Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $785,000
    Investment properties

    1244 Broadway, Hewlett, NY 11557-1917

    3,750 SF 0.24 ac lot Built 1960
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US63-2134471
    Property summary
    AI-generated overview

    This exceptional 3,750 square foot retail building presents a remarkable investment opportunity in the thriving Hewlett, NY market. Situated on a prominent corner lot at the intersection of West Broadway, Hewlett Parkway, and Mill Road, this property boasts unparalleled visibility and accessibility. The building currently operates as a dry cleaner, generating rental income, although the tenant is month-to-month and does not have a formal lease. The substantial 30-space parking lot caters to both tenants and customers, ensuring ample convenience. This multi-use building offers significant potential for redevelopment or continued operation as a retail space. Its location within the highly desirable Hewlett-Woodmere School District adds to its appeal. The property's buildable nature presents exciting possibilities for expansion or the construction of new structures, making it an ideal acquisition for builders and investors seeking a prime location with high traffic volume. The absence of a long-term lease provides flexibility for future plans. This is a rare opportunity to acquire a well-situated, income-generating property with substantial upside potential in a sought-after area. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1960
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,750 SF
    Lot 0.24 ac (10,302 SF)
    APN 39-569-00-0512
    UPID US63-2134471
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cedarwood Cleaners (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $795k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $785k
    Owner & transaction history
    1244 West Broadway Prop LLC · 9 yrs held
    1244 West Broadway Prop LLC
    since 2017
    1 recorded transaction
    2017
    $25,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1244 Broadway?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message