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163 Broadway 2,400 SF Retail Building Amityville, NY 11701 $825,000 ($343.75/SF) 5.65% Cap Rate
Executive Summary
Rare opportunity to acquire a well-located freestanding commercial building in the heart of Amityville. The property is occupied by a long-established dry-cleaning business that has served the local community for many years, providing stable occupancy and a proven operating history.
Positioned along Broadway, one of the area's primary commercial corridors, the property benefits from excellent visibility, consistent vehicle traffic, and convenient access to major roadways serving both local residents and commuters. The surrounding neighborhood features a mix of established residential communities, neighborhood retail, professional services, and dining destinations, creating a strong customer base for local businesses. Contact Ji Young Hong 516-639-5453
In addition to its current use, the property may present future mixed-use redevelopment or expansion opportunities, subject to zoning regulations and municipal approvals, providing investors with both current utility and long-term upside potential.
Positioned along Broadway, one of the area's primary commercial corridors, the property benefits from excellent visibility, consistent vehicle traffic, and convenient access to major roadways serving both local residents and commuters. The surrounding neighborhood features a mix of established residential communities, neighborhood retail, professional services, and dining destinations, creating a strong customer base for local businesses. Contact Ji Young Hong 516-639-5453
In addition to its current use, the property may present future mixed-use redevelopment or expansion opportunities, subject to zoning regulations and municipal approvals, providing investors with both current utility and long-term upside potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,400 SF
Building Class
C
Year Built
1955
Price
$825,000
Price Per SF
$343.75
Cap Rate
5.65%
NOI
$46,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.07 AC
Parking
1 Spaces (0.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0101-005-00-08-00-021-000 | Total Assessment | $6,210 |
| Land Assessment | $1,670 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,540 | Tax Year | 2025 |
Property Taxes
Parcel Number
0101-005-00-08-00-021-000
Land Assessment
$1,670
Improvements Assessment
$4,540
Total Assessment
$6,210
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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