Full Investment Memorandum available upon request

Berkshire Hathaway Commercial Services is proud to present a Class A self-storage development opportunity in the heart of Hicksville, NY—one of Long Island’s most densely populated and affluent communities.

Situated on South Broadway with 400 feet of frontage and a traffic count of 36,000 vehicles per day, this project will be delivered with full site plan approval, a Special Use Permit from the Town of Oyster Bay and all the engineered drawings necessary to pull a building permit. The location is surrounded by over 2,700 apartment units, dense single-family housing, and sits within five minutes of all three public schools in the area. Self-storage is a permitted use, and the demand is substantial—within just a 3-mile radius, there is a 653,000 NSF shortfall and virtually no nearby Class A competitors.

The facility will be professionally managed by Extra Space Storage, the largest third-party self-storage operator in the country. By 2029, the 5-mile population is expected to exceed 350,000 residents, with average household incomes of $215,000 and median home values nearing $861,000—demographics that strongly support self-storage usage. With conservative underwriting and best-in-class design, this development offers a projected 9.6% unlevered stabilized return on cost, a 40% IRR at disposition in Year 4, and upside potential exceeding $22 million in capital gains.

This is a rare opportunity to enter a severely under-supplied market with entitled land, institutional-grade management, and tremendous long-term upside. Call us today to discuss this project in greater detail.

Please give us a call for the full Offering Memorandum | 516-703-2300