Freestanding Storefront
For Sale
$725,000
163 Broadway, Amityville, NY 11701
A dry-cleaning business currently occupies this standalone commercial property.
Property Size2,400 SF
Price / SF$302.08
Days on Market133
Property Features for 163 Broadway
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
1
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,833
Building Details
Building Size
2,400 SF
Year Built
1955
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Promise Realty LLC
(718) 445-0000
Listed By:
Ji Y. Hong
(516) 639-5453
Source:
Croninreale
Added: Jun 20
Changed: Oct 25
Last Checked: Oct 29 at 10:04PM
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 Promise Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding storefront property contains 2,400 square feet and was built in 1955. A dry-cleaning business occupies the building, providing an established commercial use.
The property is located at 163 Broadway in Amityville, along a commercial corridor.
The property is located at 163 Broadway in Amityville, along a commercial corridor.
Key Highlights
- 2,400‑square‑foot freestanding storefront building
- Occupied by a dry‑cleaning business
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,922
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
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
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 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 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.2K
$639.8K – $853.0K
NOI $51,181 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Southside Florist — 86 Broadway, Amityville, NY 11701
- South Shore Florist Inc — 86 Broadway, Amityville, NY 11701
Frequently Asked Questions
What type of property is this?
Storefront property - A dry-cleaning business currently occupies this standalone commercial property.
Where is this storefront property located?
The property is located at 163 Broadway Amityville, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,400‑square‑foot freestanding storefront building; Occupied by a dry‑cleaning business; Built in 1955
