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433 Atlantic Ave 2 Unit Apartment Building $2,100,000 ($1,050,000/Unit) 5.62% Cap Rate Oceanside, NY 11572
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 | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,050,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.62% | Building Size | 1,776 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | ||
| Zoning | Business B - Indicates areas for neighborhood commercial uses like small retail stores and personal services, designed to meet the needs of nearby residential area | ||
| Price | $2,100,000 |
| Price Per Unit | $1,050,000 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 1,776 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Zoning | Business B - Indicates areas for neighborhood commercial uses like small retail stores and personal services, designed to meet the needs of nearby residential area |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Conference Rooms
- Smoke Detector
1 1
Walk Score®
Very Walkable (76)
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
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433 Atlantic Ave
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