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Multifamily

1550 Montauk Hwy, Mastic, NY

1550 Montauk Hwy, Mastic, NY 11950

Listing Price: $2,000,000

Cap Rate
6.98%
GRM
8.95
Occupancy
100.0%
Price/Gross SF
$364.30
Gross SF
5,490

Investment Overview

This 8-unit multifamily property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments. The building is situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience. Tenants are responsible for their own heat and electricity. Additionally, the property includes an 80x100 lot in the rear, offering significant potential for future development.

Investment Highlights

  • 8-unit multifamily property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments.
  • The building is situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience.
  • Additionally, the property includes an 80x100 lot in the rear, offering significant potential for future development.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

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

    Manhattan

Multifamily

1550 Montauk Hwy, Mastic, NY

Listing Price: $2,000,000

Cap Rate
6.98%
GRM
8.95
Occupancy
100.0%
Price/Gross SF
$364.30
Gross SF
5,490

Investment Highlights

  • 8-unit multifamily property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments.
  • The building is situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience.
  • Additionally, the property includes an 80x100 lot in the rear, offering significant potential for future development.

Investment Overview

This 8-unit multifamily property features a diverse mix of units: two 1-bedroom/1-bathroom, five 2-bedroom/1-bathroom, and one 3-bedroom/1-bathroom apartments. The building is situated on a 0.23-acre lot and includes a rear parking lot for tenant convenience. Tenants are responsible for their own heat and electricity. Additionally, the property includes an 80x100 lot in the rear, offering significant potential for future development.

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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