Long Beach Mixed-Use Property

954 West Beech St, Long Beach, NY, Long Beach, NY

$3,300,000

Price

5.63%

Cap Rate

$185,710

NOI

Overview
Cap Rate
5.63%
NOI
$185,710
Building Size
8,100 sqft
Lot Area
0.12 acres
Occupancy
100%
Units
7
Year Built
1922
Price Per Sqft
$407.41
Zoning
Commercial
Tenancy
Multiple
Floors
2
Parking Spots
20
Year Last Renovated
2009
Gross Leaseable Area
8100
Roof
Great Condition, Renovated in 2009
Description

American Investment Properties is exclusively retained to sell 954-958 W Beech St, in Long Beach, NY. At this location you'll find a fully occupied mixed-use property; a restaurant on the ground level, and 6 apartment units above. Additionally, there is a 20-car parking lot adjacent to the building.

Half of the apartments have been recently renovated with new kitchens and bathrooms. The roof is in good condition, replaced only 10 years ago.

The restaurant tenant is responsible for paying property taxes. It's only a 3 minute walk to the beach so property tenants have easy access to the "surf and sand", while beach goers have a short walk to enjoy the property's restaurant and bar.

For more information contact us using the form, email: ron@aiprops.com, call: 516-393-2300.

Highlights
  • Near to The Beach
  • Parking Lot: Accommodates 20 Cars
  • Mixed-Use: Restaurant & 6 Apartments
  • Apartments Have New Kitchens & Bathrooms
  • Roof Only 10 Years Old, in Good Condition
  • Restaurant is Responsible For Property Taxes
Documents

Location
Gallery