1061 N Broadway - Medical FOR SALE


Massapequa, NY 11758- North Massapequa
$3,350,000 USD
516-279-8828
1061 N Broadway, Massapequa, NY for Sale
$3,350,000 USD
Medical - FOR SALE
1/36
null | 7.82% Cap Rate

1061 N Broadway
Massapequa, NY 11758
North Massapequa


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 7.82 Cap 12,750 Sqft. Corner Office Building With Private Parking Lot For Sale!!!
  • The Building Features Excellent Signage, Great Exposure, R1-7 Zoning, 26 Parking Spaces, Private Parking Lot, High 10’ Ceilings, Elevator, +++!!!
  • The Property Is Located In Massapequa On N. Broadway Just 5 Blocks From The Southern State Pkwy.!!!
  • Neighbors Include Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, Roslyn Savings Bank, 7-Eleven, Dunkin’, Friendly’s, Lukoil, McDonald’s, +++!!!
  • This Property Has A Daily Traffic Count Of 23,000+ Vehicles Per Day!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7.82 Cap 12,750 Sqft. Corner Office Building With Private Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, R1-7 (465.14) Zoning, 26 Parking Spaces, Private Parking Lot, High 10’ Ceilings, Elevator, Ramp, Accessible Bathrooms, All New LED Lighting, Sprinklers, 3 Phase Power, CAC, +++!!! The Property Is Located In Massapequa On N. Broadway Just 5 Blocks From The Southern State Pkwy.!!! Neighbors Include Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, Roslyn Savings Bank, 7-Eleven, Dunkin’, Friendly’s, Lukoil, McDonald’s, Ralph’s Famous Italian Ices, Domino’s, Burger King, Lidl, +++!!! This Property Has A Daily Traffic Count Of 23,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: New York Health (Whole 2nd Fl. + 800 Sqft. 1st Fl. + 3,000 Sqft. LL): $283,018.44 Ann. 3% Ann. Inc.; Lease Exp.: 12/31/28. (1) 5 Year Option With 3% Ann. Inc. Pays 84.76% Of Tax Increase Above 2024 Base Tax. Gynecologist (1,900 Sqft.): $76,565.76 Ann. 3% Ann Inc.; Lease Exp.: 12/31/27. Been Here 13 Years So Far. Pays 15.24% Of Tax Increase Above 2025 Base Tax. Total Gross Income: $359,584.20 Ann. Expenses: Electric: $0 Ann. Gas: $0 Ann. Insurance: $6,826 Ann. Maintenance & Repairs: $2,825 Ann. Garbage: $600 Ann. Snow Removal: $850 Ann. Taxes: $86,424.97 Ann. Total Expenses: $97,525.97 Ann. Net Operating Income (NOI): $262,058.23 Ann. (7.82 Cap!!!)

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

7.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,932 SF

ZONING

R1-7 (465.14)

APN/PARCEL ID

2489-52-527-00-0235-0

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.