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Multifamily

145 Landing Road

145 Landing Rd, Glen Cove, NY 11542

Listing Price: $2,250,000

Cap Rate
6.37%
GRM
10.94
Occupancy
100.0%

Investment Overview

Marcus & Millichap is proud to present an 145 Landing Road ("Subject property"), a multifamily property located in Glen Cove, NY.
3-story apartment building. 1st floor has 2 apartments one 1 bedroom/1bath and one 2 bedroom/1ba. The 2nd floor has 5 rooms each with own bathroom. The 3rd floor has 4 rooms with a common bathroom. The owner has approved plans to convert 2nd floor rooms to studio apartments and 3rd floor to a 3-bedroom one bath apartment. Tenants on 1st and 3rd floor pay their own utilities and owner would be responsible for utilities on 2nd floor. Parking on site. Located in landing section of Glen Cove by Morgan State Park and Gravies Point. Gas heating for 1st floor and Oil heat for 2nd and 3rd floor. 5 electric meters. 2 gas meters. 1 water meter
The area demographics paint a picture of opportunity – over 50,000 people live within a three miles radius and an average household income is well over $160,000. Additional information is available upon request.

Investment Highlights

  • 3-story apartment building. 1st floor has 2 apartments one 1 bedroom/1bath and one 2 bedroom/1ba. The 2nd floor has 5 rooms each with own bathroom. The 3rd floor has 4 rooms with a common bathroom.
  • The owner has approved plans to convert 2nd floor rooms to studio apartments and 3rd floor to a 3-bedroom one bath apartment.
  • Tenants on 1st and 3rd floor pay their own utilities and owner would be responsible for utilities on 2nd floor.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Multifamily

145 Landing Road

Listing Price: $2,250,000

Cap Rate
6.37%
GRM
10.94
Occupancy
100.0%

Investment Highlights

  • 3-story apartment building. 1st floor has 2 apartments one 1 bedroom/1bath and one 2 bedroom/1ba. The 2nd floor has 5 rooms each with own bathroom. The 3rd floor has 4 rooms with a common bathroom.
  • The owner has approved plans to convert 2nd floor rooms to studio apartments and 3rd floor to a 3-bedroom one bath apartment.
  • Tenants on 1st and 3rd floor pay their own utilities and owner would be responsible for utilities on 2nd floor.

Investment Overview

Marcus & Millichap is proud to present an 145 Landing Road ("Subject property"), a multifamily property located in Glen Cove, NY. 3-story apartment building. 1st floor has 2 apartments one 1 bedroom/1bath and one 2 bedroom/1ba. The 2nd floor has 5 rooms each with own bathroom. The 3rd floor has 4 rooms with a common bathroom. The owner has approved plans to convert 2nd floor rooms to studio apartments and 3rd floor to a 3-bedroom one bath apartment. Tenants on 1st and 3rd floor pay their own utilities and owner would be responsible for utilities on 2nd floor. Parking on site. Located in landing section of Glen Cove by Morgan State Park and Gravies Point. Gas heating for 1st floor and Oil heat for 2nd and 3rd floor. 5 electric meters. 2 gas meters. 1 water meter The area demographics paint a picture of opportunity – over 50,000 people live within a three miles radius and an average household income is well over $160,000. Additional information is available upon request.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

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