Two-Building Office and Retail
For Sale
$4,300,000
29 & 21-23 Broadway, Lynbrook, NY 11563
Two-building office/multiuse property includes parking, central air, and a skylight on a commercially zoned lot.
Property Size28,164 SF
Price / SF$152.68
Days on Market51
Property Features for 29 & 21-23 Broadway
General Information
Standard status
Active
Size
28,164 SF
Total Parking Spaces
3000
Property subtype
Commercial
Additional Details
Traffic Count
20,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$63,255
Building Details
Year Built
1920
Stories
2
Listing Agency:
Coldwell Banker American Homes
(516) 992-2888
Listed By:
Aideen Duignan (aduignan@cbamhomes.com)
Source:
Iaquintarealestate
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 26 at 9:05AM
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
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
2,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
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?
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 $4,300,000.
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).
