Active

613-641 Eagle Avenue

West Hempstead NY, 11552

$13,888,000


Active

Commercial

Built in 2012

Calling All Investors, Developers, & End-Users!!! Once In A Lifetime Opportunity To Own A State Of The Art Equestrian Center + 25 Acre Upstate Annex!!! The Property Features A Newly Built Indoor Equestrian Center, 775 Acres Of Permitted Land, 3 Adjoining Rental Homes, State Park Permit, 30,000 Sqft. Steel Insulated Building W/40' Ceilings, 63 Stalls, Excellent Signage, Great Exposure, Storage Area, Classroom, Tack Room, 80x160 Arena, Strong Zoning, 42 Parking Spaces, Separate Meters, 11,000 Sqft. Mezzanine, 6 Lots, Sprinkler System, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of West Hempstead & Is The Only Equestrian Center In The Area!!! The Property Is Situated 2 Blocks From Lakeview LIRR Station, 1 Block From Southern State Parkway & 5 Miles From JFK Airport!!! Neighbors Include The Home Depot, Stop & Shop, CubeSmart Self Storage, Dunkin', CVS, Regal Cinemas, Lidl, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! A 25 Acre Upstate Annex With A 3,500 Sqft. Farm House + 15,000 Sqft. Barn Can Be Bought In Addition For Only $300k!!! Income: Business (2024 Projected) $2,000,000 Gross; $1,000,000 Net Equestrian Center (41,000 Sqft.): $396,459.96 Ann. 4 Br., 3 Bath House (2,200 Sqft.): $48,000 Ann. 4 Br., 2.5 Bath House (2,000 Sqft.): $45,600 Ann. 3 Br., 2 Bath House (2,000 Sqft.) : $42,000 Ann. 625 Eagle Ave. Classroom (1,300 Sqft.): $$60,000 Ann. Upstate 5 Br., 2 Bath House (3,500 Sqft.): $21,600 Ann. (Available) 15,000 Sqft. Barn + Farm (24 acres): $18,000 Ann. (Available) Pro Forma Gross Income: $2,631,659.96 Ann. Expenses: Insurance: $9,817 Ann. Taxes: $20,000 Ann. Business Expenses: $1,000,000 Ann. Total Expenses: $1,029,817 Net Operating Income (NOI): $1,601,842.96 Ann. (Pro Forma 11.54 Cap!!!) , or

3530043

MLS ID

February 6, 2024

Listed

July 12, 2024

Updated

Map

613-641 Eagle Avenue
West Hempstead NY, 11552

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.52 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$130,673


Tax Frequency

Annually


Garage

No


View

No


County

Nassau


Municipality

Hempstead


Pool

No

Listing History

Date

Event

Price

6/17/2024

Price Change

$13,888,000

-5%

5/13/2024

Price Change

$14,500,000

-3%

Listed by Richard Matt Shane  with All Island Estates Realty Corp
Listing Contact: 516-783-5600 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Laura Carroll shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 OneKey MLS. All rights reserved.    

Data last updated 7:27 PM UTC, 7/12/2024

  

Powered byLuxury Presence