Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    898-896 N Broadway Massapequa, NY 11758

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12,179 Sq. Ft. fully occupied commercial building for sale.

    Property size:
    12,179 SF
    Lot size:
    0.15 Acres

    Property Features for 898-896 N Broadway

    General Information

    Size
    12,179 SF
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Gerry Mccloskey
    Gerry Mccloskey
    Source: Moodyscre

    Listing Agent: Gerry Mccloskey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Fully Occupied Retail Building

    This is a 12,179 square foot building situated on a 0.15-acre lot. The property is zoned C (Commercial Retail / Office) and is currently fully occupied. The building is in excellent condition.
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Massapequa
    County
    Nassau
    State
    New York
    Longitude
    -73.462185
    Latitude
    40.700553

    Nearby Similar for Sale

    • $600,000
      Pending

      Charming Cape Cod Duplex

      Duplex in Massapequa School District with pool and garage.
      163 Massachusetts Ave, Massapequa, NY 11758
      View Details
    • $890,888

      Massapequa Freestanding Office Building For Sale

      Freestanding office building in Massapequa with parking and signage.
      190 Margaretta Ave, Massapequa, NY 11758
      View Details
    • $699,999

      Stunning Massapequa End Unit

      Rare preserve lot, finished basement, open layout, luxury upgrades.
      69 Warwick Dr, Massapequa, NY 11758
      View Details
    • $1,599,900

      Massapequa Retail Investment Opportunity

      Retail property in high-traffic Massapequa location with income potential.
      4342-4348 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,300,000

      Retail Building on Broadway

      2504 SF retail building on 0.532 acre lot.
      555 Broadway, Massapequa, NY 11758
      View Details
    • $3,350,000
      4,600 SF

      Medical Office Building For Sale

      Medical office building suitable for medical, retail, or office use.
      585 Broadway, Massapequa, NY 11758
      View Details
    • $4,000,000
      7,160 SF

      Massapequa 6-Store Shopping Center

      Six-store shopping center in Massapequa, New York, available for sale.
      1 Park Ln, Massapequa, NY 11758
      View Details
    • $1,100,000
      17,442 SF

      Auto Garage & Service Center

      Auto garage and service center on a 17,442 sq. ft. lot.
      5714 Old Sunrise Hwy, Massapequa, NY 11758
      View Details
    • $8,250,000
      12,800 SF

      Retail Property on Merrick Road

      Retail property available for sale on Merrick Road.
      4125 Merrick Rd, Massapequa, NY 11758
      View Details
    • $3,200,000
      5,304 SF

      Massapequa Retail Investment Opportunity

      Prime commercial property with stable tenant and luxury renovation.
      45 Carmans Rd, Massapequa, NY 11758
      View Details
    • $549,500

      Massapequa Commercial Office Space

      High-Visibility Office, Ample Parking
      5514 Merrick Rd, Massapequa, NY 11758
      View Details
    • $1,943,000
      3,599 SF

      Massapequa Retail Investment Opportunity

      High-traffic retail strip, strong income.
      4342 Merrick Rd, Massapequa, NY 11758
      View Details

    FAQs

    What type of property is this?
    Retail property - 12,179 Sq. Ft. fully occupied commercial building for sale.
    Where is this retail property located?
    The property is located at 898-896 N Broadway Massapequa, NY.
    What are key features of this property?
    This property features: - Fully occupied, providing immediate income.; - Building size: 12,179 sq. ft. of commercial space.; - Zoning: C (Commercial Retail / Office), offering versatile usage.
    (516) 810-4756
    Request Owner's contact information
    898-896 N Broadway Massapequa, NY 11758
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    898-896 N Broadway
    Massapequa, NY 11758
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    898-896 N Broadway Massapequa, NY 11758
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gerry Mccloskey
    Gerry Mccloskey
    (516) 810-4756
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.