Mixed-Use Building with Coffee
For Sale
$4,300,000
Pending
20 W Park Ave, Long Beach, NY 11561
Fully leased office space occupies the upper portions, with a coffee shop on the ground floor.
Property Size18,000 SF
Days on Market15
Property Features for 20 W Park Ave
General Information
Standard status
Pending
Size
18,000 SF
Occupancy
100%
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Property Use
Office / Restaurant
Taxes and HOA fees
Annual Taxes
$96,747
Amenities
Unfinished
Yes
Public
No
Concrete Perimeter
18000
Building Details
Building Size
18,000 SF
Year Built
1967
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 4 at 7:39AM
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 Sooyeon (Kelly) Moon
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Investment Insights
Based on property information with market context.
At 20 W Park Ave in Long Beach, this 18,000-square-foot mixed-use property was built in 1967. Professional office tenants occupy the building, and a coffee shop operates on the ground floor.
The property sits across from the Long Island Rail Road station, with retail, dining, and everyday amenities nearby. Its combination of office occupancy and ground-floor food service brings two established uses together in a downtown setting.
The property sits across from the Long Island Rail Road station, with retail, dining, and everyday amenities nearby. Its combination of office occupancy and ground-floor food service brings two established uses together in a downtown setting.
Key Highlights
- 18,000‑square‑foot mixed‑use property
- Built in 1967
- Occupied by professional office tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,517
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,190,340
$6.2M
Cap Rate 7%
$4,421,671
$4.4M
Cap Rate 9%
$3,439,078
$3.4M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$503.3K $27.96/SF
− Vacancy
−$90.6K −$5.03/SF
EGI
$412.7K $22.93/SF
− OpEx
−$103.2K −$5.73/SF
NOI
$309.5K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,190,340
Cap Rate 7%
$4,421,671
Cap Rate 9%
$3,439,078
Alternative Uses
Best Use
Specialty Retail
$11.90M
$10.41M – $13.88M
NOI $833,085 @ 7.0% cap · market cap 19.37%
Second Best
Office B
$4.42M
$3.87M – $5.16M
NOI $309,517 @ 7.0% cap · market cap 7.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,663
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased office space occupies the upper portions, with a coffee shop on the ground floor.
Where is this mixed-use property located?
The property is located at 20 W Park Ave Long Beach, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 18,000‑square‑foot mixed‑use property; Built in 1967; Occupied by professional office tenants
