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630-634 E Broadway, Long Beach, NY 2 Multifamily Properties Offered at $2,799,000 in Long Beach, NY
INVESTMENT HIGHLIGHTS
- 630 & 634 E Broadway consists of eight (8) apartments total and four (4) apartments in each building.
- The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town.
- 630 E Broadway was recently renovated, and 634 E Broadway is a value add opportunity with below market rents.
- Ideally situated 40 minutes from the heart of NYC & just steps from gorgeous sandy beaches, the city of Long Beach is poised for continued growth.
EXECUTIVE SUMMARY
The Tuccillo Group of Marcus and Millichap is pleased to present this opinion of value to ownership for 630 & 634 E Broadway, two side-by-side multifamily buildings located in Long Beach, NY.
630 & 634 E Broadway consists of eight (8) total apartments with four (4) units in each building. 630 E Broadway was recently renovated, and 634 E Broadway is a value-add opportunity with below-market rents. Situated in Long Beach, the property is close to the beach and the new Super Block development. The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town, like restaurants, shops, and recreational activities. Tenants are responsible for their own electric, and the owner provides water/heat. On-site parking and yard in the rear.
The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income over $141,000.
630 & 634 E Broadway consists of eight (8) total apartments with four (4) units in each building. 630 E Broadway was recently renovated, and 634 E Broadway is a value-add opportunity with below-market rents. Situated in Long Beach, the property is close to the beach and the new Super Block development. The location provides good access to the main commercial areas of Long Beach, public transportation (LIRR), and the amenities of the beach town, like restaurants, shops, and recreational activities. Tenants are responsible for their own electric, and the owner provides water/heat. On-site parking and yard in the rear.
The area demographics paint a picture of opportunity – over 51,000 people live within a three miles radius and an average household income over $141,000.
PROPERTY FACTS
| Price | $2,799,000 | Number of Properties | 2 |
| Price / SF | $517.18 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,412 SF |
| Status | Active | Total Land Area | 0.20 AC |
| Price | $2,799,000 |
| Price / SF | $517.18 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,412 SF |
| Total Land Area | 0.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 630 E Broadway, Long Beach, NY 11561 | Multifamily | 2,706 SF | 1955 | - |
| 634 E Broadway, Long Beach, NY 11561 | Multifamily | 2,706 SF | 1955 | - |
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630-634 E Broadway, Long Beach, NY
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