Listed by American Investment Properties
$11,500,000
Retail & Office Building in Long Beach, NY
Details
APN 1000-59-084-00-0163-0
Property Type Office, Retail
Sub Type Storefront, Traditional Office
Square Footage 18,899
Cap Rate 2.21%
NOI $254,357
Occupancy 87%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 3.05%
Pro-Forma NOI $350,357
Price per SqFt $609
Broker Co-Op Yes
Class C
Year Built 1930
Year Renovated 1988
Buildings 1
Stories 3
Lot Size (SqFt) 9,800
Zoning Commercial
Investment Type Stabilized
Ownership Fee Simple
Great Property with Lease-Up Opportunities
Marketing description
American Investment Properties is retained to sell the property located at 2-12 W Main St, Long Beach, NY. At this location is a retail and office building consisting of several tenants. The building is 3 stories tall, located on the corner of W Park Ave and Edwards Blvd, and directly across from the Long Beach LIRR Train Station.
There are a few vacancies which provide for great lease-up opportunities.
Please contact Ron Koenigsberg at [email protected] / (516) 757-2695 for any additional questions.
Investment highlights
• For Sale: Retail & Office Building in Long Beach, NY
• 3 Stories; Located on the Corner of W Park Ave and Edwards Blvd
• Directly Across from the Long Beach LIRR Train Station
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,357.00
$21,196.42/mo
Valuation Metrics
0
DSCR
2.21%
Cap Rate
2.21%
ROI
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