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    8 Broadway, Unit 14 Malverne, NY 11565-1633
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    Property profile & analytics

    8 Broadway, Unit 14 Malverne, NY 11565-1633

    View on Map
    • Investment properties
    • 4,802 SF
    • 0.15 lot acres
    Off-Market
    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.
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Broadway Tavern / Bar & Pub

    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 Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,020,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $650,000
      Market price range: $134k - $2.11M

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

    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

    • Value Estimation
      $1,770,000
      7,800 SF

      360 Hempstead Ave, Unit 374

      STORE/OFFICE (MIXED USE) • 7,800 SF
      360 Hempstead Ave, Malverne, NY 11565-1210
      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
    • Value Estimation by Request
      340 SF

      125 Broadway

      STORE/OFFICE (MIXED USE) • 340 SF
      125 Broadway, Malverne, NY 11565-1634
      View Details
    • Value Estimation by Request
      0.05 Acres

      Church St

      STORE/OFFICE (MIXED USE) • 0.05 Acres
      Church St, Malverne, NY 11565
      View Details
    • Value Estimation
      $1,305,000
      9,060 SF

      356-358 Hempstead Ave

      STORE/OFFICE (MIXED USE) • 9,060 SF
      356-358 Hempstead Ave, Malverne, NY 11565
      View Details
    • Value Estimation
      $1,125,000
      4,120 SF

      77 Church St

      STORE/OFFICE (MIXED USE) • 4,120 SF
      77 Church St, Malverne, NY 11565-1726
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Storefront or Office with Basement

      Storefront or office space with a full, clean basement.
      16 Broadway, Malverne, NY 11565
      View Details
    • Contact for pricing
      0.16 Acres

      Storefront or Office with Basement

      Storefront or office space with a full, private basement.
      16 Broadway, Malverne, NY 11565
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Storefront or Office with Basement

      Storefront or office space with a full, private basement.
      16 Broadway, Malverne, NY 11565
      View Details
    • Contact for pricing
      900 SF

      Retail Space with Large Parking

      Retail space featuring a large parking lot and great exposure.
      360-374 Hempstead Ave, Malverne, NY 11565
      View Details
    • $2,700 /Mo
      6,752 SF

      Storefront/Office Space with Basement

      Storefront or office space for rent with full basement.
      16 Broadway, Malverne, NY 11565
      View Details
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    Malverne, NY 11565-1633
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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