Mixed-Use Building in Massapequa, NY

26-28 BROADWAY, MASSAPEQUA, NEW YORK 11758

Executive Summary:

Price:	$1,449,000
Building Size:	4,160 SF
Property Type:	Mixed-Use
Lot Size:	0.09 Acres
Year Built:	1952
Cap Rate:	5.27%
NOI:	$76,352
Location:	26-28 Broadway, Massapequa, NY 11758

Investment Highlights

Fully-Occupied Retail & Residential Building
Commercial Tenants Each Have 3% Annual Increases in Rent & (1) Five-Year Option
All Tenants Pay for Utilities & Heat
Separately Metered
Walking Distance to Sunrise Hwy & the Massapequa LIRR Train Station
Close Proximity to the n54, n55, and n80 Bus Lines
Surrounded by Other Neighborhood Retail

Investment Summary

American Investment Properties is retained to sell the property located at 26-28 Broadway, Massapequa. At this location is a fully-occupied retail & residential building in which all tenants pay for the utilities & heat. The commercial tenants each have 3% annual increases in rent & (1) five-year option. This property is located within walking distance of Sunrise Hwy & the Massapequa LIRR train station.

About Massapequa, NY

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.