Price Reduced 14.93%


Price History

$3,350,000
7/10/2023

$3,150,000
7/21/2023

$2,950,000
8/23/2023

$2,850,000
9/11/2023


1061 N Broadway, Oyster Bay, (Massapequa), NY, 11758

1061 N Broadway, Oyster Bay, (Massapequa), NY, 11758

1969

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


Status:

Active

Town:

Oyster Bay

Type:

Commercial

Units:

4

Zoning:

Off Bld

Levels:

2

Acreage:

0.23

Est. Taxes:

$90,244

Current Use

Office

MLS #:

3490510


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of All Island Estates Realty Corp 516-783-5600