Overview
Built in 1969, 1000 Port Washington Blvd is a single-story retail bank branch occupied by Dime Community Bank that spans 3,352 SF with a rear parking lot. The property is located one block south of the high-density retail corridor on Main Street, across the street from the Port Washington Boulevard retail strip center, two blocks east of the Port Washington Train Station, and walking distance to the Middle-School and High-School. The neighborhood also has a high concentration of banks including Wells Fargo, Valley National Bank, Alma Bank, Chase Bank, and Citi Bank.
Port Washington, located on the North Shore of Long Island, is a dense suburb known for its scenic beauty and vibrant boating community. Visitors and residents alike can enjoy the serene views of Manhasset Bay, which is central to the area's identity.
Asking Price: $2,500,000
Investment Highlights
Tenant Lease Information
DIME Community Bank will enter a ten-year NN lease @ $40/SF with 2.5% annual increases and (2) five-year renewal options. DIME will be responsible for Real Estate Taxes, Water & Sewer, Payroll, Fuel, and Electric expenses.
Tenant Overview
DIME Community Bank [A trusted community bank for 150 years]: Founded in 1864, Dime Community Bank is a full-service, FDIC-insured commercial bank headquartered in Hauppauge, New York. Established in 1864 as the Dime Savings Bank of Williamsburg, it has evolved into a prominent financial institution serving the New York metropolitan area. As of 2025, Dime operates over 60 branches across Brooklyn, Queens, the Bronx, Manhattan, Nassau, and Suffolk counties with a workforce that exceeds 800 employees.
In February 2021, Dime merged with BNB Bank (Bridge Bancorp Inc.) in an all-stock deal, creating a combined entity with more than $14.35 billion (12/2024) in assets and over $9 billion in deposits. The merged institution retained the Dime Community Bank name and is traded on NASDAQ under the ticker symbol DCOMwith a Kroll Bond Rating Agency rating of BBB+, Fitch rating of B+, and Moody’s rating of A3.
Dime offers a comprehensive suite of financial products and services tailored to individuals, businesses, and municipalities. These include personal and business checking and savings accounts, commercial lending, Small Business Administration (SBA) loans, merchant services, and cash management solutions. The bank also provides specialized services through its subsidiaries, such as title insurance, financial planning, and investment consultation.
Photo Gallery
Sales Team
