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Property Description

Calling All Investors, Developers & End-Users!!! 10.31 Cap 12,750 Sqft. Corner Office Building With Private Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Strong Zoning, 26 Parking Spaces, Private Parking Lot, High 10′ Ceilings, Elevator, 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 23,600+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property Or Home For Your Business!!! Income: 2nd Floor: Medical Office: $264,000 Ann. 3% Ann. Inc.; Lease Exp.: 3/1/29. 1st Floor: Gynecologist (1,900 Sqft.): $51,600 Ann. 3% Ann Inc.; Lease Exp.: 1/1/26 + (2) Additional 5 Year Options. Medical Lab (700 Sqft.): $28,800 Ann. (Available) LL Office (2,800 Sqft.): $68,800 Ann. (Available) Total Gross Income: $413,200 Ann. Expenses: Electric: $2,400 Ann. (Common Areas Only) Gas: $0 Ann. (Common Areas Only) Insurance: $12,000 Ann. Maintenance & Repairs: $10,000 Ann. Dumpster: $3,600 Ann. Elevator: $1,200 Ann. Taxes: $90,244.65 Ann. Total expenses: $119,444.65 Ann. Net Operating Income (NOI): $293,756 Ann. (Pro Forma 10.31 Cap!!!) , or

Facts and Features
: Cleared, Unpaved
: Public Sewer
Address Map
Massapequa
NY
Nassau
No Delaware to No Broadway
Property and Construction
Cynthia Jenkins School
Prep Academy For Writers
176463
CBE01
Collaborative Arts Middle School
4
: Auction
2
$90,244
: Public
27

Commercial Sale For Sale

1061 Broadway, Massapequa, NY

0.23 Acre
$2,850,000
Listing ID #3490510
Basic Details
Property Type : Commercial Sale
Listing ID : 3490510
Price : $2,850,000
Lot Area : 0.23 Acre
Year Built : 1969
Status : Active
Status : A
Property SubType : Mixed Use
Listing Office : All Island Estates Realty Corp
Listing Agent : Richard Matt Shane
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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