Corner Retail Building with
For Sale
$1,300,000
137 Broadway, Huntington Station, NY 11746
Corner retail building with two fully leased stores and a private parking lot for approximately 15–20 vehicles.
Property Size2,400 SF
Lot Size0.25 Acres
Price / SF$541.67
Days on Market166
Property Features for 137 Broadway
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
20
Lot size
0.25 Acres
Property subtype
Commercial
Zoning
C6
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$20,152
Building Details
Building Size
2,400 SF
Tenancy
Multi
Listing Agency:
NYC Elite Homes Inc
Listed By:
Muhammad Tariq
(917) 539-3131
Source:
Maurafinnegan
Added: Mar 27
Changed: Sep 8
Last Checked: Sep 8 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NYC Elite Homes Inc
Investment Insights
Based on property information with market context.
This prime corner commercial property includes a 2,400 SF building currently configured as two fully leased retail stores. The 0.25-acre lot features a private parking lot with approximately 15–20 parking spaces. The property is zoned commercial, with redevelopment potential that should be verified with the Town of Huntington.
Located on Broadway in Huntington Station, the site is described as being about one minute from the Huntington LIRR station and benefits from excellent visibility. The public remarks also note strong traffic counts and an area undergoing downtown revitalization.
With two separate retail tenants in place, the building offers a straightforward retail setup alongside dedicated on-site parking. BikeScore and walkScore are listed as 62 and 76 respectively, with a transitScore of 39 in the available materials.
Located on Broadway in Huntington Station, the site is described as being about one minute from the Huntington LIRR station and benefits from excellent visibility. The public remarks also note strong traffic counts and an area undergoing downtown revitalization.
With two separate retail tenants in place, the building offers a straightforward retail setup alongside dedicated on-site parking. BikeScore and walkScore are listed as 62 and 76 respectively, with a transitScore of 39 in the available materials.
Key Highlights
- 2,400 SF corner commercial building with two fully leased retail stores
- 0.25‑acre lot includes a private parking lot for approximately 15–20 vehicles
- Located about one minute from the Huntington LIRR station
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,922
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,440
$938.4K
Cap Rate 7%
$670,314
$670.3K
Cap Rate 9%
$521,356
$521.4K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $30.00/SF
− Vacancy
−$5.0K −$2.07/SF
EGI
$67.0K $27.93/SF
− OpEx
−$20.1K −$8.38/SF
NOI
$46.9K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,440
Cap Rate 7%
$670,314
Cap Rate 9%
$521,356
Alternative Uses
Best Use
Retail
$670.3K
$586.5K – $782.0K
NOI $46,922 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.2K
$639.8K – $853.0K
NOI $51,181 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,492 visits/mo
0.3 miles
Signarama
Shops & Services
1,485 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
829 visits/mo
0.3 miles
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail building with two fully leased stores and a private parking lot for approximately 15–20 vehicles.
Where is this storefront property located?
The property is located at 137 Broadway Huntington Station, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,400 SF corner commercial building with two fully leased retail stores; 0.25‑acre lot includes a private parking lot for approximately 15–20 vehicles; Located about one minute from the Huntington LIRR station
