349-355 Broadway 21 531 pi² 100% Loué Commerce de détail Immeuble Amityville, NY 11701 9 016 891 $ CAD (418,79 $ CAD/pi²) 7,25% Taux de capitalisation

Silber Investment Properties is pleased to present 355 Broadway (Rte. 110), a 21,490 SF multi-tenant neighborhood shopping center located on Long Island's heavily traveled Route 110 corridor in Amityville. Priced at $6,475,000 at a 7.25% CAP rate, this offering represents a leasehold interest with a purchase option and produces a Net Operating Income of $468,962. The center is anchored by Dollar Tree and features a stable, service-oriented tenant roster including Dunkin', Teachers Federal Credit Union, HearUSA, City RX Pharmacy, a nail salon, and a longstanding pizza restaurant — a mix that generates the daily grocery, service, and quick-serve trips that neighborhood retail depends on. Built in 1996 on 1.78 acres with parking for 100+ vehicles, the property benefits from a dedicated traffic light plus secondary access to Dixon Avenue and sits at the heart of a Broadway corridor that has been substantially redeveloped over the past fifteen years, with 970+ new residential units delivered or master-planned within roughly one mile. The ground lease runs through May 31, 2066, leaving approximately 40 years of term — qualifying the leasehold as like-kind to a fee interest under IRS Section 1031 rules — and includes a tenant purchase option at fair market value beginning in 2056. With combined traffic counts exceeding 33,700 VPD on Broadway and strong demographics anchored to the Amityville LIRR station, 355 Broadway offers investors durable, transit-oriented cash flow in a supply-constrained Long Island submarket.