RETAIL SHOPPING CENTER
LOCATION: Patchogue, NY 11772
DESCRIPTION: Two One-Story Masonry Buildings - 17 Stores.
Parking for 120 Cars.
LOT SIZE: 1.9 Acres
BUILDING SIZE: 21,766 Sq. Ft.
TENANTS PAY: OWN WATER, ELECTRIC AND FUEL.
ANNUAL RENT ROLL (includes contributions): $673,235.00
OPERATING EXPENSES:
Real Estate Taxes: $102,186.00
Insurance: $44,150.00
Gas & Electric: $4,605.00
Fire Alarm: $2,541.00
Cleaning: $6,879.00
Snow Removal: $5,961.00
Misc. Repairs: $6,539.00
TOTAL OPERATING EXPENSES: $172,861.00
NET OPERATING INCOME: $500,374.00
PRICE: $8,750,000.00 (5.72% CAP)
_____________________________________________________________________________ NOTES:
INSPECTION OF PROPERTY BY APPOINTMENT ONLY
DO NOT DISTURB TENANTS