This Commercial is located at Sunrise Hwy, Holbrook, NY 11741. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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This commercial property is available as a foreclosure at Sunrise Hwy. Based on our analysis of the current market conditions in Holbrook for Sunrise Hwy and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Sunrise Hwy are updated daily along with others in Holbrook, New York.
The property located at Sunrise Hwy in Holbrook, NY is listed as a ForeclosureProperties like Sunrise Hwy in Holbrook, New York listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Holbrook, NY. The longer lenders own properties like this on Sunrise Hwy, the more eager they become to sell, often at reduced prices.
Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
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