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Property profile & analytics
OFF-MARKET Estimated value $2,985,000
Office buildings

670 Long Bch Blvd Long Beach, NY 11561-2237

5,666 SF 0.37 ac lot Built 2005
Entity Owned 22-yr Hold Free & Clear
Property ID
US63-4727563
Property summary
AI-generated overview

This exceptional two-story, 14,269 square foot office building presents a compelling investment opportunity in Long Beach, NY. Constructed in 2005, this Class B property boasts a fee-simple ownership structure and sits on a 0.41-acre lot. Currently configured as multi-tenant space with temporary occupants, the building offers significant flexibility for future use. The asking price is $4,750,000, translating to $333 per square foot. Its convenient location on Long Beach Boulevard places it directly on the n15 bus route, offering easy access to public transportation. Furthermore, its proximity to the heart of Long Beach provides easy access to a wealth of amenities, and its close proximity to the Island Park LIRR train station ensures convenient commuting options for employees and clients. The property's Commercial zoning allows for a variety of potential uses, making it an attractive prospect for investors seeking a versatile and well-located asset in a thriving Long Island community. The building's single structure comprises two stories, and the property's APN is 1000-59-119-00-0011-0. This is a rare opportunity to acquire a well-situated office building with strong potential for future growth and return on investment.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Total area 5,666 SF
Lot 0.37 ac (16,074 SF)
APN 59-119-00-0011
UPID US63-4727563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ipsidy Inc. (Bike/Boat/Book/etc) Store Corporate Office
  • The Studios by Bridgeworks Real Estate Agency
  • Planet Bank Credit Union
  • Riverside Funding Corporation Loan Service Bank
  • Long Beach Latino Civic Association Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.99M
Owner & transaction history
Bdp Realty Associates LLC · 22 yrs held
Bdp Realty Associates LLC
since 2004
4 recorded transactions
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $5.0M +24.3%
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