Property profile

405 Broadway Long Beach, NY 11561

OFF-MARKET
Hotels
Property ID
US63-2920947
7,800 SF 0.23 ac lot Built 1928
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,800 SF
Lot 0.23 ac (10,000 SF)
APN 59-159-00-0006
UPID US63-2920947

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
  • Restaurant
  • Alternative Medicine Practice Spa & Massage Center
  • Hotel & Motel Resort
  • Hotel & Motel Resort
  • IT Consulting Firm (Bike/Boat/Book/etc) Store

Location

405 Broadway Long Beach, NY 11561-4435
Long Beach metro Census 416702 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$870k
Comparable Approach Comparable
$649k
Blend (final) Blend
$760k

Owner & transaction history

since 2015
3 recorded transactions
2015
$160,000
2012
Price N/A
1969
Price N/A

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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