Office Building in Long Beach, NY

120 W PARK AVE, LONG BEACH, NEW YORK 11561

Executive Summary:

Price:	$4,900,000
Building Size:	17,870 SF
Property Type:	Office
Lot Size:	10,000 SF
Year Built / Renovated:	1962 / 2018
Cap Rate:	7.14%
NOI:	$349,989
Location:	120 W Park Ave, Long Beach, NY 11561

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

Investment Summary

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.

About Long Beach, NY

Long Beach is an oceanfront city in Nassau County, New York, on Long Island. The city rests on a central section of the Long Beach Barrier Island, which is the westernmost of the outer barrier islands off the South Shore of Long Island.

The City of Long Beach was incorporated in 1922 and is nicknamed “The City by the Sea” (the Latin form, Civitas ad mare, is the city’s motto). Long Beach is bordered by East Atlantic Beach to the West, and Lido Beach to the East, on the Long Beach Barrier Island—which in turn is surrounded by the Reynolds Channel to the North, East and West, and the Atlantic Ocean to the South.