Corner Storefront Retail
For Sale
Contact for pricing
777 Broadway, Amityville, NY 11701
The property is zoned E Business and includes dedicated on-site parking.
Property Size2,806 SF
Price / SF$445.47
Days on Market161
Property Features for 777 Broadway
General Information
Standard status
Active
Size
2,806 SF
Property subtype
Retail
Zoning
E Business
Additional Details
Corner Location
Yes
Building Details
Year Built
1949
Buildings
1
Stories
1
Listing Agency:
North Village Realty
Listed By:
Thomas Bigansky · License #NY 10491210989
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 3:54PM
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 North Village Realty
Investment Insights
Based on property information with market context.
This 2,806 SF storefront retail building was constructed in 1949 and occupies a corner parcel at the signalized intersection of North Broadway and Cheyenne Trail. The site includes dedicated on-site parking and is zoned E Business.
The property is directly adjacent to the Greybarn mixed-use development, which includes 500 residential units and 45,000 SF of retail space. Its placement beside this substantial residential and commercial project provides a defined setting for retail or service-oriented occupancy.
The property is directly adjacent to the Greybarn mixed-use development, which includes 500 residential units and 45,000 SF of retail space. Its placement beside this substantial residential and commercial project provides a defined setting for retail or service-oriented occupancy.
Key Highlights
- 2,806 SF storefront retail building constructed in 1949
- Corner parcel at the signalized intersection of North Broadway and Cheyenne Trail
- Dedicated on‑site parking
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
$54,860
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
4.39%
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%
$1,097,200
$1.1M
Cap Rate 7%
$783,714
$783.7K
Cap Rate 9%
$609,556
$609.6K
Market Conditions
NOI Build-Up for 2,806 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
$84.2K $30.00/SF
− Vacancy
−$5.8K −$2.07/SF
EGI
$78.4K $27.93/SF
− OpEx
−$23.5K −$8.38/SF
NOI
$54.9K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
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%
$1,097,200
Cap Rate 7%
$783,714
Cap Rate 9%
$609,556
Alternative Uses
Best Use
Retail
$783.7K
$685.8K – $914.3K
NOI $54,860 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.8K
$748.0K – $997.3K
NOI $59,839 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
97k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 26%
Groceries 16%
Beauty & Spa 3%
McDonald's
Dining
32,272 visits/mo
0.2 miles
Key Food
Groceries
15,719 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,627 visits/mo
0.3 miles
Dunkin' Donuts
Dining
12,473 visits/mo
0.3 miles
KFC
Dining
8,577 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The property is zoned E Business and includes dedicated on-site parking.
Where is this storefront property located?
The property is located at 777 Broadway Amityville, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,806 SF storefront retail building constructed in 1949; Corner parcel at the signalized intersection of North Broadway and Cheyenne Trail; Dedicated on‑site parking
