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For SaleLuxury

$4,300,000

106 days on market

29 & 21-23 Broadway

Lynbrook, NY 11563

View records
· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1920

Built

Listing narrative

Description

Attention All Investors, & Developers!!!, and End-Users! These 2 Buildings = 28,164 SQFT Office /Multiuse or Multi-Purpose Building on a Great lot in Lynbrook is now available for sale! The building offers exceptional signage, Total SQFT (31,101) Prime exposure, and strong zoning, with parking spaces, high ceilings, a skylight, and central air conditioning. Located in the heart of Lynbrook, just 2 blocks from the Lynbrook LIRR station, the property is ideally situated between Broadway & Merrick Road. Nearby neighbors include Starbucks, Audi, Acura, Volkswagen, Northwell Health, Bethpage Federal Credit Union, Dunkin', McDonald's, Enterprise Rent-A-Car, Stand-Up MRI, Karako Suits, Cold Stone Creamery, Regal Cinemas, White Castle, IHOP, KFC, and many more. With a daily traffic count of over 20,000 vehicles, this is a prime location for your next investment! Beautiful Invesment Opportunity, Great Traffic, Can Build Residential Homes up to 5-6 Stories and Tripple the NOI. Building #1 Gross Income $267,567 and Expenses is $40,135 Taxes $47,248 NOI = $180,184.00 its a LAW FIRM and next to it is Building #2 Collectibles Antique store Gross Income is $89,373 and Expenses is $13,406 and Taxes is $16,007 NOI = $59,960. Great Potential here as Owner is currently renting at Extremely Cheap rates now at $18.00 SQft and $8.00 SQft . Parking Lot for collectibles Included, Great Opportunity to Reconstruct for Mixed Use Developments and Residential uses Permitted above a certain floor level as its Commercial zoned for Any Multiple Use or Multi-Purpose.

Listing agent (MLS): Aideen Duignan · Listing brokerage (MLS): Coldwell Banker American Homes

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$4,300,000

Beds

Beds n/a

Type

House

Home Size

Sqft n/a

Baths

Baths n/a

Year

1920

Status

For Sale

Days on Market

106

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

Automated valuation estimate, not an appraisal. Value and range come from the connected property-data provider.

Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

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Courtesy of Coldwell Banker American Homes

29 & 21-23 Broadway, Lynbrook | Keller New York