Multi-Storefront Retail
565 Broadway Oyster Bay, NY 11758
565 Broadway, Oyster Bay, NY, 11758
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For Sale
Contact for pricing
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 Market105
Property Features for 565 Broadway
General Information
- Standard status
- Active
- Size
- 3,780 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
Briante Realty Group
(845) 225-2020
Listed by
Angela Briante · License #NY 10491201787
Source
Crexi
Added: Apr 9 Updated: Jul 21 at 7:55AM Checked: Jul 21 at 7:55AM
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $30.00 |
| − Vacancy | −$6.5k | −$1.71 |
| EGI | $106.9k | $28.29 |
| − OpEx | −$32.1k | −$8.49 |
| NOI | $74.9k | $19.80 |
3,780 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Flowers By Edwards of Massepequa — 536 Broadway, Massapequa, NY 11758
- Tim's Florist — 1036 Park Blvd, Massapequa Park, NY 11762
- Little Shop of Flowers — 4736 Sunrise Hwy, Massapequa Park, NY 11758
FAQs
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.
