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    485 W Broadway Long Beach, NY 11561

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    For Sale
    $8,590,000

    Vacant beachfront property suitable for hospitality or residential conversion.

    Property size:
    30,140 SF

    Property Features for 485 W Broadway

    General Information

    Size
    30,140 SF

    Building Details

    Year built
    1967

    Source: Ben Tapper Agent Ben Tapper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Beach Multifamily Conversion Opportunity

    Located in Long Beach, New York, the property at 485 W Broadway offers a conversion opportunity. The building features parking, an entrance, and mechanicals all on-grade. The second floor includes a commercial kitchen and amenity space, while the remainder of the building is designed for residential use. The property will be delivered vacant, presenting an investor with the opportunity to convert the building to a full-service hospitality asset or residential use. Its corner frontage on West Broadway and Washington Boulevard and beachfront location create an opportunity for a hospitality or residential conversion. The existing building height, layout, and on-site parking translate well to residential and hospitality amenities. The property has a size of 30140 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    LB Oceanside Corp Property Management Company Air China Event Ticket Seller

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.65031
    Latitude
    40.584861

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    FAQs

    What type of property is this?
    Hotel - Vacant beachfront property suitable for hospitality or residential conversion.
    Where is this hotel located?
    The property is located at 485 W Broadway Long Beach, NY.
    What is the asking price?
    The asking price for this property is $8,590,000.
    What are key features of this property?
    This property features: - Beachfront location offering potential for high rental rates.; - Vacant possession allows immediate redevelopment.; - Existing on-site parking is ideal for residential or hospitality use.
    (646) 658-7334
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    485 W Broadway Long Beach, NY 11561
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    485 W Broadway Long Beach, NY 11561
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