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622 Broadway 2,200 SF 100% Leased Retail Building Amityville, NY 11701 $825,000 ($375/SF) 11.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! Prime Mixed Use Building/ Development Site On Route 110 For Sale!!!
- This Huge 17,000+ Sqft. Property Is Situated In The Heart Of Amityville On Busy Route 110 Just North Of Sunrise Highway!!
- The Property Has A Traffic Count Of 31,400+ Vehicles Per Day & The Entire Building Can Be Delivered Vacant If Need Be.
- The Property Features Great Exposure, Excellent Signage, High 8’ Ceilings, (480) Multiple Use Zoning, 18 Parking Spaces, Office, 2 Br. Apartment, ++!!
- Neighbors Include Starbucks, The Home Depot, Target, Mercedes-Benz, Kia, Nissan, 7-Eleven, Valero, Sunoco, McDonald's, Taco Bell, Pollo Campero, +++!!
- This Property Has HUGE Upside Potential!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! Prime Mixed Use Building/ Development Site On Route 110 For Sale!!! The Property Features Great Exposure, Excellent Signage, High 8’ Ceilings, (480) Multiple Use Zoning, 18 Parking Spaces, Office, (1) 2 Br. Apartment, (1) 1 Br. Apartment, (1) Studio Apt., Full Basement, Low Property Taxes, Private Driveway & Parking Lot, Large Fenced Yard, Strategically Placed Curb Cuts, 200 Amp Power, All New LED LIghting, +++!!! This Huge 17,000+ Sqft. Property Is Situated In The Heart Of Amityville On Busy Route 110 Just North Of Sunrise Highway!!! Neighbors Include Starbucks, The Home Depot, Target, Mercedes-Benz, Kia, Nissan, 7-Eleven, Valero, Sunoco, McDonald's, Taco Bell, Pollo Campero, KFC, Walgreens, Advance Auto Parts, T-Mobile, Red Lobster, Dollar Tree, +++!!! The Property Has A Traffic Count Of 31,400+ Vehicles Per Day!!! The Entire Building Can Be Delivered Vacant If Need Be. This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Fl. 2 Br. Apt.: $33,600 Ann. (Available)
2nd Fl. 1 Br. Apt.: $26,400 Ann. (Available)
3rd. Fl. Studio Apt.: $21,600 Ann. (Available)
1st Fl. Office (350 Sqft.): $22,800 Ann. (Available)
Full LL: $9,600 Ann. (Available)
Pro Forma Gross Income: $114,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,823 Ann.
Water: $800 Ann.
Taxes: $11,437.09 Ann.
Total Expenses: $15,310.09 Ann.
Pro Forma Net Operating Income (NOI): $98.689.91 Ann. (11.96% Cap!!!)
Income:
1st Fl. 2 Br. Apt.: $33,600 Ann. (Available)
2nd Fl. 1 Br. Apt.: $26,400 Ann. (Available)
3rd. Fl. Studio Apt.: $21,600 Ann. (Available)
1st Fl. Office (350 Sqft.): $22,800 Ann. (Available)
Full LL: $9,600 Ann. (Available)
Pro Forma Gross Income: $114,000 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,823 Ann.
Water: $800 Ann.
Taxes: $11,437.09 Ann.
Total Expenses: $15,310.09 Ann.
Pro Forma Net Operating Income (NOI): $98.689.91 Ann. (11.96% Cap!!!)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$114,000
|
$51.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,000
|
$51.82
|
| Taxes |
$11,437
|
$5.20
|
| Operating Expenses |
$3,873
|
$1.76
|
| Total Expenses |
$15,310
|
$6.96
|
| Net Operating Income |
$98,690
|
$44.86
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $51.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,000 |
| Annual Per SF | $51.82 |
| Taxes | |
|---|---|
| Annual | $11,437 |
| Annual Per SF | $5.20 |
| Operating Expenses | |
|---|---|
| Annual | $3,873 |
| Annual Per SF | $1.76 |
| Total Expenses | |
|---|---|
| Annual | $15,310 |
| Annual Per SF | $6.96 |
| Net Operating Income | |
|---|---|
| Annual | $98,690 |
| Annual Per SF | $44.86 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
2,200 SF
Building Class
C
Year Built
1964
Price
$825,000
Price Per SF
$375
Cap Rate
11.96%
NOI
$98,690
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.39 AC
Zoning
480 - Multiple Uses
Parking
18 Spaces (8.18 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0100-165-00-01-00-013-000 | Total Assessment | $3,050 (2024) |
| Land Assessment | $900 (2024) | Annual Taxes | $11,437 ($5.20/SF) |
| Improvements Assessment | $2,150 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0100-165-00-01-00-013-000
Land Assessment
$900 (2024)
Improvements Assessment
$2,150 (2024)
Total Assessment
$3,050 (2024)
Annual Taxes
$11,437 ($5.20/SF)
Tax Year
2025
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622 Broadway
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