Mixed-Use Income
For Sale
$6,999,999
78-84 E Park Ave, Long Beach, NY 11561
A gut-renovated 10-unit residential building with four ground-floor storefronts and on-site tenant laundry.
Property Size9,200 SF
Days on Market84
Property Features for 78-84 E Park Ave
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$67,149
Building Details
Building Size
9,200 SF
Year Built
1920
Year Renovated
2025
Units
14
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Tamta Gigilashvili · License #10401363424
(646) 696-0309
Source:
Elliman
Added: Jun 13
Changed: Sep 2
Last Checked: Sep 1 at 9:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property features a fully gut-renovated 10-unit free market residential building paired with four ground-floor commercial storefronts. The renovation completed in 2025 and the building includes a dedicated laundry room for residents. With income-producing units across residential and street-level retail, the asset is structured to operate as a combined living-and-shopping property.
The building is located in Long Beach, New York, described as about three blocks from the Atlantic Ocean. It is also positioned directly across from the Long Beach LIRR commuter rail station, providing convenient transit access for residents and customers.
For tenants, the residential component includes in-building laundry access, and the storefront spaces support everyday pedestrian traffic at street level. For buyers and operators, the mix of 10 residential units and four commercial spaces offers diversification within one ownership, alongside the reduced near-term capital needs associated with a renovation completed in 2025. The residential units are described as free market, indicating they are not subject to rent stabilization as presented in the offering remarks.
The building is located in Long Beach, New York, described as about three blocks from the Atlantic Ocean. It is also positioned directly across from the Long Beach LIRR commuter rail station, providing convenient transit access for residents and customers.
For tenants, the residential component includes in-building laundry access, and the storefront spaces support everyday pedestrian traffic at street level. For buyers and operators, the mix of 10 residential units and four commercial spaces offers diversification within one ownership, alongside the reduced near-term capital needs associated with a renovation completed in 2025. The residential units are described as free market, indicating they are not subject to rent stabilization as presented in the offering remarks.
Key Highlights
- Fully gut‑renovated mixed‑use building with 14 total income units: 10 residential apartments plus 4 ground‑floor commercial storefronts
- Renovated in 2025, with residential and commercial spaces updated throughout
- On‑site tenant laundry room included for building tenants
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 11561, NY
39,132
Population
18,442
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
9,783
Density / Sq Mi
$132,903
Median Household Income
$72,221
Median Earnings
$2,462
Median Rent
$676,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - A gut-renovated 10-unit residential building with four ground-floor storefronts and on-site tenant laundry.
Where is this apartment building located?
The property is located at 78-84 E Park Ave Long Beach, NY.
What is the asking price?
The asking price for this property is $6,999,999.
What are key features of this property?
This property features: Fully gut‑renovated mixed‑use building with 14 total income units: 10 residential apartments plus 4 ground‑floor commercial storefronts; Renovated in 2025, with residential and commercial spaces updated throughout; On‑site tenant laundry room included for building tenants
