Multifamily

121-125 School Rd

121-125 School Rd, Elmont, NY 11003

Listing Price: $1,450,000

Cap Rate
6.06%
Number of Units
6
GRM
9.10
Occupancy
100.00%
Price/Unit
$241,667
Price/Gross SF
$343.03
Gross SF
4,227

Investment Overview

Marcus & Millichap is pleased to present 121-125 School Road, a mixed use property located in Elmont, New York. The building rests on a 0.14-Acre parcel and consists of five residential units, an office space (used as 2-bd apartment), and two-car garage approximately 1,200 square feet of space. It is conveniently located near the LIRR Train Station, Cross Island Parkway, and Route 24; providing tenants the ability to travel throughout Long Island and the Five Boroughs. The property is nearby the new Belmont Arena Development which will bring a hotel, hockey arena, retail shopping, and a full service LIRR Station to the area. Additional information is available upon request. Taxes are being grieved. Additional information upon request.

Investment Highlights

  • Five Residential Units
  • One Office Space
  • Two-Car Garage

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
6.06%
Number of Units
6
GRM
9.10
Occupancy
100.00%
Price/Unit
$241,667
Price/Gross SF
$343.03
Gross SF
4,227

Investment Highlights

  • Five Residential Units
  • One Office Space
  • Two-Car Garage

Investment Overview

Marcus & Millichap is pleased to present 121-125 School Road, a mixed use property located in Elmont, New York. The building rests on a 0.14-Acre parcel and consists of five residential units, an office space (used as 2-bd apartment), and two-car garage approximately 1,200 square feet of space. It is conveniently located near the LIRR Train Station, Cross Island Parkway, and Route 24; providing tenants the ability to travel throughout Long Island and the Five Boroughs. The property is nearby the new Belmont Arena Development which will bring a hotel, hockey arena, retail shopping, and a full service LIRR Station to the area. Additional information is available upon request. Taxes are being grieved. Additional information upon request.

Exclusively Listed By

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