1502 Main St Port Jefferson, NY 11777

Listing Agency Tiger Realty a***@gmail.com Show Phone

Listed by Yuyi Cheng Show Phone

Source Elliman

Added: Apr 24 Checked: Jul 16 at 6:24 am

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Investment Insights

Based on property information with market context.

Located on Main Street in Port Jefferson, Suffolk County, this investment property features an existing dry-cleaning tenant. The tenant currently pays $4,456 monthly, with a 3% yearly increase and three years remaining on the lease. The tenant is responsible for property taxes of $10,131.76, Village Tax of $1,410.32, and all utilities. The seller covers the building insurance of $3,650. The property generates a net income of $53,472 yearly, equating to a 6% cap rate. It includes a private driveway with five private parking spots for customer use. The walk score is 74, indicating the area is very walkable, and the bike score is 47, meaning it is somewhat bikeable.

Key Highlights

• Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.
• Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) in addition to all utilities.
• Generates 6% plus cap rate with net annual income of $53,472.

Property Analytics

Property Profile Location Intelligence

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  Office

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Similar Off Market Nearby

• Malkmes Florists & Ghses. — 70 Oakland Ave, Port Jefferson Station, NY 11776
• Slate Floral & Event Studio — 158 E Main St #2, Port Jefferson, NY 11777

FAQs

What type of property is this?

Storefront property - Retail property for sale with existing tenant and income.

Where is this storefront property located?

The property is located at 1502 Main St Port Jefferson, NY.

What is the asking price?

The asking price for this property is $810,000.

What are key features of this property?

This property features: Existing tenant provides stable income of $4,456 monthly with 3% yearly increase and three years remaining on the lease.; Tenant pays property tax ($10,131.76) and Village Tax ($1,410.32) in addition to all utilities.; Generates 6% plus cap rate with net annual income of $53,472.