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2261 Broad Hollow Rd
East Farmingdale, NY 11735
Citibank · Retail Property For Sale
PROPERTY FACTS
Amenities
- Signage
- Drive Thru
About 2261 Broad Hollow Rd , East Farmingdale, NY 11735
Stan Johnson Company, as exclusive agent, is proud to offer for sale to qualified investors the opportunity to acquire 2261 Broad Hollow Road in East Farmingdale, New York - a Citibank branch located within the New York Metropolitan area of Long Island in Suffolk County. This Citibank branch has a total NOI of $134,536.07 and a primary lease term of five-plus years remaining. The lease calls for annual rent increases on May 1 based upon the U.S. City Average CPI index (CPI-U), capped at 3% per annum. The first renewal option for this location is at fair market value (FMV) with the location operating significantly below current market rents. This freestanding, single-tenant bank branch has been in operation for over 25 years.
PROPERTY TAXES
| Parcel Number | 0100-002-00-01-00-021-000 | Improvements Assessment | $8,250 |
| Land Assessment | $10,960 | Total Assessment | $19,210 |
PROPERTY TAXES
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