1061 Broadway Massapequa, NY 11758-1853
Property profile & analytics
1061 Broadway Massapequa, NY 11758-1853
- Office buildings
- 3,150 SF
- 0.23 lot acres
Property ID
US63-0252076
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1061 Broadway
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 3,150 SF
- Property type
- Office buildings
- APN
- 52-527-00-0235
- APU
- 52527000235
Description
This 12,750 square foot commercial building in Massapequa, NY, presents a compelling investment opportunity. Located on N. Broadway, just five blocks from the Southern State Parkway, it boasts excellent visibility and high traffic counts (23,600+ vehicles daily). The property features 26 parking spaces in a private lot, high 10-foot ceilings, an elevator, all new LED lighting, sprinklers, and 3-phase power. The building is currently generating a substantial net operating income (NOI) of $293,756 annually (pro forma 10.31 cap), with a total gross income of $413,200. Current tenants include a medical office (2nd floor, $264,000 annual income, lease expiring 3/1/29), a gynecologist (1st floor, $51,600 annual income, lease expiring 1/1/26 with two 5-year options), and a medical lab (1st floor, $28,800 annual income, currently available). Additionally, there is 2,800 square feet of available space on the first floor for lease. Annual expenses include electricity ($2,400), insurance ($12,000), maintenance and repairs ($10,000), dumpster service ($3,600), elevator maintenance ($1,200), and taxes ($90,244.65). The property's strong zoning, excellent signage, and proximity to major retailers such as Starbucks, Verizon, UPS, Stop & Shop, CVS, Walgreens, and many others, make it an ideal investment for developers, investors, or end-users seeking a high-return property in a prime location. The building's current income stream, combined with the potential for increased rental income from the available space, offers significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $965,000
- 6.5%
- $890,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,016,000
Market price range: $118k - $1.29M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Massapequa
- County
- Nassau
- State
- New York
- Longitude
- -73.4614
- Latitude
- 40.7107
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,245
$1,816
$12,229
$14,045
-
$0.00
$0.00
$1,404,500
