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1061 N Broadway

Massapequa, NY 11758
  • $2,850,000
  • STATUS: Active
  • ON SITE: 452 Days
  • MLS #: 3490510
UPDATED: 6 min ago
$2,850,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1969
County:
Area:

School Ratings & Info

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

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-10-06T09:18:32.323.
www.theteampagano.com/homes/141378528
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1061 N Broadway Massapequa, NY 11758

  • Price: $2,850,000
  • Status: Active
  • On Site: 452 Days
  • Updated: 6 min ago
  • MLS #: 3490510
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1969
Built
Neighborhood:
Oyster Bay
County:
Nassau
Area:
Oyster Bay
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
Exterior Features

Business Parking Spaces 26 Cross Street No. Delaware Overhead Door 0 Stories Total 2

Property Features

Current Use Office Gross Income 413200 MLSArea Minor 5 Net Operating Income 293955 Operating Expense 119444 Property Sub Type Mixed Use Tax Annual Amount 90244 Tax Annual Amount1 90244 Zoning Description Off Bld

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp: 516-783-5600
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-10-06T09:18:32.323.
 
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