433 Atlantic Ave
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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 | Building Class | C |
| Price Per SF | $1,239 | Lot Size | 0.29 AC |
| Sale Type | Investment | Rentable Building Area | 1,776 SF |
| Cap Rate | 5.36% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1935 |
| Property Subtype | Service |
| 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 |
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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 |
PROPERTY TAXES
Parcel Number
2089-43-379-00-0048-0
Land Assessment
$2,502
Improvements Assessment
$2,005
Total Assessment
$4,507
zoning
| Zoning Code | Business B |
| Business B |
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433 Atlantic Ave
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