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433 Atlantic Ave
Oceanside, NY 11572
Multifamily Property For Sale · 5 Units

Investment Highlights

  • 28,000+ Vehicles Per Day
  • Development Opportunity
  • 150+ Feet of Frontage on Atlantic Avenue
  • 10 Units Buildable As of Right
  • Three Way Traffic Light Intersection
  • Neighboring National Retailers

Executive Summary

Located in the heart of Oceanside, 433 and 437-439 Atlantic Avenue present a rare mixed-use investment and redevelopment opportunity. 10 units buildable as of right. Situated on an expansive 0.47-acre lot, this unique property consists of three separate structures, including two two-family residential homes and a commercial warehouse/garage, offering multiple income streams and flexible use potential. Boasting over 150 feet of frontage along highly trafficked Atlantic Avenue, the site features four curb cuts and is prominently positioned on the corner of a signalized three-way intersection, providing exceptional visibility and accessibility. Surrounded by national retailers and established businesses, the location benefits from strong daily traffic counts and consistent consumer activity. The combination of residential and commercial components makes this property ideal for investors seeking stable rental income, while the size, frontage, and positioning also create a compelling opportunity for future redevelopment. Whether held as a cash-flowing asset or repositioned for a larger project, this offering stands out as a strategic addition to any portfolio in one of Long Island’s busiest commercial corridors.

Property Facts

Price Per Unit $478,000
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 0.47 AC
Building Size 6,886 SF
No. Stories 1
Year Built 1935
Zoning Business & Residence 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
  • Fenced Lot
  • Tenant Controlled HVAC
  • Smoke Free
  • Conference Rooms
  • Smoke Detector

Property Taxes

Property Taxes

Parcel Number
2089-43-379-00-0048-0
Land Assessment
$2,502
Improvements Assessment
$2,005
Total Assessment
$4,507
  • Listing ID: 40320219

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 433 Atlantic Ave, Oceanside, NY 11572

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