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3206-3218 Long Beach Rd 6,060 SF 87% Leased Retail Building Oceanside, NY 11572 $6,250,000 ($1,031.35/SF) 5.31% Cap Rate
INVESTMENT HIGHLIGHTS
- 92% occupied as of 6/10/19
EXECUTIVE SUMMARY
Small shopping center of 10 units, 9,600 sq ft of retail space, and 31 parking spaces. 92% occupied as of 6/10/19.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$504,632
|
$83.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$504,632
|
$83.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$172,806
|
$28.52
|
| Net Operating Income |
$331,826
|
$54.76
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $504,632 |
| Annual Per SF | $83.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $504,632 |
| Annual Per SF | $83.27 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $172,806 |
| Annual Per SF | $28.52 |
| Net Operating Income | |
|---|---|
| Annual | $331,826 |
| Annual Per SF | $54.76 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,060 SF
Building Class
C
Year Built
1976
Price
$6,250,000
Price Per SF
$1,031.35
Cap Rate
5.31%
NOI
$331,826
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.32 AC
Zoning
C - Commercial
Parking
19 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- 458 Myrtle Ave Co
- -
- 500 SF
- -
- -
- Cricket
- -
- 940 SF
- -
- -
- Jasmine Beauty Nail Salon Inc
- -
- 500 SF
- -
- -
- Marcy S Hair Salon
- -
- 500 SF
- -
- -
- Sws Services Inc
- -
- 500 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| 458 Myrtle Ave Co | - | 500 SF | - | - | ||
| Cricket | - | 940 SF | - | - | ||
| Jasmine Beauty Nail Salon Inc | - | 500 SF | - | - | ||
| Marcy S Hair Salon | - | 500 SF | - | - | ||
| Sws Services Inc | - | 500 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Inline, retail; former women's clothing store.
| Space | Size | Space Use | Position | Available |
| 3208 | 800 SF | Retail | In-Line | Now |
3208
| Size |
| 800 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3208
| Size | 800 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail; former women's clothing store.
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2089-43-336-00-0035-0 | Improvements Assessment | $5,467 |
| Land Assessment | $3,780 | Total Assessment | $9,247 |
PROPERTY TAXES
Parcel Number
2089-43-336-00-0035-0
Land Assessment
$3,780
Improvements Assessment
$5,467
Total Assessment
$9,247
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3206-3218 Long Beach Rd
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