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
Details
MLS#
3490510
Listing Type
For Sale
Style
Mixed Use
Sub-Type
Resale
Status
Active
Year
1969
Days On Site
454
Listing Provided By
All Island Estates Realty Corp | Richard Matt Shane
Features
Story(s)
2
Units
4
Zoning
Off Bld
Acreage
0.23
Market Activity 11758
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2024
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $2,800
Max Sale Price: $2,800
Med Sale Price: $2,800
Date: Aug 2024
Sales: 9
Avg $ Per SqFt: $101.82
Min Sale Price: $3,000
Max Sale Price: $925,000
Med Sale Price: $5,000
Date: Jul 2024
Sales: 12
Avg $ Per SqFt: $263.06
Min Sale Price: $3,875
Max Sale Price: $1,900,000
Med Sale Price: $700,000
Date: Jun 2024
Sales: 16
Avg $ Per SqFt: $403.9
Min Sale Price: $3,570
Max Sale Price: $1,399,888
Med Sale Price: $742,500
Date: May 2024
Sales: 18
Avg $ Per SqFt: $440.68
Min Sale Price: $580,000
Max Sale Price: $1,490,000
Med Sale Price: $735,000
Date: Apr 2024
Sales: 7
Avg $ Per SqFt: $436.36
Min Sale Price: $645,000
Max Sale Price: $825,000
Med Sale Price: $725,555
Date: Mar 2024
Sales: 2
Avg $ Per SqFt: $353.34
Min Sale Price: $820,000
Max Sale Price: $865,000
Med Sale Price: $842,500
Date: Feb 2024
Sales: 2
Avg $ Per SqFt: $
Min Sale Price: $1,100,000
Max Sale Price: $2,200,000
Med Sale Price: $1,650,000
Date: Jan 2024
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $705,000
Max Sale Price: $705,000
Med Sale Price: $705,000
Date: Nov 2023
Sales: 1
Avg $ Per SqFt: $345.22
Min Sale Price: $610,000
Max Sale Price: $610,000
Med Sale Price: $610,000
Date: Oct 2023
Sales: 3
Avg $ Per SqFt: $3.34
Min Sale Price: $2,000
Max Sale Price: $625,000
Med Sale Price: $4,000
Sourced by Back At You
Sep 2024
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$2,800
Max Sale Price:
$2,800
Med Sale Price:
$2,800
Aug 2024
Sales:
9
Avg $ Per SqFt:
$101.82
Min Sale Price:
$3,000
Max Sale Price:
$925,000
Med Sale Price:
$5,000
Jul 2024
Sales:
12
Avg $ Per SqFt:
$263.06
Min Sale Price:
$3,875
Max Sale Price:
$1,900,000
Med Sale Price:
$700,000
Jun 2024
Sales:
16
Avg $ Per SqFt:
$403.9
Min Sale Price:
$3,570
Max Sale Price:
$1,399,888
Med Sale Price:
$742,500
May 2024
Sales:
18
Avg $ Per SqFt:
$440.68
Min Sale Price:
$580,000
Max Sale Price:
$1,490,000
Med Sale Price:
$735,000
Apr 2024
Sales:
7
Avg $ Per SqFt:
$436.36
Min Sale Price:
$645,000
Max Sale Price:
$825,000
Med Sale Price:
$725,555
Mar 2024
Sales:
2
Avg $ Per SqFt:
$353.34
Min Sale Price:
$820,000
Max Sale Price:
$865,000
Med Sale Price:
$842,500
Feb 2024
Sales:
2
Avg $ Per SqFt:
$
Min Sale Price:
$1,100,000
Max Sale Price:
$2,200,000
Med Sale Price:
$1,650,000
Jan 2024
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$705,000
Max Sale Price:
$705,000
Med Sale Price:
$705,000
Nov 2023
Sales:
1
Avg $ Per SqFt:
$345.22
Min Sale Price:
$610,000
Max Sale Price:
$610,000
Med Sale Price:
$610,000
Oct 2023
Sales:
3
Avg $ Per SqFt:
$3.34
Min Sale Price:
$2,000
Max Sale Price:
$625,000
Med Sale Price:
$4,000
MLS Number: 3490510
Richard Matt Shane – (516) 783-5600 – matthewshane8828@gmail.com
All Island Estates Realty Corp – (516) 783-5600 – judith@allislandestates.com
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.
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MLS Number: 3490510
Richard Matt Shane – (516) 783-5600 – matthewshane8828@gmail.com
All Island Estates Realty Corp – (516) 783-5600 – judith@allislandestates.com
