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230 Atlantic Ave 3,069 SF 100% Leased Retail Building Oceanside, NY 11572 $4,116,068 CAD ($1,341.18 CAD/SF) 4.24% Cap Rate
Investment Highlights
- For Sale: NNN Retail Building with 2 Tenants
- On-Site Parking Available
- A Short Distance from Long Beach Rd which has Several Retailers and Amenities
- Tenants Have 3-5 Years Remaining on their Leases
- Located 0.5 Mile from the East Rockaway LIRR Train Station
Executive Summary
American Investment Properties is retained to sell the property at 230 Atlantic Ave, Oceanside, NY. At this location is a NNN retail building with 2 tenants.
The tenants have 3-5 years remaining on their leases and there is on-site parking available for the convenience of shoppers.
The tenants have 3-5 years remaining on their leases and there is on-site parking available for the convenience of shoppers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,069 SF
Building Class
C
Year Built
1983
Price
$4,116,068 CAD
Price Per SF
$1,341.18 CAD
Cap Rate
4.24%
NOI
$174,579 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.29 AC
Zoning
Commercial
Frontage
2’ on Atlantic Ave
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-38-L-00-0245-0 | Improvements Assessment | $1,337 CAD |
| Land Assessment | $3,639 CAD | Total Assessment | $4,976 CAD |
Property Taxes
Parcel Number
2089-38-L-00-0245-0
Land Assessment
$3,639 CAD
Improvements Assessment
$1,337 CAD
Total Assessment
$4,976 CAD
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230 Atlantic Ave
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