Financial
Distress signals
Property profile

120 West Park Ave Long Beach, NY 11561

FOR SALE
Office buildings
Property ID
US63-0262034
2,860 SF 0.23 ac lot Built 1962
Last sale Jul 2017 · $2,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A fully renovated three-story Class B office building located in central Long Beach, New York. The building is configured for flexible, multi-tenant occupancy and supports a range of professional and related uses, including office, medical, wellness, and boutique service operations. More than half of the building has been operated as shared/co-working space, and the ground-floor level includes a retail tenant space formerly occupied by a fitness business. The property includes parking and is

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$74k
Tax billed · 2023
Assessed value$26k
Assessed land$3k
Assessed improvement$23k
Effective rate289.27%

Value estimate

· Sep 2026
$1.37M
$1.23M – $1.51M
Submarket $/SF estimate$1.27M
NOI build-up
Gross scheduled income$607k
Vacancy & credit loss−$84k
Operating expenses−$209k
NOI · 6.40% cap applied$314k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$706/SF
County average, outlier-cleaned · 295 recorded sales of this use type
Observed band · Q1–Q3$368 – $1,136
Qualifying comparables10

Cap rate analysis

How does the asset earn?
6.40%
$314k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon20.0
Daycare Center15.6
Law Firm14.8

Location

120 West Park Ave Long Beach, NY 11561
County assessor Recorded deeds · 8 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 104th W, Long Beach, NY 11561 $3,500,000 Jan 2025 4,770 SF
210-214 Park, Long Beach, NY 11561 $2,000,000 Aug 2023 5,100 SF
216 Park, Long Beach, NY 11561-3212 $2,000,000 Aug 2023 5,100 SF
335 Park, Long Beach, NY 11561-3223 $849,000 Jan 2023 1,840 SF
309 Park, Long Beach, NY 11561-3241 $2,200,000 Oct 2022 6,370 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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