90 Old Quogue Rd - Apartments FOR SALE


Riverhead, NY 11901
$1,500,000 USD
631-474-2000
90 Old Quogue Rd, Riverhead, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

90 Old Quogue Rd
Riverhead, NY 11901


OVERVIEW

Unique investment opportunity in Suffolk County featuring two adjacent lots with a total of three residential rental homes and an established auto repair shop. One parcel includes two homes: a two-story, four bedroom residence and a three bedroom ranch. The second parcel offers a two-story, two bedroom home along with the auto repair facility. All units are currently tenant occupied, with tenants responsible for their own electric and heat, providing ease of management and predictable expenses. The property generates a combined annual rent roll of $127,000.00 with low taxes contributing to an estimated NOI of $108,206.00. This results in an attractive 7.21% cap rate making it a strong income-producing asset with multiple revenue streams. See attached for additional information and pro-forma. PLEASE DRIVE BY FIRST AND DO NOT DISTURB THE TENANTS! The owner requests proof of funds or financing be sent prior to any interior showings. All information deemed accurate and reliable, but must be verified by the Agent/Buyer. The 2% Peconic Tax applies.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

Multi Use

APN/PARCEL ID

0900-139-00-03-00-034-000,0900-139-00-03-00-035-000

ASK ABOUT THIS PROPERTY

Louis PapasH & G Realty-NY IncMore Info
631-474-2000

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Louis PapasH & G Realty-NY IncMore Info
631-474-2000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.