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4 Main St
Kings Park, NY 11754
Retail Property For Sale
Investment Highlights
- Directly off of and visible from Main St.
Executive Summary
This mixed-use building encompasses a restaurant with 113 seats, a bar, a wood burning fireplace, and ample space for entertaining. The second and third floors house a total of nine apartments. Each apartment is either a studio, 1 bedroom or a two-bedroom unit, equipped with split air conditioning systems that are three years old.
The apartments are thoughtfully designed to optimize comfort and functionality, featuring modern amenities and sleek finishes that cater to a diverse range of tenants. Large windows allow natural light to permeate the living spaces, fostering a warm and inviting atmosphere. The studio apartments offer a compact yet stylish living experience, ideal for individuals or young professionals, while the two-bedroom units provide generous space suitable for small families or roommates.
Residents also enjoy convenient access to the vibrant restaurant and bar located on the ground floor, creating a lively social scene just steps from their homes. This mixed-use building harmoniously combines residential comfort with dynamic commercial offerings, making it an appealing choice for both tenants and investors.
The apartments are thoughtfully designed to optimize comfort and functionality, featuring modern amenities and sleek finishes that cater to a diverse range of tenants. Large windows allow natural light to permeate the living spaces, fostering a warm and inviting atmosphere. The studio apartments offer a compact yet stylish living experience, ideal for individuals or young professionals, while the two-bedroom units provide generous space suitable for small families or roommates.
Residents also enjoy convenient access to the vibrant restaurant and bar located on the ground floor, creating a lively social scene just steps from their homes. This mixed-use building harmoniously combines residential comfort with dynamic commercial offerings, making it an appealing choice for both tenants and investors.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,037 SF
Building Class
B
Year Built/Renovated
1890/2020
Price
$2,459,323 CAD
Price Per SF
$272.14 CAD
Cap Rate
8.82%
NOI
$216,903 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.83
Lot Size
0.25 AC
Zoning
CB - Nine rental units plus ground floor restaurant - or flexible use.
Fully renovated from top to the bottom, new patio with beautiful landscaping.
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Courtyard
- Restaurant
- Security System
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 0800-027-00-01-00-047-000 | Improvements Assessment | $10,554 CAD |
| Land Assessment | $4,484 CAD | Total Assessment | $15,038 CAD |
Property Taxes
Parcel Number
0800-027-00-01-00-047-000
Land Assessment
$4,484 CAD
Improvements Assessment
$10,554 CAD
Total Assessment
$15,038 CAD
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