Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    433 Atlantic Ave Oceanside, NY 11572

    Sponsored
    For Sale
    $2,200,000

    Four-unit apartment building, high upside potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This four-unit apartment building at 433 Atlantic Avenue, Oceanside, NY 11572, presents a compelling value-add investment opportunity. Currently generating a net operating income (NOI) of $118,000 and a 5.36% capitalization rate, the property offers significant upside potential. A pro-forma NOI of $158,800 and a pro-forma cap rate of 7.22% are projected, reflecting the opportunity to increase rental income by aligning current rents with market rates. Located in the vibrant community of Oceanside, this property benefits from its proximity to numerous retail establishments, including Stop & Shop, PC Richards, and Dunkin', as well as the Woodcrest Luxury Apartments. Its convenient location, a short walk from the Oceanside Long Island Rail Road station, enhances its appeal to commuters and tenants. The asking price for this multifamily property is $2,200,000. This Nassau County investment presents a strong chance for substantial returns through rental increases. The property's current below-market rents provide a clear path to improved profitability.

    Property Features for 433 Atlantic Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    4

    HighLights

    • Significant upside potential due to below‑market rents, offering a strong value‑add opportunity.
    • High‑traffic location ensures consistent foot traffic and strong visibility for your business.
    • The property boasts a flexible floor plan easily adaptable to various business needs.
    • Ample on‑site parking provides convenient access for employees and customers.
    • The property benefits from a strong tenant roster with long‑term leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rainbow Nursery & Landscaping Plant Nursery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    Nassau
    State
    New York
    Longitude
    -73.651726774885
    Latitude
    40.640555965593

    Nearby Similar for Sale

    • $949,000
      Pending

      Oceanside Duplex: Income Opportunity

      Spacious Oceanside duplex on a large lot, ideal for investors.
      204 Bayside Ave, Oceanside, NY 11572
      View Details
    • $789,000
      Pending

      Oceanside Legal Two-Family Residence

      Legal two-family home with income potential in Oceanside, NY.
      25 Sunnybrook Dr E, Oceanside, NY 11572
      View Details
    • $949,000

      Oceanside Duplex: Income Opportunity

      Spacious duplex in Oceanside's commercial district, ideal for investors.
      204 Bayside Ave, Oceanside, NY 11572
      View Details
    • $14,335,200
      3,500 SF

      Freestanding Bank of America in Oceanside

      Single tenant bank with absolute NNN lease and zero responsibilities.
      2756 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $290,000

      Turnkey Restaurant Business For Sale

      Turnkey restaurant with liquor license, seating, and high visibility.
      2757 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $549,000

      Two-Family Home with Garage

      Two-family home in Oceanside with business potential.
      2848 Woods Ave, Oceanside, NY 11572
      View Details
    • $450,000

      Luxury Medical Spa in Oceanside

      High-end medical spa for sale in Oceanside, Long Island.
      3173 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $999,999
      2,200 SF

      Oceanside Mixed-Use Property For Sale

      Mixed-use property in Oceanside with residential and commercial spaces.
      3116 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $999,999

      Oceanside Mixed-Use Property For Sale

      Mixed-use property in Oceanside with residential and commercial spaces.
      3116-3118 Long Beach Rd, Oceanside, NY 11572
      View Details
    • $649,999

      Oceanside Two-Family Home

      Two-family home in Oceanside, suitable for generational living.
      2282 Saratoga St, Oceanside, NY 11572
      View Details
    • $1,699,000
      8,374 SF

      Mixed-Use Investment Property For Sale

      Impeccably maintained, fully occupied mixed-use property with a 7% cap rate.
      307 Woods Ave, Oceanside, NY 11572
      View Details
    • $385,000

      Oceanside Apartment Building for Sale

      Apartment building in Oceanside, NY, available for purchase.
      100 Daly Blvd, Oceanside, NY 11572
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Four-unit apartment building, high upside potential.
    Where is this multifamily property located?
    The property is located at 433 Atlantic Ave Oceanside, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Significant upside potential due to below-market rents, offering a strong value-add opportunity.; High-traffic location ensures consistent foot traffic and strong visibility for your business.; The property boasts a flexible floor plan easily adaptable to various business needs.
    Request Owner's contact information
    433 Atlantic Ave Oceanside, NY 11572
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    433 Atlantic Ave
    Oceanside, NY 11572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    433 Atlantic Ave Oceanside, NY 11572
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.