Freestanding Medical
For Sale
$2,950,000
325 W Park Avenue, Long Beach, NY 11561
Commercial Sale, Long Beach, NY
Property Size5,084 SF
Lot Size0.23 Acres
Price / SF$580.25
Days on Market92
Property Features for 325 W Park Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Parking features
Parking Lot
Elementary school
East Elementary School
Middle school
Long Beach Middle School
High school
Long Beach High School
Elementary school district
Long Beach
Middle school district
Long Beach
High school district
Long Beach
Standard status
Active
APN
1000-59-046-00-0059-0
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
51717
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning
forced-air heating
Building Details
Year built
1957
Building materials
Brick
Listing Agency:
Douglas Elliman Real Estate
(516) 432-3400
Listed By:
Jonathan Yunger · License #10401334048
(516) 993-8556
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 4 at 7:06PM
MLS# 1009861
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding medical office property provides a single-story arrangement with private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms. The brick building includes central air conditioning and forced-air heating, with a parking lot and public water and sewer service. Constructed in 1957, the property occupies a 10,019-square-foot lot.
The building is positioned at 325 W Park Avenue in Long Beach, along a commercial corridor carrying more than 28,000 vehicles daily. The Long Beach LIRR Station is less than half a mile away, and the surrounding area includes established businesses, retail centers, restaurants, and residential neighborhoods. On-site parking is supplemented by street parking in front of the property and nearby areas.
The existing configuration supports professional office and medical operations, with dedicated treatment, reception, meeting, and client waiting areas already incorporated into the layout.
The building is positioned at 325 W Park Avenue in Long Beach, along a commercial corridor carrying more than 28,000 vehicles daily. The Long Beach LIRR Station is less than half a mile away, and the surrounding area includes established businesses, retail centers, restaurants, and residential neighborhoods. On-site parking is supplemented by street parking in front of the property and nearby areas.
The existing configuration supports professional office and medical operations, with dedicated treatment, reception, meeting, and client waiting areas already incorporated into the layout.
Key Highlights
- 5,084 square foot professional office/medical building on a 10,019‑square‑foot lot
- Single‑story layout with private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms
- More than 28,000 vehicles pass daily along Park Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,192
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,783,840
$1.8M
Cap Rate 7%
$1,274,171
$1.3M
Cap Rate 9%
$991,022
$991.0K
Market Conditions
NOI Build-Up for 5,084 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$172.7K $33.96/SF
− Vacancy
−$24.0K −$4.72/SF
EGI
$148.7K $29.24/SF
− OpEx
−$59.5K −$11.70/SF
NOI
$89.2K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,783,840
Cap Rate 7%
$1,274,171
Cap Rate 9%
$991,022
Alternative Uses
Best Use
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,192 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,421 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.92M
NOI $235,300 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Under-served
Demand for This Use
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 Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Beach Veterinary Care — 164 W Park Ave, Long Beach, NY 11561
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story facility with private rooms, reception areas, central air, forced-air heat, and on-site parking.
Where is this medical office space located?
The property is located at 325 W Park Avenue Long Beach, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 5,084 square foot professional office/medical building on a 10,019‑square‑foot lot; Single‑story layout with private offices, treatment rooms, reception areas, conference space, waiting areas, and restrooms; More than 28,000 vehicles pass daily along Park Avenue
