Building Details

Floors in Building 2

Building materials Masonite, Brick

Roof type Rubber

Listing Agency: GULL REALTY INC Show Phone

Listed By: Maria Aramanda

Added: Jun 26 Changed: Sep 23 Last Checked: Oct 19 at 7:06AM

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MLS# 11852625

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,258-square-foot mixed-use property combines restaurant space with apartments, two offices, a four-car garage, and a parking lot. The corner building includes five bathrooms and has received upgrades involving the roof, sewer system, and electrical service.

Located at 2453 Long Beach Rd in Oceanside, the property occupies approximately 0.0971 acres. Construction includes brick and Masonite materials, with a rubber roof and natural-gas hot-water heating. The configuration brings commercial and residential components together in a single building.

Key Highlights

• 2,258‑square‑foot mixed‑use property
• Restaurant and apartments in one building
• Four‑car garage, two offices, and parking lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,506

Cap Rate

5.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,090,120 $2.1M

Cap Rate 7%

$1,492,943 $1.5M

Cap Rate 9%

$1,161,178 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,258 SF

Gross rent

$149.0K $66.00/SF

− Vacancy

−$9.7K −$4.29/SF

EGI

$139.3K $61.71/SF

− OpEx

−$34.8K −$15.43/SF

NOI

$104.5K $46.28/SF

Area

Nassau County, NY

Vacancy

6.50%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,090,120

Cap Rate 7%

$1,492,943

Cap Rate 9%

$1,161,178

Alternative Uses

Best Use

Specialty Retail

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,506 @ 7.0% cap · market cap 5.81%

Second Best

Apartment 5plus

$575.4K

$503.5K – $671.3K (±1% cap)

NOI $40,277 @ 7.0% cap · market cap 2.24%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Grocery & Convenience Store Daycare Center Mobile Phone Store Tattoo & Piercing Shop Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,417

Businesses Nearby

Explore this area Business Placement

Demographics for 11572, NY

31,157

Population

10,811

Households

2.9

Avg Household Size

44

Median Age

48%

College-Educated

94%

High-School Grad

4.8 sq mi

ZIP Area

6,491

Density / Sq Mi

$144,419

Median Household Income

$61,627

Median Earnings

$2,118

Median Rent

$627,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Specialty Commercial Property

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10-Store Shopping Center

3220 Long Beach Rd, Oceanside, NY 11572

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Shopping Center Full Retail Block

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner property combines restaurant, apartments, offices, and on-site parking.

Where is this mixed-use property located?

The property is located at 2453 Long Beach Rd Oceanside, NY.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 2,258‑square‑foot mixed‑use property; Restaurant and apartments in one building; Four‑car garage, two offices, and parking lot