485 W Broadway
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485 W Broadway
30,140 SF Specialty Building Offered at $8,590,000 in Long Beach, NY 11561
Investment Highlights
- Beachfront location creates unmatched opportunity for a hospitality or residential conversion commanding premium rental rates
- Existing building height, layout, and on-site parking translate well to residential and hospitality amenities
- Vacant possession allows fastest delivery to market for new product
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale 485 W Broadway located in Long Beach, New York (the "Property"). The Property features parking, an entrance, and mechanicals all on-grade. The second floor contains a commercial kitchen and amenity space, with the remainder of the building being dedicated to residential usage. Delivered vacant, the asset presents an investor the opportunity to convert the building to a full-service hospitality asset or residential use.
Property Facts
| Price | $8,590,000 | Building Class | C |
| Price Per SF | $285 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 30,140 SF |
| Sale Conditions | Redevelopment Project | No. Stories | 5 |
| Property Type | Specialty | Year Built | 1967 |
| Price | $8,590,000 |
| Price Per SF | $285 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 30,140 SF |
| No. Stories | 5 |
| Year Built | 1967 |
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PROPERTY TAXES
| Parcel Number | 1000-59-039-00-0006-0 | Improvements Assessment | $46,897 |
| Land Assessment | $1,539 | Total Assessment | $48,436 |
PROPERTY TAXES
Parcel Number
1000-59-039-00-0006-0
Land Assessment
$1,539
Improvements Assessment
$46,897
Total Assessment
$48,436
zoning
| Zoning Code | Multifamily Residential (12 Units Max) |
| Multifamily Residential (12 Units Max) |
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485 W Broadway
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