61-1/2 Glen St Glen Cove, NY 11542
Fully rented commercial building in the heart of Glen Cove.
Property Features for 61-1/2 Glen St
General Information
- Property type
- Commercial
- Standard status
- Active
Source:
Elliman
Listing Agent: Anthony Zanni
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Glen Cove Commercial Building For Sale
This fully rented commercial building is located in Glen Cove. The property features a restaurant with 9 years remaining on the lease, with a 3% increase every July. The restaurant also covers any increases in taxes. There are also two fully rented apartments above the restaurant. The seller is responsible for taxes, 40% of the water bill (approximately $625 annually), and insurance (approximately $3,394.45). Tenants are responsible for heat, electric, and 60% of the water bill. Seller financing is available for 20 years with a 30-year amortization at an 8% rate, with a 10-20% down payment required. This property is a mixed-use building with a restaurant and apartment buildings.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Glen Cove
- County
- Nassau
- State
- New York
- Longitude
- -73.6288929
- Latitude
- 40.8640021
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Fully rented commercial building in the heart of Glen Cove.
Where is this mixed-use property located?
The property is located at 61-1/2 Glen St Glen Cove, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: - Seller financing available for 20 years with 30-year amortization at 8% interest.; - Fully rented commercial building in Glen Cove.; - Restaurant tenant has 9 years remaining on lease with 3% annual rent increase.
