Property profile

191 Long Beach Rd Island Park, NY 11558

FOR SALE
Specialty properties
Property ID
US63-2659565
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191 Long Beach Rd, Island Park, NY 11558
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Property summary

AI-generated overview

This exceptional Island Park property, located at 191 Long Beach Rd, presents a unique investment opportunity. Priced at $3,000,000, this single-story, special-purpose building sits on a substantial 9,558 square foot lot (Section 43, Block 47, Lot 15-22). Currently zoned for business use, it offers significant potential for a variety of applications, including religious services, educational institutions, funeral homes, or retail ventures. The building features gas heating and electric air conditioning, with a 600-amp electrical service. On-site parking includes seven spaces within the lot, supplemented by ample municipal and street parking options. Its convenient location provides easy access to public transportation, including the LIRR station and bus routes, as well as nearby banks, restaurants, and shops. This prime location and versatile zoning make this property an attractive investment for a wide range of buyers seeking a well-situated building in a thriving community. The property's size and amenities offer considerable flexibility for future development and adaptation to suit specific needs. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.

Property profile

Verified
Property type Specialty properties
UPID US63-2659565

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Synagogue

Location

191 Long Beach Rd Island Park, NY 11558
Island Park metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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