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Property profile & analytics

255 Broadway Hicksville, NY 11801-2900

  • Banks
  • 7,444 SF
  • 3.59 lot acres
OFF-MARKET
Last Sale
May 23, 2022
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US63-3154795
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.

Current Use by Public Records

  • Shaheen Restaurant / Pakistani Restaurant / Asian Restaurant
  • Citi ATM / Atm
  • Citi / Bank

Property Details for 255 Broadway

Year built
1981
Lot size
3.59 lot acres
Property size
7,444 SF
Property type
Banks
APN
12-00B-00-0170
APU
1200B000170

Description

This exceptional investment opportunity presents a 3,536-square-foot retail property currently leased to Citibank in Hicksville, New York. Located at 255 N Broadway, this single-tenant, absolute NNN (triple net) lease boasts a 7.00% cap rate and a strong NOI of $285,000. The property sits on a 0.68-acre lot and features a single building constructed in 1981. The lease, with a remaining term of approximately 3.1 years, expires September 30, 2027, and includes one 5-year renewal option at fair market value, extending the potential occupancy to 2032. The tenant, Citibank, has a long history at this location, occupying the premises for over 40 years, providing a stable and predictable income stream. This investment-grade tenant offers significant security and potential for future appreciation. The lease is corporately guaranteed, eliminating landlord responsibilities. This is a rare opportunity to acquire a well-located, high-performing asset in a strong New York MSA market with a below-market rent and significant upside potential through future rent bumps at fair market value. The property's excellent access and visibility further enhance its investment appeal. This offering provides a compelling combination of stability, growth potential, and a strong return on investment. The property is situated in Nassau County, NY, zip code 11801. 100% occupancy ensures immediate cash flow.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Hicksville
County
Nassau
State
New York
Longitude
-73.5282
Latitude
40.777
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
$233,167
$30,626
$980
$31,606
-
$0.00
$0.00
$3,160,600
More about this property
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