NY Best Homes Realty
Listed by NY Best Homes Realty
$4,300,000
20 W Park Ave
Details
Property Type Mixed Use, Office
Sub Type Executive Office, Restaurant
Units 16
Cap Rate 7.00%
Year Built 1967
Mixed Use | 7.00% CAP
Marketing description
20 W Park Avenue, Long Beach, NY 11561 is an iconic, historic commercial building located in the very heart of Long Beach, directly across from the LIRR station and steps from major retail, dining, and daily amenities.
The property is fully occupied by professional office tenants, providing stable and diversified income. The ground floor is anchored by the well-known Toast Coffee + Kitchen, a landmark brunch destination that enhances foot traffic and long-term tenant appeal.
With a strong capitalization rate, exceptional transit-oriented location, and proven tenant demand, this asset represents an ideal opportunity for long-term investment or 1031 exchange in one of Long Island’s most desirable downtown corridors.
Listing Contacts
NY Best Homes Realty
Listed by NY Best Homes Realty
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