Mixed-Use Building with
For Sale
Contact for pricing
906 W BEECH ST, Long Beach, NY 11561
Ground-floor restaurant/bar space and second-floor office or commercial space within a corner mixed-use building.
Property Size4,066 SF
Price / SF$885.39
Days on Market51
Property Features for 906 W BEECH ST
General Information
Standard status
Active
Size
4,066 SF
Class
B
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$210,000
Building Details
Year Built
1922
Year Renovated
2025
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Reliant Realty Group LLC
Listed By:
Lorena Costa · License #NY
Source:
Crexi
Added: Jul 16
Changed: Aug 22
Last Checked: Sep 4 at 1:53PM
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 Reliant Realty Group LLC
Investment Insights
Based on property information with market context.
This mixed-use building includes fully built-out restaurant/bar space on the ground floor and additional office or commercial space on the second level. The property was originally constructed in 1922 and is configured to support multiple commercial uses under one roof.
Situated at 906 W. Beech Street on a corner location, the building is positioned with strong street presence and benefits from heavy pedestrian and vehicular traffic per the seller’s remarks. The property is described as being steps from the beach and surrounded by restaurants, nightlife, retail, and year-round residential density in Long Beach’s West End.
With both dining and workspace areas already in place, the building is well suited for investors seeking a multi-income structure or owner-users looking for a live-work retail concept, subject to municipal approvals for any continued or expanded use.
Situated at 906 W. Beech Street on a corner location, the building is positioned with strong street presence and benefits from heavy pedestrian and vehicular traffic per the seller’s remarks. The property is described as being steps from the beach and surrounded by restaurants, nightlife, retail, and year-round residential density in Long Beach’s West End.
With both dining and workspace areas already in place, the building is well suited for investors seeking a multi-income structure or owner-users looking for a live-work retail concept, subject to municipal approvals for any continued or expanded use.
Key Highlights
- Approximately 4,066 SF mixed‑use commercial building built in 1922 at 906 W. Beech Street
- Ground‑floor restaurant/bar space plus second‑floor office or commercial space with a flexible layout
- Corner location with heavy pedestrian and vehicular traffic for strong street‑level presence
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
$188,185
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
5.23%
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%
$3,763,700
$3.8M
Cap Rate 7%
$2,688,357
$2.7M
Cap Rate 9%
$2,090,944
$2.1M
Market Conditions
NOI Build-Up for 4,066 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
$268.4K $66.00/SF
− Vacancy
−$17.4K −$4.29/SF
EGI
$250.9K $61.71/SF
− OpEx
−$62.7K −$15.43/SF
NOI
$188.2K $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 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%
$3,763,700
Cap Rate 7%
$2,688,357
Cap Rate 9%
$2,090,944
Alternative Uses
Best Use
Specialty Retail
$2.69M
$2.35M – $3.14M
NOI $188,185 @ 7.0% cap · market cap 5.23%
Second Best
Office B
$998.8K
$874.0K – $1.17M
NOI $69,916 @ 7.0% cap · market cap 1.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor restaurant/bar space and second-floor office or commercial space within a corner mixed-use building.
Where is this mixed-use property located?
The property is located at 906 W BEECH ST Long Beach, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Approximately 4,066 SF mixed‑use commercial building built in 1922 at 906 W. Beech Street; Ground‑floor restaurant/bar space plus second‑floor office or commercial space with a flexible layout; Corner location with heavy pedestrian and vehicular traffic for strong street‑level presence
