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    670 Long Bch Blvd Long Beach, NY 11561-2237

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    670 Long Bch Blvd Long Beach, NY 11561-2237

    View on Map
    • Office buildings
    • 5,666 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US63-4727563
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 670 Long Bch Blvd

    Year built
    2005
    Lot size
    0.37 lot acres
    Property size
    5,666 SF
    Property type
    Office buildings
    APN
    59-119-00-0011
    APU
    59119000011

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,000,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,970,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,725,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,670,000
      Change: -8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $3,420,000
      Change: -15% Conversion: Difficult
      RETAIL STORES
      $3,230,000
      Change: -19% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.6563
    Latitude
    40.5928
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $81,859
    $5,068
    $16,574
    $21,642
    -
    $0.00
    $0.00
    $2,164,200

    Comparable in this City

    • Value Estimation
      $775,000
      3,400 SF

      340 Park Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 3,400 SF
      340 Park Ave, Long Beach, NY 11561-3213
      View Details
    • Value Estimation
      $935,000
      4,387 SF

      250 Lido Blvd

      OFFICE BUILDING • 4,387 SF
      250 Lido Blvd, Lido Beach, NY 11561-5015
      View Details
    • Value Estimation
      $1,580,000
      7,980 SF

      370 Park Ave

      OFFICE BUILDING • 7,980 SF
      370 Park Ave, Long Beach, NY 11561-3213
      View Details
    • Value Estimation
      $2,050,000
      11,208 SF

      367 Park Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 11,208 SF
      367 Park Ave, Long Beach, NY 11561-3223
      View Details
    • Value Estimation
      $980,000
      4,274 SF

      266 Park Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 4,274 SF
      266 Park Ave, Long Beach, NY 11561-3212
      View Details
    • Value Estimation
      $1,340,000
      5,084 SF

      325 Park Ave

      PROFESSIONAL BUILDING (MULTI-STORY) • 5,084 SF
      325 Park Ave, Long Beach, NY 11561-3638
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

    • $5,500 /Mo

      Street Level Office/Storefront For Rent

      Street level office/storefront in practically Class A condition for rent.
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    • $3,500 /Mo

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    Long Beach, NY 11561-2237
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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