Project Description

For Sale: Mixed-Use Building in Long Beach, NY

954-958 W Beech St, Long Beach, NY 11561

Sale Summary:

Price: $3,300,000
Building Size: 8,100 SF
Property Type: Mixed-Use
Lot Size: 5,400 SF
Year Built: 1922
Cap Rate: 5.63%
NOI: $185,710
Location:
954-958 W Beech St
Long Beach, NY 11561

Property Video

Property Highlights

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

Location Overview

Long Beach is a city located in Nassau County, is on a barrier island off the South Shore of Long Island, New York. It is surrounded by the Town of Hempstead. The city is less than a mile wide from ocean to bay and about three and a half miles long. Long Beach is politically independent and self-governing.

As of the 2010 census, there were 33,275 people, 14,809 households, and 7,595 families residing in the city. The median income for a household in the city was $79,546, and the median income for a family was $103,532.

Beginning in the 1980s Long Beach has begun its development with new housings, new businesses, and other improvements. Today, the city is attracted by the quiet beach atmosphere and the easy, 55- minute train commutes.

Long Beach City School District serves the entire city of Long Beach. The city has its own library, playground, pool, ice skating rink, industrial zone, city hall, garbage dump,and water treatment plant.

Contact Broker

Portrait Image of Lyle Alper, Associate at American Investment PropertiesLyle Alper
Associate
Lyle@aiprops.com
(O) 516.393.2300 x208
(F) 516.390.5780

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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