3490-3502 Oceanside Road, Oceanside

Nassau County, Oceanside, New York 115725830

$4,250,000  

Listing ID Number

25349

Property Description

Situated in Oceanside, 3490-3502 Oceanside Road is a corner shopping center with eight units including a Chinese Restaurant, Pizzeria & Salon. Supplying the local affluent, residential neighborhood. The shopping center includes 54 free parking spaces. Oceanside Road is conveniently located approximately three blocks from the Long Beach Road retail corridor.

Overview

Building Type:Commercial Buildings

Investment Information

Gross Annual Income:$326,174
Net Operating Income:$218,565

Summary

Price Per Sq Ft:$386
Capitalization Rate:5.10%

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Jonathan Squires
Director
(212) 660-7775
Jonathan.Squires@cushwake.com

Michael Fioravanti
Senior Associate
(212) 589 5119
michael.fioravanti@cushwake.com

Josh Neustadter
Associate
2126607739
josh.neustadter@cushwake.com

Benjamin Efraimov
Director
(718) 512 2608
benjamin.efraimov@cushwake.com

Kevin Schmitz
Associate
(718) 512 2628
kevin.schmitz@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.