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    Property profile & analytics

    8 Broadway, Unit 14 Malverne, NY 11565-1633

    • Investment properties
    • 4,802 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-1938476
    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

    • Broadway Tavern / Bar

    Property Details for 8 Broadway

    Year built
    1929
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    4,802 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    37-212-00-0424
    APU
    37212000424

    Description

    This exceptional investment opportunity presents a fully occupied, six-unit retail storefront building situated at 8 Broadway in Malverne, NY, 11565. The property, built in 1929, boasts 5,800 square feet on a 6,750 square foot lot and is zoned for commercial use. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $115,362, representing a 6.00% cap rate on the asking price of $1,925,000 ($331.90 per square foot). The property benefits from a gross lease structure with multiple tenants, each contributing to real estate taxes, and most contributing to water expenses. Tenants are responsible for their own utilities. Rent increases of 3-4% are built into the leases, ensuring future income growth. The convenient location, within walking distance of the Malverne LIRR train station and a half-mile from various shops and restaurants, including the Malverne Deli, Connolly Station Pub, and Malverne Cinema, contributes to its strong tenant base and high traffic counts due to its proximity to Franklin Avenue. This fee-simple ownership offers a stable and attractive return on investment. The property's Asset Property Number (APN) is 2027-37-212-00-0424-0. Please note that direct communication with tenants is discouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Malverne
    County
    Nassau
    State
    New York
    Longitude
    -73.6738
    Latitude
    40.6728
    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
    $26,567
    $1,654
    $5,286
    $6,940
    -
    $0.00
    $0.00
    $694,000

    Comparable in this City

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      120-122 Broadway

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      288 Hempstead Ave

      STORE/OFFICE (MIXED USE) • 432 SF
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      116-118 Broadway

      STORE/OFFICE (MIXED USE) • 2,271 SF
      116-118 Broadway, Malverne, NY 11565
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    • Value Estimation by Request
      0.09 Acres

      Nassau Ave

      STORE/OFFICE (MIXED USE) • 0.09 Acres
      Nassau Ave, Malverne, NY 11565
      View Details
    • Value Estimation by Request
      1,190 SF

      114 Broadway

      STORE/OFFICE (MIXED USE) • 1,190 SF
      114 Broadway, Malverne, NY 11565-1635
      View Details

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    Malverne, NY 11565-1633
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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