Leased Two-Storefront Retail
For Sale
$1,300,000
137 Broadway, Huntington Station, NY 11746
COMMERCIAL - Huntington Station, NY
Property Size2,400 SF
Lot Size0.25 Acres
Price / SF$541.67
Days on Market146
Property Features for 137 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C6
Directions
Map Quest
Standard status
Active
APN
0400-147-00-02-00-078-000
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20152
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Building materials
Stucco
Listing Agency:
NYC Elite Homes Inc
(917) 539-3131
Listed By:
Muhammad Tariq
(917) 539-3131
Added: Mar 27
Changed: Aug 18
Last Checked: Aug 19 at 7:06AM
MLS# 977665
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 137 Broadway in Huntington Station, this 2,400 SF stucco retail building contains two fully leased storefronts. The property includes baseboard heating, wall/window cooling units, electricity available, public water, and public sewer. A private parking lot serves the building and provides approximately 25 parking spaces on the 0.25-acre parcel.
The property is positioned one minute from the Huntington LIRR station, providing direct proximity to commuter rail service. Its C6 commercial zoning supports the existing retail configuration, while any redevelopment or additional use would require verification with the Town of Huntington.
The property is positioned one minute from the Huntington LIRR station, providing direct proximity to commuter rail service. Its C6 commercial zoning supports the existing retail configuration, while any redevelopment or additional use would require verification with the Town of Huntington.
Key Highlights
- 2,400 SF stucco retail building with two fully leased storefronts
- 0.25‑acre parcel with a private parking lot
- Approximately 25 parking spaces
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
Yes
Paved road access
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 - Two occupied retail suites provide in-place rental income within a C6-zoned commercial property.
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 stucco retail building with two fully leased storefronts; 0.25‑acre parcel with a private parking lot; Approximately 25 parking spaces
