1061 N Broadway - Medical FOR SALE


Massapequa, NY 11758
$2,850,000 USD
516-279-8828
1061 N Broadway, Massapequa, NY for Sale
$2,850,000 USD
Medical - FOR SALE
1/27
null | 10.31% Cap Rate

1061 N Broadway
Massapequa, NY 11758


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 10.31 Cap 12,750 Sqft. Corner Medical 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, 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, +++!!!
  • 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!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 10.31 Cap 12,750 Sqft. Corner Medical 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.: 3/1/2029 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!!!)

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

10.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Showroom

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

Professional Building

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 Policy.