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2261 Broad Hollow Rd
East Farmingdale, NY 11735

Citibank · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
3,602 SF
Building Class
C
Year Built
1963
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.10 AC
Zoning
G
Parking
56 Spaces (10 Spaces per 1,000 SF Leased)

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

PROPERTY TAXES

Parcel Number
0100-002-00-01-00-021-000
Land Assessment
$10,960
Improvements Assessment
$8,250
Total Assessment
$19,210
  • Listing ID: 10861790

  • Date on Market: 12/5/2017

  • Last Updated:

  • Address: 2261 Broad Hollow Rd, East Farmingdale, NY 11735

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