Multi-Storefront Retail
For Sale
Contact for pricing
565 Broadway, Oyster Bay, NY 11758
Three street-level retail storefronts with a large fenced rear lot and a garage, all with month-to-month tenants.
Property Size3,780 SF
Price / SF$244.71
Days on Market146
Property Features for 565 Broadway
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Briante Realty Group
(845) 225-2020
Listed By:
Angela Briante · License #NY 10491201787
Source:
Crexi
Added: Apr 9
Changed: Jul 21
Last Checked: Aug 14 at 7:42AM
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
Investment Insights
Based on property information with market context.
This for-sale commercial property features three retail storefronts configured along the front of the building, plus a large fenced-in lot and an attached garage area behind the structure. The rear outdoor space can support business uses such as parking, storage, outdoor display, or a contractor yard, and the property also notes potential for future development with Town approval. Public sewer and public water are available.
The building is highly visible on Broadway in Massapequa (Oyster Bay) and extends to Franklin Avenue. It is approximately 0.06 miles to Sunrise Highway and about 1 mile to Southern State Parkway, with provided traffic counts of 53,984 and 162,494, respectively. The listing also notes walking distance to the train at 0.22 miles.
All tenants are month to month. Reported rental income includes storefronts at 561, 563, and 565 Broadway, with the 565 unit (noted as a salon) currently vacant; the lot/garage is also separately listed for income. The remarks indicate the owner has only increased rent over the past 10 years to cover tax increases, with no NNN charges other than tax increases.
The building is highly visible on Broadway in Massapequa (Oyster Bay) and extends to Franklin Avenue. It is approximately 0.06 miles to Sunrise Highway and about 1 mile to Southern State Parkway, with provided traffic counts of 53,984 and 162,494, respectively. The listing also notes walking distance to the train at 0.22 miles.
All tenants are month to month. Reported rental income includes storefronts at 561, 563, and 565 Broadway, with the 565 unit (noted as a salon) currently vacant; the lot/garage is also separately listed for income. The remarks indicate the owner has only increased rent over the past 10 years to cover tax increases, with no NNN charges other than tax increases.
Key Highlights
- Prime Broadway commercial building with 3 street‑level retail storefronts at 561, 563, and 565 Broadway (plus lot/garage Broadway).
- Large fenced‑in rear lot extending to Franklin Avenue, plus a garage, for parking/storage/outdoor display/contractor yard or other uses.
- Public sewer and public water.
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Home Improvements & Furnishings 12%
7-Eleven
Shops & Services
5,115 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
805 visits/mo
0.4 miles
Maaco
Shops & Services
643 visits/mo
0.4 miles
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Little Shop of Flowers — 4736 Sunrise Hwy, Massapequa Park, NY 11758
- Flowers By Edwards of Massepequa — 536 Broadway, Massapequa, NY 11758
- Tim's Florist — 1036 Park Blvd, Massapequa Park, NY 11762
Frequently Asked Questions
What type of property is this?
Storefront property - Three street-level retail storefronts with a large fenced rear lot and a garage, all with month-to-month tenants.
Where is this storefront property located?
The property is located at 565 Broadway Oyster Bay, 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 Broadway commercial building with 3 street‑level retail storefronts at 561, 563, and 565 Broadway (plus lot/garage Broadway).; Large fenced‑in rear lot extending to Franklin Avenue, plus a garage, for parking/storage/outdoor display/contractor yard or other uses.; Public sewer and public water.
