Renovated Medical Office with
For Sale
$950,000
209 Broadway, Amityville, NY 11701
Accessible two-level professional space includes finished treatment and office areas.
Property Size3,750 SF
Days on Market65
Property Features for 209 Broadway
General Information
Standard status
Active
Size
3,750 SF
Elevators
Yes
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,851
Amenities
interior passenger elevator
full ADA compliance
front street parking
municipal rear parking
Building Details
Building Size
3,750 SF
Year Built
1960
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Real Broker NY LLC
(631) 553-7783
Listed By:
Jennifer B. Ronzo E-PRO PSA SRS SR
(631) 553-7783
Source:
Maurafinnegan
Added: Jun 25
Changed: Aug 28
Last Checked: Aug 25 at 9:23AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This medical office property combines a 1,875-square-foot main level with a finished basement configured for additional exam rooms, offices, records storage, and staff functions. The layout includes 8+ exam-style rooms, 2 half bathrooms, and an interior passenger elevator, with sink and vanity provisions in basement treatment areas plus sink, laundry, and dishwasher hookups for staff use. Full ADA compliance supports accessible professional operations, while the renovated facade presents a refreshed exterior.
The property is located at 209 Broadway in Amityville Village, along the Route 110 corridor. Front street parking and municipal parking at the rear are included. The space is suited to medical, therapy, wellness, and professional service operations requiring a multi-level layout and accessible circulation.
The property is located at 209 Broadway in Amityville Village, along the Route 110 corridor. Front street parking and municipal parking at the rear are included. The space is suited to medical, therapy, wellness, and professional service operations requiring a multi-level layout and accessible circulation.
Key Highlights
- 1,875 SF main‑level medical office space
- Finished basement with additional exam and office rooms
- 8+ exam‑style rooms and 2 half bathrooms
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
$73,316
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
7.72%
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%
$1,466,320
$1.5M
Cap Rate 7%
$1,047,371
$1.0M
Cap Rate 9%
$814,622
$814.6K
Market Conditions
NOI Build-Up for 3,750 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
$112.5K $30.00/SF
− Vacancy
−$7.8K −$2.07/SF
EGI
$104.7K $27.93/SF
− OpEx
−$31.4K −$8.38/SF
NOI
$73.3K $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%
$1,466,320
Cap Rate 7%
$1,047,371
Cap Rate 9%
$814,622
Alternative Uses
Best Use
Retail
$1.05M
$916.5K – $1.22M
NOI $73,316 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$921.2K
$806.0K – $1.07M
NOI $64,483 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.14M
$999.6K – $1.33M
NOI $79,970 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Accessible two-level professional space includes finished treatment and office areas.
Where is this medical office space located?
The property is located at 209 Broadway Amityville, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,875 SF main‑level medical office space; Finished basement with additional exam and office rooms; 8+ exam‑style rooms and 2 half bathrooms
