485 W Broadway - Specialty FOR SALE


Long Beach, NY 11561
$8,590,000 USD
212-499-7700
485 W Broadway, Long Beach, NY for Sale
$8,590,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

485 W Broadway
Long Beach, NY 11561


HIGHLIGHTS

  • Beachfront location creates unmatched opportunity for a hospitality or residential conversion commanding premium rental rates
  • Vacant possession allows fastest delivery to market for new product
  • Existing building height, layout, and on-site parking translate well to residential and hospitality amenities

OVERVIEW

Lee & Associates NYC is pleased to present exclusively for sale 485 W Broadway located in Long Beach, New York (the "Property"). The Property features parking, an entrance, and mechanicals all on-grade. The second floor contains a commercial kitchen and amenity space, with the remainder of the building being dedicated to residential usage. Delivered vacant, the asset presents an investor the opportunity to convert the building to a full-service hospitality asset or residential use.

FOR SALE DETAILS

PRICE

$8,590,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Multifamily Residential

APN/PARCEL ID

1000-59-039-00-0006-0

ASK ABOUT THIS PROPERTY

Ben TapperLee & AssociatesMore Info
212-499-7700

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Ben TapperLee & AssociatesMore Info
212-499-7700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.