Retail/Office Building in Long Beach, NY

46 East Park Avenue, Long Beach, NY

$1,099,000

Price

5.35%

Cap Rate

$58,846

NOI

Gallery
Street
Map
Overview
Cap Rate
5.35%
NOI
$58,846
Building Size
3,610 sqft
Lot Area
2,000 sqft
Occupancy
100%
Class
C
Lease Type
Modified Gross
Year Built
1922
Price Per Sqft
$304.43
Zoning
Commercial
Tenancy
Multiple
Gross Leaseable Area
3610
Investment Strategy
Opportunistic
Description

At this location is a fully occupied retail building with five tenants. The tenants have 3% annual increases in rent. This property is located across from the Long Beach LIRR Train Station. Additionally, the property is surrounded by national credit tenants such as Starbucks, Dunkin' Donuts, Burger King, & More.

Highlights
  • For Sale: Fully Occupied Retail/Office Building
  • Located on Park Ave which Has High Traffic Counts
  • Surrounded by National Credit Tenants such as Starbucks, Dunkin' Donuts, Burger King, & More
  • Located Across From the Long Beach LIRR Train Station
  • Property has a 1,405 SF Basement
  • Most Tenants Have a 3% Annual Increases in Rent
  • Tenants Each Have Separate Electric Meters
  • Brand New Roof Installed About 5 Years Ago
Documents
Title
Long_Beach__46_E_Park_Ave__Offering_Memorandum__April2024.pdf
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Location
Gallery