Building Details

Year Built 1875

Buildings 1

Listing Agency: New Age Properties Inc Show Phone

Listed By: Kanwal M. Singh · License #31SI0828626 Show Phone

Source: Neilcharlesrealestate

Added: Oct 17 Changed: Oct 30 Last Checked: Oct 30 at 1:46AM

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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 New Age Properties Inc

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Investment Insights

Based on property information with market context.

This mixed-use commercial building contains 4,151 square feet and was built in 1875. The storefront has 14-foot finished ceilings, two skylights, and an EPDM roof. HVAC includes an updated system and a separate new system at the rear of the store.

Front and rear entrances provide access to the space, while a partial finished basement adds additional interior area. The property is zoned GB.

Key Highlights

• 4,151‑square‑foot mixed‑use commercial building
• 14' finished storefront ceilings with two skylights
• Updated HVAC system plus an additional new system at the rear of the store

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,284

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,145,680 $1.1M

Cap Rate 7%

$818,343 $818.3K

Cap Rate 9%

$636,489 $636.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,151 SF

Gross rent

$99.6K $24.00/SF

− Vacancy

−$8.0K −$1.92/SF

EGI

$91.7K $22.08/SF

− OpEx

−$34.4K −$8.28/SF

NOI

$57.3K $13.80/SF

Area

Nassau County, NY

Vacancy

8.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,145,680

Cap Rate 7%

$818,343

Cap Rate 9%

$636,489

Alternative Uses

Best Use

Healthcare Medical

$1.04M

$910.3K – $1.21M (±1% cap)

NOI $72,824 @ 7.0% cap · market cap 1,213.73%

Second Best

Office B

$1.02M

$892.2K – $1.19M (±1% cap)

NOI $71,378 @ 7.0% cap · market cap 1,189.63%

Theoretical Best

Specialty Retail

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $192,119 @ 7.0% cap · market cap 3,201.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon (Bike/Boat/Book/etc) Store Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,021

Businesses Nearby

Explore this area Business Placement

Demographics for 11801, NY

41,779

Population

13,068

Households

3.2

Avg Household Size

42

Median Age

44%

College-Educated

92%

High-School Grad

6.7 sq mi

ZIP Area

6,236

Density / Sq Mi

$147,945

Median Household Income

$54,052

Median Earnings

$2,992

Median Rent

$611,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A partial finished basement, dual entrances, and updated HVAC support a range of commercial configurations.

Where is this mixed-use property located?

The property is located at 79 Broadway Oyster Bay, NY.

What are key features of this property?

This property features: 4,151‑square‑foot mixed‑use commercial building; 14' finished storefront ceilings with two skylights; Updated HVAC system plus an additional new system at the rear of the store