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61 1/2 Glen Street

Glen Cove, NY 11542
  • $1,125,000
  • STATUS: Active
  • ON SITE: 69 Days
  • MLS #: 855051
UPDATED: 44 min ago
$1,125,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Seller Financing Available for 20 years at 7% rate! 0% Down Payment required! Look no further than this fantastic opportunity to buy a fully rented commercial building deep in the heart of Glen Cove. Restaurant has 9 years remaining on lease with a 3% increase every July. Restaurant also pays for any increases in Taxes. Both apartments above full rented. Sellers pay Taxes, 40% of the water bill ($625 annually) and Insurance (3,394.45) Tenants pay heat, electric & 60% of water bill. Don't miss this fantastic opportunity!

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2025-07-08T12:19:03.12.
www.nicoleburkehomes.com/homes/163104203
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61 1/2 Glen Street Glen Cove, NY 11542

  • Price: $1,125,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 44 min ago
  • MLS #: 855051
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Glen Cove
County:
Nassau
Area:
Glen Cove
Property Description
Seller Financing Available for 20 years at 7% rate! 0% Down Payment required! Look no further than this fantastic opportunity to buy a fully rented commercial building deep in the heart of Glen Cove. Restaurant has 9 years remaining on lease with a 3% increase every July. Restaurant also pays for any increases in Taxes. Both apartments above full rented. Sellers pay Taxes, 40% of the water bill ($625 annually) and Insurance (3,394.45) Tenants pay heat, electric & 60% of water bill. Don't miss this fantastic opportunity!
Exterior Features

Construction Materials Brick Property Attached YN Yes Waterfront YN No

Interior Features

Basement Details See Remarks Basement YN Yes Cooling Ductless

Property Features

Annual Rental Income 82572 Building Area Total 4218 Business Type CommercialRestaurant Financial Year 2024 Listing Terms Private Financing AvailableSeller Financing Net Operating Income 56250 Operating Expense 4019 Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 21678.54 Utilities Cable AvailableElectricity ConnectedPhone Connected Water Source Public

Listing courtesy of Anthony Zanni of Signature Premier Properties: 631-585-8400
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2025-07-08T12:19:03.12.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803