634 E Broadway, Long Beach, NY — Sale in Long Beach, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Long Beach, NY 11561

Investment Figures

Cap rate
4.13%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present 634 E Broadway, a multifamily property located in Long Beach, NY. The subject property rests on a 0.10-acre parcel with approximately +/- 2,706 square feet. The subject property consists of four (4) apartments and was recently renovated. Situated in Long Beach, the property is close to the beach and new Super Block development. The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town, like restaurants, shops, and recreational activities. Tenants are responsible for their own electric and owner provides water/heat. On site parking and yard in the rear. The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income over $141,000. Investment Highlights: • The subject property rests on a 0.10-acre parcel with approximately +/- 2,706 square feet. • The subject property consists of four (4) apartments and was recently renovated. • The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town.

Market Context

This multifamily in Long Beach, NY is listed for sale. It is offered at an approximate 4.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Long Beach, NY — view the full market.

Contact

  • Michael Tuccillo

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