Retail Building in Malverne, NY
$1,875,000
8 Broadway, Malverne, NY 11565
For Sale
Retail
Street Retail
Active
Last Updated: 03/13/2025
6.59
Cap Rate
123,652
NOI
Details:
Cap Rate: 6.59%
NOI: $123,652
Building Size: 5,800 sqft
Lot Area: 6,750 sqft
Occupancy: 100%
Class: C
Lease Type: Modified Gross
Year Built: 1929
Price Per Sqft: $323
Zoning: Commercial
Tenancy: Multiple
Gross Leaseable Area: 5,800
Investment Strategy: Opportunistic
Highlights:
- For Sale: Retail & Office Building in Malverne, NY
- Located off of Franklin Ave which has High Traffic Counts
- Within Walking Distance to the Malverne LIRR Train Station
- Located a Half Mile from Several Shops and Restaurants in Malverne such as the Malverne Deli, Connolly Station Pub, Malverne Cinema, & More
- *Please Do Not Speak with the Tenants*
Description:
American Investment Properties is retained to sell the property located at 8-18 Broadway, Malverne. 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.
Location
Gallery
