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3206-3224 Long Beach Rd

9,600 SF 100% Leased Retail Building Oceanside, NY 11572 £4,420,843 (£461/SF) 5.63% Net Initial Yield

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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.

OC100360_survey

OC100360_plan

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£372,252	£38.78
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£372,252	£38.78
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£123,390	£12.85
Net Operating Income	£248,862	£25.92

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£372,252
Annual Per SF	£38.78

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£372,252
Annual Per SF	£38.78

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£123,390
Annual Per SF	£12.85

Net Operating Income
Annual	£248,862
Annual Per SF	£25.92

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

9,600 SF

Building Class

Year Built

1976

Price

£4,420,843

Price Per SF

£461

Net Initial Yield

5.63%

NOI

£248,862

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.69

Land Acres

0.32 AC

Parking

31 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

100 ft on Long Beach Road

MAJOR TENANTS

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	-	-

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