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165-167 E Park Ave 7,000 SF 100% Leased Retail Building Long Beach, NY 11561 $3,550,716 CAD ($507.25 CAD/SF) 6.23% Cap Rate
Executive Summary
Discover an exceptional investment opportunity with the property located at 165 East Park Avenue, Long Beach, NY. Boasting a spacious +/-7,000 square foot building, this prime space offers an ideal configuration for retail and office investors. The property features a versatile layout, with office space situated above and two retail spaces below. Zoned AE, the property offers the advantage of being situated in a desirable coastal location, making it an attractive prospect for investors looking to establish or expand their presence in the bustling Long Beach market. With its ample space and prime positioning, this property presents a compelling opportunity for retail and office investors seeking a coveted location in the vibrant Long Beach area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,000 SF
Building Class
C
Year Built
1948
Price
$3,550,716 CAD
Price Per SF
$507.25 CAD
Cap Rate
6.23%
NOI
$221,040 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.57
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
AE
Parking
5 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
42’ on E Park Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Alchemy Salon
- -
- 900 SF
- -
- Plus Utilities
- Dec 2020
- Fresh Food Green Cactus
- Retailer
- -
- -
- -
- -
- Gentle Brew Coffee Roasters
- Retailer
- -
- -
- -
- -
- Harriet Eisman Community School
- Educational Services
- -
- -
- -
- -
- Inez Ladies Boutique
- Retailer
- 464 SF
- -
- -
- -
- Villaggio of Long Beach
- Real Estate
- -
- -
- -
- -
- Yummy Yummy
- Accommodation and Food Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Alchemy Salon | - | 900 SF | - | Plus Utilities | Dec 2020 | |
| Fresh Food Green Cactus | Retailer | - | - | - | - | |
| Gentle Brew Coffee Roasters | Retailer | - | - | - | - | |
| Harriet Eisman Community School | Educational Services | - | - | - | - | |
| Inez Ladies Boutique | Retailer | 464 SF | - | - | - | |
| Villaggio of Long Beach | Real Estate | - | - | - | - | |
| Yummy Yummy | Accommodation and Food Services | - | - | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $23,109 CAD | |
| Land Assessment | $4,949 CAD | Total Assessment | $28,058 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$4,949 CAD
Improvements Assessment
$23,109 CAD
Total Assessment
$28,058 CAD
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165-167 E Park Ave
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