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47 Franklin Avenue, Valley Stream, NY 11580
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$990,000
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Home Details for 47 Franklin Avenue
Price
$990,000
Type
Commercial/Industrial
Year Build
1948
Lot Size
0.1937
County
Nassau
Tax
$25,596.45
MLS®️ Listing#
831122
On exitrealty.com
277 days
Property Description
Rare Investment Opportunities!
Looking for a commercial building in Long Island? Good investment opportunities in Long Island, low cost, stable returns!
Property Overview
• Location: Valley Stream, Long Island
47 Franklin Ave, Valley Stream, NY 11580
• Floor area: 8,450 square feet
• Building area: 3,304 square feet
• Parking spaces: nearly18-20
Property structure
• First floor: restaurant, party room and outdoor BBQ dining area,2 bathrooms
• Second floor: office,1 full bathroom
Leasing status
• Current business: Mexican restaurant, beautifully decorated, booming business
• Rent: $7,100/month (including property tax), annual rental income $85,200
• Tenants bear all water, electricity and gas expenses.
• Lease: NNN lease 3 years remaining + 5 years renewable.
• Rent growth: 3%-4% per year
Return on investment
• Property tax: $25,600, tax reduction can be applied for
• Rate of return: about 6%
• Worry-free rent collection, stable cash flow
Additional advantages
• Homeowner loans can be provided, with interest rates better than banks
• Well-decorated, equipped with central heating and cooling system, new roof
- Utilities
- Natural Gas Available
- Electricity Connected
- Natural Gas Connected
- See Remarks
- Sewer Connected
- Water Connected
- Cooling Information
- Central Air
- Heating Information
- See Remarks
- Water Features
- Public
- Parking
- Parking Lot
Listing Courtesy: Chase Global Realty Corp - 718-355-8788. Presented by: Sophia X. Yao
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
Fair Housing Notice
Fair Housing NoticeSee average values in the proximity of this property
Median Listing Price
Median Days on EXIT Realty®
Median Square Feet
Market statistics compiled from data from OneKey MLS.
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