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34450994
34450995

120 W PARK AVE, LONG BEACH, NY 11561-3301 For Sale

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties
$4,900,000
1 day on market
Updated 1 day ago

Office Building in Long Beach, NY

Details
APN 59 71 26
Property Type Office
Sub Type Traditional Office
Square Footage 17,870
Cap Rate 7.14%
NOI $349,989
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $274
Class B
Year Built 1962
Year Renovated 2018
Buildings 1
Stories 3
Lot Size (SqFt) 10,000
Zoning Commercial
Parking Spaces 18 spaces
Parking per 1,000 SqFt 1.01

Fully-Occupied Investment Opportunity

Marketing description

American Investment Properties is retained to sell the office building located at 120 W Park Ave, Long Beach. At this location is a multi-tenant fully-occupied office building with some on-site parking spaces. This property is located in the heart of Long Beach, surrounded by several other office and retail amenities as well as within walking distance to the Long Beach LIRR train station.

Investment highlights

• For Sale: Office Building in Long Beach, NY - Fully-Leased

• 2 Stories Plus a Lower-Level with Elevator

• 18 On-Site Parking Spaces Plus Surrounding Municipal Parking

• Stable Tenants with Below Market Rents

• Floor Plans Allow for Multi-Tenant Use - Suites Can be Used for Office, Therapy, Medical, or Spa-Style

• Recent Improvements: New Storefront Windows, Refreshed Exterior, and Updated Building Systems (All HVAC replaced within the last 12 months)

• Located in the Heart of Long Beach - Direct Access to the Long Beach LIRR Train Station

Listing Contacts

RK
NY 31K00933350
American Investment Properties
Listed by American Investment Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$349,989.00
$29,165.75/mo

Valuation Metrics

0
DSCR
7.14%
Cap Rate
7.14%
ROI

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