433 Atlantic Ave

1,776 SF 100% Leased Industrial Building Oceanside, NY 11572 $2,200,000 ($1,239/SF) 5.36% Cap Rate

EXECUTIVE SUMMARY

The space is located near a plethora of retail establishments including Stop & Shop, PC Richards, Dunkin, and the Woodcrest Luxury Apartments. In addition, this property is conveniently located just a short walk from the Oceanside Long Island Rail Road Station, making it highly attractive for commuters and tenants seeking accessibility.
A key highlight of this property is the significant upside potential: current rents are well below market rates, presenting a unique value-add opportunity for savvy investors. By aligning rents with market benchmarks, a new owner can unlock substantial revenue growth. For your convenience, we've included links to the rental comparable used to calculate market rents in our proforma.
https://www.apartments.com/oceanside-ny/
Don’t miss this exceptional investment opportunity in a high-demand location.

ATTACHMENTS

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PROPERTY FACTS

Price $2,200,000
Price Per SF $1,239
Sale Type Investment
Cap Rate 5.36%
Property Type Industrial
Property Subtype Service
Building Class C
Lot Size 0.29 AC
Rentable Building Area 1,776 SF
No. Stories 1
Year Built 1935
Walk Score®
Very Walkable (75)

PROPERTY TAXES

ZONING

Zoning Code Business B
  • Listing ID: 34225583

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 433 Atlantic Ave, Oceanside, NY 11572