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8-18 Broadway

5,800 SF 100% Leased Retail Building Malverne, NY 11565 $1,925,000 ($332/SF) 5.99% Cap Rate

Mixed Use Properties New York Malverne 8-18 Broadway, Malverne, NY 11565

Investment Highlights

  • For Sale: Retail & Office Building in Malverne, NY
  • Within Walking Distance to the Malverne LIRR Train Station
  • *Please Do Not Speak with the Tenants*
  • Located off of Franklin Ave which has High Traffic Counts
  • Located a Half Mile from Several Shops and Restaurants in Malverne such as the Malverne Deli, Connolly Station Pub, Malverne Cinema, & More

Executive Summary

At this location is a fully-occupied retail and office building. This property is located off of Franklin Ave which has high traffic counts. The tenants contribute towards the RE taxes, they pay for their own utilities, & most tenants contribute towards the water as well. This is a great investment opportunity that is located within walking distance to the Malverne LIRR train station.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,800 SF
Building Class
C
Year Built
1929
Price
$1,925,000
Price Per SF
$332
Cap Rate
5.99%
NOI
$115,362
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.89
Land Acres
0.15 AC
Zoning
Commercial
1 of 1
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 2027-37-212-00-0424-0 Improvements Assessment $5,286
Land Assessment $1,654 Total Assessment $6,940

PROPERTY TAXES

Parcel Number
2027-37-212-00-0424-0
Land Assessment
$1,654
Improvements Assessment
$5,286
Total Assessment
$6,940
(516) 393-2300 x101

  • Listing ID: 33826435

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 8-18 Broadway, Malverne, NY 11565

More public record information on 8-18 Broadway, Malverne, NY 11565

The Retail Property at 8-18 Broadway, Malverne, NY 11565 is currently available For Sale. Contact American Investment Properties, Inc. for more information.

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8-18 Broadway
(516) 393-2300 x 101

8-18 Broadway

Ron Koenigsberg

(516) 393-2300

x101

(516) 393-2300 x101

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