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6-Unit Apartment Building
For Sale
$2,500,000

531 E Broadway, Long Beach, NY 11561

The two-story property combines studio and one-bedroom residences with individually metered utilities.

Property Size3,556 SF
Price / SF$703.04
Days on Market103

Property Features for 531 E Broadway

General Information

Standard status Active
Size 3,556 SF
Property subtype Commercial

Units

Unit Mix 3 x studio, 3 x 1BR
Multifamily Units 6
Individually Metered Utilities unspecified utilities

Taxes and HOA fees

Annual Taxes $33,324

Amenities

hardwood flooring
private outdoor space
functional kitchens

Building Details

Building Size 3,556 SF
Year Built 1955
Buildings 1
Stories 2
Units 6
Listed By: Gail Leone
Source: Clairedleone
Added: Jul 16 Changed: Oct 25 Last Checked: Oct 23 at 5:55PM

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 Gail Leone

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Investment Insights

Based on property information with market context.

This two-story apartment property contains six residences across approximately 3,556 square feet. The unit mix consists of three studios and three one-bedroom apartments. Interior features include hardwood flooring and functional kitchens, while private outdoor space is available to the residences.

Built in 1955, the building has utilities metered separately for each unit. The property is in Long Beach, New York, with the beach and boardwalk described as nearby.

Key Highlights

  • Six apartments: three studios and three one‑bedroom units
  • Approximately 3,556 gross square feet across two stories
  • Built in 1955

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The two-story property combines studio and one-bedroom residences with individually metered utilities.
Where is this apartment building located?
The property is located at 531 E Broadway Long Beach, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Six apartments: three studios and three one‑bedroom units; Approximately 3,556 gross square feet across two stories; Built in 1955
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