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42-46 Broadway, Rocky Point, NY 11778, USA Broadway 9,707 SF 100% Leased Retail Building Rocky Point, NY 11778 $1,952,258 CAD ($201.12 CAD/SF) 12.55% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!!
- The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!!
- The Property Has 65’ Of Frontage On Broadway + 100’ Of Frontage On Eagle Road!!!
- The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9’ Ceilings, J-2 Zoning, 4 Lots, 200 Amp Power, +++!
- Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin’, 7-Eleven, Teachers Federal Credit Union, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 12.55 Cap 9,700+ Sqft. 4 Unit Mixed-Use Property With Huge Parking Lot For Sale!!! The Building Features Excellent Signage, Great Exposure, Restaurant, Bar, 32 Parking Spaces, High 9’ Ceilings, J-2 Zoning, 4 Lots, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Rocky Point On Broadway Only 2 Blocks From Route 25A!!! Neighbors Include Starbucks, Tesla, Stop & Shop, Public Storage, Planet Fitness, CVS, Dunkin’, 7-Eleven, Teacher’s Federal Credit Union, Tropical Smoothie Cafe, Kohl’s, Costello Ace Hardware, Mavis Discount Tire, McDonald’s, Jiffy Lube, Jersey Mike’s Subs, Trader Joe’s, +++!!! The Property Has 65’ Of Frontage On Broadway + 100’ Of Frontage On Eagle Road!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035.
Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031.
1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M.
Studio Apt. (400 Sqft.): $21,600 Ann. (Available)
Parking Lot/Yard: $24,000 Ann. (Available)
Bar Tax Rebate: $21,600 Ann.
Greek Restaurant Tax Rebate: $7,000 Ann.
Pro Forma Gross Income: $227,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,823 Ann.
Water: $0 Ann.
Taxes: $27,625.79 Ann.
Total Expenses: $31,698.79 Ann.
Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)
Income:
Bar/Restaurant (3,600 Sqft. + 1,000 Sqft. LL): $106,800 Ann.; Lease Exp.: 3/1/2035.
Greek Restaurant (1,307 Sqft.): $22,800 Ann.; Lease Exp.: 2031.
1 Br. Apt. (1,000 Sqft.): $24,000 Ann.; M-M.
Studio Apt. (400 Sqft.): $21,600 Ann. (Available)
Parking Lot/Yard: $24,000 Ann. (Available)
Bar Tax Rebate: $21,600 Ann.
Greek Restaurant Tax Rebate: $7,000 Ann.
Pro Forma Gross Income: $227,800 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $3,823 Ann.
Water: $0 Ann.
Taxes: $27,625.79 Ann.
Total Expenses: $31,698.79 Ann.
Net Operating Income (NOI): $196,101.21 (Pro Forma 14.01% Cap!!!)
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$289,213
|
$29.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$289,213
|
$29.79
|
| Taxes |
$38,522
|
$3.97
|
| Operating Expenses |
$5,680
|
$0.59
|
| Total Expenses |
$44,202
|
$4.55
|
| Net Operating Income |
$245,011
|
$25.24
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $289,213 |
| Annual Per SF | $29.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $289,213 |
| Annual Per SF | $29.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,522 |
| Annual Per SF | $3.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,680 |
| Annual Per SF | $0.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $44,202 |
| Annual Per SF | $4.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $245,011 |
| Annual Per SF | $25.24 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,707 SF
Building Class
C
Year Built
1975
Price
$1,952,258 CAD
Price Per SF
$201.12 CAD
Cap Rate
12.55%
NOI
$245,008 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.40 AC
Zoning
J-2
Parking
32 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
65’ on Broadway
Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $6,947 CAD | |
| Land Assessment | $587 CAD | Annual Taxes | $38,522 CAD ($3.97 CAD/SF) |
| Improvements Assessment | $6,361 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$587 CAD
Improvements Assessment
$6,361 CAD
Total Assessment
$6,947 CAD
Annual Taxes
$38,522 CAD ($3.97 CAD/SF)
Tax Year
2025
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42-46 Broadway, Rocky Point, NY 11778, USA Broadway
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