For Sale
$1,100,000

134 BroadwayAmityville, NY 11701

Fully occupied, high-cap rate office building.

Overview

Added:
Dec 11, 2024
Days on market:
111
This exceptional investment opportunity presents a fully occupied, two-tenant office building situated at 134 Broadway in Amityville, NY. The property boasts 4,610 square feet of space, spread across two stories within a 1929-built, Class B building. The building sits on a 0.34-acre lot and offers ample parking with 16 on-site spaces. Currently operating at 100% occupancy, this stabilized investment generates a strong NOI of $59,028, translating to a compelling 5.37% cap rate. The asking price is $1,100,000, representing a price per square foot of $238.61. The property is zoned for commercial use and benefits from a gross lease structure. Its convenient location is a half-mile from the Amityville LIRR train station, providing easy access to public transportation, and enjoys close proximity to major roadways like Sunrise Highway and Merrick Road, ensuring excellent accessibility. The surrounding area offers a variety of neighborhood retail and amenities, enhancing the property's appeal and potential for future growth. The property's features include a fee simple ownership structure and the APN is 0101-005-00-07-00-010-000. This is a rare opportunity to acquire a stable, high-performing commercial property in a desirable location.

Highlights

  • $1,100,000 asking price for a stabilized Class B office building.
  • Fully occupied, multi-tenant (2 tenants) office building with 4,610 square feet.
  • Gross lease structure with a 5.37% cap rate and $59,028 NOI.
  • 16 on-site parking spaces.
  • Located 0.5 miles from Amityville Train Station, near Sunrise Hwy & Merrick Rd, with nearby retail amenities.

Property Details for 134 Broadway

Property type
Office properties
Square Feet
4,610 SF
Class
B
Year Built
1929
Buildings
1
Stories
2
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Amityville
County
Suffolk
State
New York
Latitude
40.67587402
Longitude
-73.41658133
134 Broadway, Amityville, New York

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134 Broadway
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