1031 EXCHANGE SPECIAL PROPERTIES ONLY WITH JIM TURANO (MIDDLE VILLAGE/RIDGEWOOD) $34500003

TWO PROPERTIES FOR SALE….NOT ON MLS/ ONLY PRIVATE EXCLUSIVE LISTINGS.

1)MIDDLE VILLAGE, 72-52 METROPOLITAN AVENUE, COMMERCIAL CONDO-12,000 SQ.FT. WITH TENANT
TENANT FOR YEARS HAS BEEN NURSERY SCHOOL-POSITIVE BEGINNING. RENT PER MONTH $16,500 DOLLARS
YEARLY INCOME $198,000 DOLLARS-ASKING $3,550,000 LAST OFFER WAS $3.1 MILLION-OWNER COUNTERED AT $3.3 MILLION. SCHOOL HAS TO SEND LETTER OF INTENT TO RE-NEW LEASE BY YEAR END.
PROJECTED RENT IS $18,000 PER MONTH OR $216,000 PER YEAR.
6 PARKING SPOTS WITH 12 CLASSROOMS. LICENSING WITH STATE APPROVED CERTIFICATE.

2) RIDGEWOOD- 1731 CORNELIA STREET. STEPS TO SUBWAY, TOTALLY RENOVATED FROM ROOF TO ALL APARTMENTS. 12 UNIT BRICK BUILDING. CONSISTING OF ONE BEDROOM AND STUDIO APARTMENTS.
LESS TENANTS, LESS NOISE, LESS REPAIRS, LESS WATER BILLS,ETC.
INCOME $186K YEARLY…. ASKING $3,450,000
LAST OFFER $3,050,000 AND OWNER COUNTERED AT $3.2 MILLION. ON OCTOBER 19TH….
BUILDING IS WORTH EVERY PENNY OF 17 X’S INCOME.
IN 2018 RENTS GO UP.


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