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.
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.
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 |
1 of 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
Parcel Number | 2089-43-379-00-0048-0 | Improvements Assessment | $2,005 |
Land Assessment | $2,502 | Total Assessment | $4,507 |
ZONING
Zoning Code | Business B |