Mixed-Use Building with
272 Broadway, Bethpage, NY 11714
For Sale
$1,400,000
Two renovated apartments, a ground-floor commercial unit, dedicated parking, and a detached garage support multiple occupancy types.
Property Size3,221 SF
Lot Size0.21 Acres
Price / SF$309.94
Days on Market95
Property Features for 272 Broadway
General Information
Standard status
Size
Net Rentable
Total Parking Spaces
Lot size
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
full basement
detached two-bay commercial garage
central air conditioning
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
OverSouth LLC
Listed By:
Usman Naeem
(917) 400-9512
Source:
Luxuryhomeny
Added: Aug 8
Changed: Nov 3
Last Checked: Nov 10 at 2:40PM
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 OverSouth LLC
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Investment Insights
Based on property information with market context.
This mixed-use building combines one ground-floor retail unit with two fully renovated two-bedroom apartments on the second level. The property provides approximately 6,125 sq. ft. of rentable space on a 9,000 sq. ft. lot, along with a full basement for storage. Residential units have gas-fired central heating and air conditioning, while the retail area and basement use oil-fired hot water heat with wall-mounted air conditioning units.
Located at 272 Broadway in Bethpage, NY, the property includes a detached two-bay commercial garage and a 12-car parking lot. Each unit has a separate electric meter, and the building is served by 200-amp electrical service. Tenants pay their own electric utilities, supporting distinct residential and commercial occupancy arrangements.
Located at 272 Broadway in Bethpage, NY, the property includes a detached two-bay commercial garage and a 12-car parking lot. Each unit has a separate electric meter, and the building is served by 200-amp electrical service. Tenants pay their own electric utilities, supporting distinct residential and commercial occupancy arrangements.
Key Highlights
- Mixed‑use building with 1 retail unit and 2 residential apartments
- Two renovated 2‑bedroom apartments on the second level
- Approximately 6,125 sq. ft. of rentable space on a 9,000 sq. ft. lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,450
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,789,000
$1.8M
Cap Rate 7%
$1,277,857
$1.3M
Cap Rate 9%
$993,889
$993.9K
Market Conditions
NOI Build-Up for 4,517 SF
Gross rent
$135.5K $30.00/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$127.8K $28.29/SF
− OpEx
−$38.3K −$8.49/SF
NOI
$89.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,789,000
Cap Rate 7%
$1,277,857
Cap Rate 9%
$993,889
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,450 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,572 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$2.99M
$2.61M – $3.48M
NOI $209,058 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
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Business Placement
Demographics for 11714, NY
22,989
Population
7,925
Households
2.9
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
5,474
Density / Sq Mi
$123,679
Median Household Income
$61,499
Median Earnings
$2,211
Median Rent
$586,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two renovated apartments, a ground-floor commercial unit, dedicated parking, and a detached garage support multiple occupancy types.
Where is this mixed-use property located?
The property is located at 272 Broadway Bethpage, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Mixed‑use building with 1 retail unit and 2 residential apartments; Two renovated 2‑bedroom apartments on the second level; Approximately 6,125 sq. ft. of rentable space on a 9,000 sq. ft. lot
