Office Building in Amityville, NY

275 DIXON AVE, AMITYVILLE, NEW YORK 11701

Executive Summary:

Price:	$4,250,000
Building Size:	17,800 SF
Property Type:	Office
Lot Size:	1.01 Acres
Year Built:	1955
Cap Rate:	6.40%
NOI:	$271,818
Location:	275 Dixon Ave, Amityville, NY 11701

Investment Highlights

For Sale: Office Building in Amityville, NY
1 Vacancy (Garage Space) – Provides for a Great Lease-Up Opportunity
Two Tenants have 3.5% Annual Increases in Rent
On-Site Parking with 60 Spaces – 48 in Big Lot; 12 in Smaller Lot on Prince Chico
Solar Panels on Roof & Additional Renovation Occurred around 2001
Close Proximity to Sunrise Hwy
Located Close to the Copiague LIRR Train Station

Investment Summary

American Investment Properties is exclusively retained to sell the property located at 275 Dixon Ave, Amityville, NY. At this location is an office building that currently has one vacancy. There are increases in rent for some tenants and the property has 60 on-site parking spaces.

About Amityville, NY

First settled in the 1600s, it was not until March 3rd, 1894 that it became the Incorporated Village of Amityville. In its infancy, the friendly bay village, as it has come to be known, was primarily a farming community that had strong ties to the fishing and boating industries. Salt hay was an important agri-product that was grown to feed livestock. But the farms and marine industries slowly gave way to the needs of summer visitors in search of comforts afforded by the cool breezes and beaches of the Great South Bay. Hotels, long since gone, supplanted the farms and marine industries that were located along the waterfront. The hordes of summer visitors that discovered early Amityville included stage and theater personalities, prominent members of society including businessmen, artists, writers and the so-called “rich and famous” Manhattanites.

Although within the geographical boundaries of the Town of Babylon, residents of the Village enjoy the benefits of a local police force, fire department and public works department. Residents are taxed by the Village for these services and by the Town and County for school taxes and other public services, such as trash removal. The Village is part of the Amityville Public School District.