Retail Building with Rear
For Sale
$925,000
565 BROADWAY, Massapequa, NY 11758
Storefront building with three retail bays plus a fenced rear lot and garage, with month-to-month tenants.
Property Size3,780 SF
Price / SF$244.71
Days on Market139
Property Features for 565 BROADWAY
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Retail
Site & Location
Traffic Count
53,984 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$33,045
Amenities
Central Air
3
Corner Lot.
Level
Corner, Level.
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Briante Realty Group, LLC
(914) 806-1950
Listed By:
Angela Briante · License #10491201787
(914) 806-1950
Source:
Xome
Added: Apr 8
Changed: Aug 24
Last Checked: Aug 14 at 7:30AM
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 Briante Realty Group, LLC
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a front retail structure configured with three storefronts at 561, 563, and 565 Broadway. There is also a large fenced-in lot behind the building and a garage, creating additional income opportunities or flexibility for other uses. All current tenants are month-to-month.
The property spans from Broadway to Franklin Avenue and is highly visible on Broadway. Public sewer and public water are available. Access and exposure are supported by proximity to Sunrise Highway and Southern State Parkway, and the train is within walking distance.
Rental income is reported for 561, 563, and 565 Broadway (with 565 currently vacant, previously operated as a salon through December 2025), plus income associated with the lot/garage. The note states there are no NNN charges aside from tax increases. The seller also highlights the potential for a residential building lot with Town approval.
The property spans from Broadway to Franklin Avenue and is highly visible on Broadway. Public sewer and public water are available. Access and exposure are supported by proximity to Sunrise Highway and Southern State Parkway, and the train is within walking distance.
Rental income is reported for 561, 563, and 565 Broadway (with 565 currently vacant, previously operated as a salon through December 2025), plus income associated with the lot/garage. The note states there are no NNN charges aside from tax increases. The seller also highlights the potential for a residential building lot with Town approval.
Key Highlights
- Prime commercial property on Broadway in Massapequa with 3 retail storefronts (addresses 561, 563, 565 Broadway).
- Includes a large fenced‑in rear lot extending to Franklin Avenue plus a garage; rear space can be used for parking/storage or other uses.
- Month‑to‑month tenants in all retail spaces; current rental income includes 561 ($23,520), 563 ($31,468), and 565 ($35,005).
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
$74,855
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
8.09%
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%
$1,497,100
$1.5M
Cap Rate 7%
$1,069,357
$1.1M
Cap Rate 9%
$831,722
$831.7K
Market Conditions
NOI Build-Up for 3,780 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
$113.4K $30.00/SF
− Vacancy
−$6.5K −$1.71/SF
EGI
$106.9K $28.29/SF
− OpEx
−$32.1K −$8.49/SF
NOI
$74.9K $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 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%
$1,497,100
Cap Rate 7%
$1,069,357
Cap Rate 9%
$831,722
Alternative Uses
Best Use
Retail
$1.07M
$935.7K – $1.25M
NOI $74,855 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $174,948 @ 7.0% cap · market cap 18.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
53,984 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11758, NY
54,226
Population
19,297
Households
2.8
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
4,519
Density / Sq Mi
$157,404
Median Household Income
$72,947
Median Earnings
$2,153
Median Rent
$624,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building with three retail bays plus a fenced rear lot and garage, with month-to-month tenants.
Where is this storefront property located?
The property is located at 565 BROADWAY Massapequa, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Prime commercial property on Broadway in Massapequa with 3 retail storefronts (addresses 561, 563, 565 Broadway).; Includes a large fenced‑in rear lot extending to Franklin Avenue plus a garage; rear space can be used for parking/storage or other uses.; Month‑to‑month tenants in all retail spaces; current rental income includes 561 ($23,520), 563 ($31,468), and 565 ($35,005).
