Renovated Mixed-Use
1895 Park Street, Atlantic Beach, NY 11509
For Sale
$1,399,000
The property pairs a three-bedroom residence with a professional office suite and finished basement space.
Property Size2,890 SF
Price / SF$484.08
Days on Market237
Property Features for 1895 Park Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
BERKSHIRE HATHAWAY
(516) 431-0828
Listed By:
Randy Scott
(516) 650-4711
Source:
Croninreale
Added: Mar 17
Changed: Nov 7
Last Checked: Nov 7 at 12:28PM
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 BERKSHIRE HATHAWAY
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Investment Insights
Based on property information with market context.
Updated in 2024, this mixed-use property combines a three-bedroom, two-bathroom residence with a commercial office suite. The residential portion includes a finished basement and private yard. In the commercial area, a waiting room connects to two offices and a full bathroom; a finished basement adds a separate office. Off-street parking is also available.
The property occupies a corner lot at 1895 Park Street in Atlantic Beach, one block from the beach. It was built in 1950.
The property occupies a corner lot at 1895 Park Street in Atlantic Beach, one block from the beach. It was built in 1950.
Key Highlights
- Renovated in 2024; originally built in 1950
- Three‑bedroom, two‑bathroom residential unit with finished basement
- Office suite with waiting room, two offices, full bathroom, and separate basement office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,882
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,640
$797.6K
Cap Rate 7%
$569,743
$569.7K
Cap Rate 9%
$443,133
$443.1K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$69.4K $24.00/SF
− Vacancy
−$5.5K −$1.92/SF
EGI
$63.8K $22.08/SF
− OpEx
−$23.9K −$8.28/SF
NOI
$39.9K $13.80/SF
Area
Nassau County, NY
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,640
Cap Rate 7%
$569,743
Cap Rate 9%
$443,133
Alternative Uses
Best Use
Mixed Use
$569.7K
$498.5K – $664.7K
NOI $39,882 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,756 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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Demographics for 11509, NY
2,433
Population
1,193
Households
2
Avg Household Size
57
Median Age
60%
College-Educated
98%
High-School Grad
0.8 sq mi
ZIP Area
3,041
Density / Sq Mi
$162,500
Median Household Income
$88,882
Median Earnings
$3,125
Median Rent
$991,000
Median Home Value
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Market
Properties on Market for Mixed-use properties in Nassau County
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a three-bedroom residence with a professional office suite and finished basement space.
Where is this mixed-use property located?
The property is located at 1895 Park Street Atlantic Beach, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Renovated in 2024; originally built in 1950; Three‑bedroom, two‑bathroom residential unit with finished basement; Office suite with waiting room, two offices, full bathroom, and separate basement office
