Project Description

For Sale: Medical Office Building in Massapequa, New York

680 Broadway, Massapequa, New York 11758

Executive Summary:

Price: $769,000
Building Size: 3,375 SF
Property Type: Medical Office
Lot Size: 0.14 Acres
Year Built: 1966
Cap Rate: 6.50%
NOI: $49,955
Location: 680 Broadway
Massapequa, NY 11758

Property Highlights

  • Property is a Converted Residence to Medical Office
  • Near Transportation Options Including Buses & Train Station
  • Features Paved On-Site Parking & Street parking
  • Great Opportunity For An End-User

Property Overview

American Investment Properties is retained to sell 680 Broadway in Massapequa, New York. At this location you’ll find a converted medical office property. This is a great opportunity for an end-user.

For investors, the first floor tenant is paying under market rents. There is potential to increase rents and income (as reflected in the proforma).

For commuters, this building provides paved on-site parking for convenience and safety. For others, there is ample street parking available. Public transportation for this location is the N55 bus line and the Massapequa Long Island Rail Road Station.

680 Broadway is approximately 3,375 SF of space and sits on 0.14 acres of land.

About Massapequa, New York

Massapequa is a hamlet and census-designated place located in Nassau County, on the South Shore of Long Island, New York. It is within the Town of Oyster Bay. The former and merged names include South Oyster Bay but were changed when the Long Island Railroad placed the sign contradicting the original name.

Notable residents living in Massapequa include the Baldwin brothers — Alec, Daniel, Stephen and William (actors), Gary Baldinger (former football player), Anthony Pappalardo (Pro Skateboarder), Steve Labriola (town clerk), and Jerry Seinfeld (comedian).

The community is served by Massapequa School District which has six Elementary schools [Grades K-6], one Middle School [Grades 7-8], one Pre-High School [Grade 9], and one High School [Grades 10-12]. The District has an Adult Education Office at the High School location.

There are also several houses of worships in the area such as Methodist, Nazarene, and Baptist, Episcopal, Lutheran and Presbyterian denominations represented in its over 10 Churches. The John J. Burns Town Park and the Marjorie R. Post Community Park are 2 popular attractions in town to relax.

Plus, there are 2 beaches in Massapequa including Florence Avenue and Tobay which hosts the JFK Memorial Wildlife Sanctuary.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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