1061 BroadwayMassapequa, NY 11758

For Sale
$2,850,000

High-traffic corner office building with strong NOI.

Overview

Added:
Feb 3
Days on market:
41
This 12,750 square foot commercial building in Massapequa, NY, presents a compelling investment opportunity. Located on N. Broadway, just five blocks from the Southern State Parkway, it boasts excellent visibility and high traffic counts (23,600+ vehicles daily). The property features 26 parking spaces in a private lot, high 10-foot ceilings, an elevator, all new LED lighting, sprinklers, and 3-phase power. The building is currently generating a substantial net operating income (NOI) of $293,756 annually (pro forma 10.31 cap), with a total gross income of $413,200. Current tenants include a medical office (2nd floor, $264,000 annual income, lease expiring 3/1/29), a gynecologist (1st floor, $51,600 annual income, lease expiring 1/1/26 with two 5-year options), and a medical lab (1st floor, $28,800 annual income, currently available). Additionally, there is 2,800 square feet of available space on the first floor for lease. Annual expenses include electricity ($2,400), insurance ($12,000), maintenance and repairs ($10,000), dumpster service ($3,600), elevator maintenance ($1,200), and taxes ($90,244.65). The property's strong zoning, excellent signage, and proximity to major retailers such as Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, and many others, make it an ideal investment for developers, investors, or end-users seeking a high-return property in a prime location. The building's current income stream, combined with the potential for increased rental income from the available space, offers significant upside potential.

Property Details for 1061 Broadway

Property type
Other commercial real estate
Square Feet
12,750 SF
Year Built
1969

Location Insight

City
Massapequa
County
Nassau County
State
New York
Latitude
40.71068
Longitude
-73.46138
1061 Broadway, Massapequa, New York

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1061 Broadway
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