Multi-Tenant Flex
For Sale
Contact for pricing
570 Broadway, Amityville, NY 11701
Configured for multiple occupants with on-site parking and a layout supporting industrial and commercial uses.
Property Size6,000 SF
Lot Size0.48 Acres
Price / SF$216.67
Days on Market157
Property Features for 570 Broadway
General Information
Standard status
Active
Size
6,000 SF
Class
C
Total Parking Spaces
21
Lot size
0.48 Acres
Property subtype
Office
Lease Type
Gross
Investment Type
Value Add
Building Details
Tenancy
Multi
Building Size
6,000 SF
Listing Agency:
Tripoint Real Estate
Listed By:
Christopher Cardenas · License #10491213447
Source:
Crexi
Added: Mar 30
Changed: Aug 30
Last Checked: Sep 2 at 12:54AM
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 Tripoint Real Estate
Investment Insights
Based on property information with market context.
Located at 570 Broadway in Amityville, this flex space comprises approximately 6,000 square feet on an approximately 0.48-acre parcel. The property is arranged for multi-tenancy, allowing the building to accommodate multiple occupants within a flexible industrial and commercial setting.
Approximately 21 parking spaces serve the property, adding practical support for daily operations and tenant access. The asset offers a combination of building area, parcel size, parking, and multi-tenant configuration in Suffolk County.
Approximately 21 parking spaces serve the property, adding practical support for daily operations and tenant access. The asset offers a combination of building area, parcel size, parking, and multi-tenant configuration in Suffolk County.
Key Highlights
- Approximately ±6,000 square feet on a ±0.48‑acre parcel
- Multi‑tenant configuration supports multiple occupants
- Approximately 21 parking spaces
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
$85,186
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
6.55%
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%
$1,703,720
$1.7M
Cap Rate 7%
$1,216,943
$1.2M
Cap Rate 9%
$946,511
$946.5K
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$7.9K −$1.32/SF
EGI
$121.7K $20.28/SF
− OpEx
−$36.5K −$6.08/SF
NOI
$85.2K $14.20/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$21.60 /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%
$1,703,720
Cap Rate 7%
$1,216,943
Cap Rate 9%
$946,511
Alternative Uses
Best Use
Industrial
$1.22M
$1.06M – $1.42M
NOI $85,186 @ 7.0% cap · market cap 6.55%
Second Best
Flex RnD
$993.0K
$868.9K – $1.16M
NOI $69,508 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,951 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Aiden Eateries — 145 Dixon Ave, Amityville, NY 11701
Frequently Asked Questions
What type of property is this?
Flex space - Configured for multiple occupants with on-site parking and a layout supporting industrial and commercial uses.
Where is this flex space located?
The property is located at 570 Broadway Amityville, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately ±6,000 square feet on a ±0.48‑acre parcel; Multi‑tenant configuration supports multiple occupants; Approximately 21 parking spaces
