This listing is under contract.

Floral Park Auto Shop

100 Cherry Ln New Hyde Park, NY 11001

100 Cherry Ln, New Hyde Park, NY, 11001
100 Cherry Ln, New Hyde Park, NY, 11001 100 Cherry Ln, New Hyde Park, NY, 11001 100 Cherry Ln, New Hyde Park, NY, 11001 100 Cherry Ln, New Hyde Park, NY, 11001
UNDER CONTRACT FOR SALE
Property Type:
Free Standing Building
Amount:
$699,000
Last Verified:
Jan 24, 2023

• Auto Body Shop in New Hyde Park • Tenant Pays $32,400 in Annual Rent • Surrounded by Various Retail and Other Industrial Spaces • Property Has On-Site Parking • Has 1 Drive-In Door • Tenant Lease Expires in 2025 • Tenant Pays Electric & Water Expenses • Close Proximity to Major Roads and Highways

Additional URLs

Map of 100 Cherry Ln, New Hyde Park, NY, 11001

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.