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1061 N Broadway Massapequa, NY 11758
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1031801
Rental Info No
Year Built 1969
Annual Tax Amount $86,425
Property Sub-Type Business
Source onekey2
Property Description
Calling All End-Users!!! 4,600+ Sqft. Storefront On Main Street!!! Located In The Heart Of Freeport The Space Offers An Open Layout Option Making This The Perfect Opportunity For Physical Therapists, Clinics, Contractors, Chiropractors, +++!!! The Space Currently Features High 9' Ceilings, Bathrooms, Sprinklers, 2 Parking Spaces, 600 Sqft. LL, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located On S. Main St. Across From The LIRR Only 1 Block From Sunrise Hwy.!!! The Property Is Situated Minutes From The Meadowbrook Pkwy. & The Southern State Pkwy.!!! Neighbors Include BMW, Porsche, Cadillac, Lexus, Chevrolet, Mitsubishi, Chase Bank, The Home Depot, Target, Staples, CVS, Walgreens, Dunkin', Burlington, Bob's Discount Furniture, Five Below, Taco Bell, McDonald's, Wingstop, Burger King, IHOP, +++!!! Get It While It Lasts This Space Will Go VERY Fast Asking Only $45 Per Sqft.!!! None Of This Is To Be Considered Investment Advice. Always Do Your Own Due Diligence Before Making Any Decisions.Income:
New York Health (Whole 2nd Fl. + 800 Sqft. 1st Fl. + 3,000 Sqft. LL): $283,018.44 Ann. 3% Ann. Inc.; Lease Exp.: 12/31/28. (1) 5 Year Option With 3% Ann. Inc. Pays 84.76% Of Tax Increase Above 2024 Base Tax.
Gynecologist (1,900 Sqft.): $76,565.76 Ann. 3% Ann Inc.; Lease Exp.: 12/31/27. Been Here 13 Years So Far. Pays 15.24% Of Tax Increase Above 2025 Base Tax.
Total Gross Income: $359,584.20 Ann.
Expenses:
Electric: $0 Ann.
Gas: $0 Ann.
Insurance: $6,826 Ann.
Maintenance & Repairs: $2,825 Ann.
Garbage: $600 Ann.
Snow Removal: $850 Ann.
Taxes: $86,424.97 Ann.
Total expenses: $97,525.97 Ann.
Net Operating Income (NOI): $262,058.23 Ann. (7.82 Cap!!!)
New York Health (Whole 2nd Fl. + 800 Sqft. 1st Fl. + 3,000 Sqft. LL): $283,018.44 Ann. 3% Ann. Inc.; Lease Exp.: 12/31/28. (1) 5 Year Option With 3% Ann. Inc. Pays 84.76% Of Tax Increase Above 2024 Base Tax.
Gynecologist (1,900 Sqft.): $76,565.76 Ann. 3% Ann Inc.; Lease Exp.: 12/31/27. Been Here 13 Years So Far. Pays 15.24% Of Tax Increase Above 2025 Base Tax.
Total Gross Income: $359,584.20 Ann.
Expenses:
Electric: $0 Ann.
Gas: $0 Ann.
Insurance: $6,826 Ann.
Maintenance & Repairs: $2,825 Ann.
Garbage: $600 Ann.
Snow Removal: $850 Ann.
Taxes: $86,424.97 Ann.
Total expenses: $97,525.97 Ann.
Net Operating Income (NOI): $262,058.23 Ann. (7.82 Cap!!!)
Location
State NY
County Nassau County
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 26
Building
Story 2
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Block,Other
Schools
High Schools Massapequa
School District Massapequa
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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3505 Veterans Memorial Hwy, Suite L, Ronkonkoma, NY 11779, USA