Two-Building Office and Retail
29 & 21-23 Broadway Lynbrook, NY 11563
29 & 21-23 Broadway, Lynbrook, NY, 11563
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For Sale
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Two-building office/multiuse property includes parking, central air, and a skylight on a commercially zoned lot.
Property Size28,164 SF
Price / SF$166.88
Days on Market20
Property Features for 29 & 21-23 Broadway
General Information
- Standard status
- Active
- Size
- 28,164 SF
- Property subtype
- Retail, Special Purpose, Office
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker American Homes
Listed by
Aideen Duignan
Source
Crexi
Added: Jul 2 Updated: Jul 10 at 2:14PM Checked: Jul 17 at 10:17AM
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 Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
This offering consists of two buildings totaling 31,101 square feet on a single lot, configured for office and multi-purpose use. The buildings feature parking spaces, high ceilings, a skylight, and central air conditioning, with signage suited to street-facing retail visibility. Building #1 is currently leased to a law firm, and Building #2 is leased to a collectibles antique store. A parking lot for the collectibles building is included.
The property is located in the heart of Lynbrook, about two blocks from the Lynbrook LIRR station, positioned between Broadway and Merrick Road. The remarks also cite daily traffic of over 20,000 vehicles, with nearby businesses including Starbucks, Dunkin', McDonald’s, Regal Cinemas, Northwell Health, and several auto and financial services.
Financial figures provided in the remarks show Building #1 with gross income of $267,567 and expenses/taxes of $40,135/$47,248, for NOI of $180,184. Building #2 shows gross income of $89,373 with expenses/taxes of $13,406/$16,007, for NOI of $59,960. The commercial zoning is described as allowing any multiple use or multi-purpose, and residential development is described as permitted above a certain floor level, up to 5–6 stories.
The property is located in the heart of Lynbrook, about two blocks from the Lynbrook LIRR station, positioned between Broadway and Merrick Road. The remarks also cite daily traffic of over 20,000 vehicles, with nearby businesses including Starbucks, Dunkin', McDonald’s, Regal Cinemas, Northwell Health, and several auto and financial services.
Financial figures provided in the remarks show Building #1 with gross income of $267,567 and expenses/taxes of $40,135/$47,248, for NOI of $180,184. Building #2 shows gross income of $89,373 with expenses/taxes of $13,406/$16,007, for NOI of $59,960. The commercial zoning is described as allowing any multiple use or multi-purpose, and residential development is described as permitted above a certain floor level, up to 5–6 stories.
Key Highlights
- Two‑building office/multiuse property totaling 31,101 SF on a commercial zoned lot (Year Built: 1920).
- Building #1: 28,164 SF; includes high ceilings, skylight, and central air; gross income $267,567, expenses $40,135, taxes $47,248 (NOI $180,184).
- Building #2: collectibles/antique store; gross income $89,373, expenses $13,406, taxes $16,007 (NOI $59,960).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of Jonathan ...
Law Firm
TreasureLand
(Bike/Boat/Book/etc) Store
Integrity Capital Group
Financial Advisor
The Andersen Firm
Law Firm
John Santora Law ...
Law Firm
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FAQs
What type of property is this?
Office building - Two-building office/multiuse property includes parking, central air, and a skylight on a commercially zoned lot.
Where is this office building located?
The property is located at 29 & 21-23 Broadway Lynbrook, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Two‑building office/multiuse property totaling 31,101 SF on a commercial zoned lot (Year Built: 1920).; Building #1: 28,164 SF; includes high ceilings, skylight, and central air; gross income $267,567, expenses $40,135, taxes $47,248 (NOI $180,184).; Building #2: collectibles/antique store; gross income $89,373, expenses $13,406, taxes $16,007 (NOI $59,960).
