for sale - loopnet€¦ · 4 west red oak lane, suite 200, white plains, ny 10604 914-694-6070 -...
TRANSCRIPT
Steve McCulloch914-641-4305
4 West Red Oak Lane, Suite 200, White Plains, NY 10604914-694-6070 - houlihanparnes.com
• WELL MAINTAINED PROPERTY• AMPLE ON-SITE PARKING
$850,00075 SOUTH HIGHLAND AVENUE
OSSINING, NEW YORK
FOR SALE
75 SOUTH HIGHLAND AVENUEOSSINING, NEW YORK
OFFICE BUILDING FOR SALE
ADDRESS
DESCRIPTION
LOCATION
TENANCY
PRICE
75 South Highland Avenue, Ossining New York
This is a 2 story office building with a brick and anodized aluminum exterior. There is +/- 4000 square feet in the building evenly distributed on 2 floors. Each tenant has their own AC unit which is gas fired, heat is provided by one boiler that uses #2 oil. There is a common area bathroom on each floor and there are +/- 14 parking spaces on site. The property is serviced by municipal water and sewer and the building was built in the late 1970’s. There are currently 4 tenants and the building is fully leased.
The building fronts on South Highland Avenue, aka Route 9 a major north south roadway and is on the corner of Maurice Avenue. This property is within walking distance to the center of the Village of Ossining and is 1 block south of Ossining High School. The immediate area around this property is a mix of single family residential homes and apartment buildings.
There are 4 tenants in the building, a mix of professionals including doctors and lawyers. The most recent tenant signed a 10 year lease which demonstrates the strength of location and desire of tenants to have onsite parking when located in downtown business districts.
$850,000
Steve McCulloch at 914-641-4305 or email [email protected]
4 WEST RED OAK LANEWHITE PLAINS, NEW YORK
75 SOUTH HIGHLAND AVENUEOSSINING, NEW YORK
2019 INCOME
UNIT # TENANT SF OCCUPIED MONTHLY RENT YEARLY RENTLEASE
EXPIRATIONOPTION TO RENEW
1N DR. DAVID POST 975 1,754.56$ 21,054.72$ 8/31/2021 2 (5) year options
1S WAYNE GABLE 975 1,768.39$ 21,220.68$ 5/31/2023
2N DR. PANI 925 1,600.00$ 19,200.00$ 9/14/2029
2S P. MORGAN ESQ. 1,072 2,830.82$ 33,969.84$ 9/30/2022
TOTALS 3,947 7,953.77$ 95,445.24$
Water Reimbursement
1N 106.00$
2S 328.00$
Tax Reimbursement 1,981.00$
Total Income 97,860.24$
INCOME
4 WEST RED OAK LANEWHITE PLAINS, NEW YORK
75 SOUTH HIGHLAND AVENUEOSSINING, NEW YORK
2019 EXPENSES
TAXES 25,638.00$
REPAIRS 2,500.00$
LANDSCAPING 1,200.00$
SNOW 2,000.00$
ELECTRIC 750.00$
INSURANCE 3,000.00$
WATER 750.00$
FUEL #2 OIL 2,500.00$
CLEANING 2,700.00$ common areas only
TOTAL EXPENSES 41,038.00$
NET OPERATING INCOME 56,822.24$
EXPENSES
75 SOUTH HIGHLAND AVENUEOSSINING, NEW YORK
AERIAL VIEW
75 SOUTH HIGHLAND AVENUEOSSINING, NEW YORK