485 W Broadway
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485 W Broadway
30,140 SF Speciality Building Offered at £6,721,246 in Long Beach, NY 11561
Investment Highlights
- Beachfront location creates unmatched opportunity for a hospitality or residential conversion commanding premium rental rates
- Existing building height, layout, and on-site parking translate well to residential and hospitality amenities
- Vacant possession allows fastest delivery to market for new product
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale 485 W Broadway located in Long Beach, New York (the "Property"). The Property features parking, an entrance, and mechanicals all on-grade. The second floor contains a commercial kitchen and amenity space, with the remainder of the building being dedicated to residential usage. Delivered vacant, the asset presents an investor the opportunity to convert the building to a full-service hospitality asset or residential use.
Property Facts
| Price | £6,721,246 | Building Class | C |
| Price Per SF | £223 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 30,140 SF |
| Sale Conditions | Development Sale | Number of Floors | 5 |
| Property Type | Speciality | Year Built | 1967 |
| Price | £6,721,246 |
| Price Per SF | £223 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| Property Type | Speciality |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 30,140 SF |
| Number of Floors | 5 |
| Year Built | 1967 |
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PROPERTY TAXES
| Parcel Number | 1000-59-039-00-0006-0 | Improvements Assessment | £36,695 |
| Land Assessment | £1,204 | Total Assessment | £37,899 |
PROPERTY TAXES
Parcel Number
1000-59-039-00-0006-0
Land Assessment
£1,204
Improvements Assessment
£36,695
Total Assessment
£37,899
zoning
| Zoning Code | Multifamily Residential (12 Units Max) |
| Multifamily Residential (12 Units Max) |
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Ben Tapper -
Sean Slattery -
Lee & Associates
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485 W Broadway
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