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Multifamily

634 E Broadway, Long Beach, NY

634 E Broadway, Long Beach, NY 11561

Listing Price: $1,499,999

Cap Rate
4.13%
GRM
15.34
Occupancy
100.0%

Investment Overview

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.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    New York City

Multifamily

634 E Broadway, Long Beach, NY

Listing Price: $1,499,999

Cap Rate
4.13%
GRM
15.34
Occupancy
100.0%

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.

Investment Overview

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.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    New York City

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