36-Unit Apartment
For Sale
$10,250,000
32-40 N Long Beach Road, Rockville Centre, NY 11570
Fully occupied multifamily property near Oceanside Schools, with off-street parking and garage income.
Property Size32,435 SF
Price / SF$316.02
Days on Market108
Property Features for 32-40 N Long Beach Road
General Information
Standard status
Active
Size
32,435 SF
Total Parking Spaces
305
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
25 x 2BR, 6 x 1BR, 5 x Studio
Multifamily Units
36
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$131,354
Building Details
Building Size
32,435 SF
Year Built
1948
Buildings
5
Units
36
Listing Agency:
Coldwell Banker American Homes
(516) 665-2000
Listed By:
Aideen Duignan
(800) 270-6318
Source:
Clairedleone
Added: Jul 11
Changed: Oct 26
Last Checked: Oct 26 at 3:43AM
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 Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This 36-unit apartment property was built in 1948 and is fully occupied. The unit mix includes 25 two-bedroom apartments, six one-bedroom apartments, and five studios. Off-street parking and a garage provide additional property features, with garage income noted.
The property is 0.7 miles from Rockville, with an express commute to New York City described as 35 minutes. Oceanside Schools are nearby.
The property is 0.7 miles from Rockville, with an express commute to New York City described as 35 minutes. Oceanside Schools are nearby.
Key Highlights
- 36 units: 25 two‑bedroom apartments, 6 one‑bedroom apartments, and 5 studios
- Fully occupied apartment property
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$578,559
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,571,180
$11.6M
Cap Rate 7%
$8,265,129
$8.3M
Cap Rate 9%
$6,428,433
$6.4M
Market Conditions
NOI Build-Up for 32,435 SF
Gross rent
$1.10M $33.96/SF
− Vacancy
−$49.6K −$1.53/SF
EGI
$1.05M $32.43/SF
− OpEx
−$473.4K −$14.59/SF
NOI
$578.6K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,571,180
Cap Rate 7%
$8,265,129
Cap Rate 9%
$6,428,433
Alternative Uses
Best Use
Apartment 5plus
$8.27M
$7.23M – $9.64M
NOI $578,559 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.45M
$18.76M – $25.02M
NOI $1,501,173 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
36
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property near Oceanside Schools, with off-street parking and garage income.
Where is this apartment building located?
The property is located at 32-40 N Long Beach Road Rockville Centre, NY.
What is the asking price?
The asking price for this property is $10,250,000.
What are key features of this property?
This property features: 36 units: 25 two‑bedroom apartments, 6 one‑bedroom apartments, and 5 studios; Fully occupied apartment property; Built in 1948
