433 Atlantic Ave - Apartments FOR SALE


Oceanside, NY 11572
$2,100,000 USD
917-696-7396
433 Atlantic Ave, Oceanside, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/2
null | 5.62% Cap Rate

433 Atlantic Ave
Oceanside, NY 11572


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$1,182 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,050,000

CAP RATE

5.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,432 SF

ZONING

Business B

APN/PARCEL ID

2089-43-379-00-0048-0

ASK ABOUT THIS PROPERTY

Frank ManninoBerkshire Hathaway Commercial ServicesMore Info
917-696-7396

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Frank ManninoBerkshire Hathaway Commercial ServicesMore Info
917-696-7396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.