Property profile

750 Park Pl 790 Long Beach, NY 11561

OFF-MARKET
Manufacturing properties
Property ID
US63-1751654
25,000 SF 0.63 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 75,000-square-foot warehouse in Long Beach, NY, presents a unique opportunity for businesses seeking a strategically located industrial space. Situated on a 3.5-acre lot in Nassau County, this single-tenant property boasts six loading docks, 155 parking spaces, and 800 amps of power. Built in 1960, the warehouse features 16-foot ceiling heights and is zoned Ind B - Industrial. The interior and exterior are adaptable to build-to-suit tenant needs, with multiple overhead doors already installed. A backup generator and emergency lighting ensure operational continuity. While the entire 75,000 square feet is currently available, the space can be subdivided to accommodate various business requirements. Its convenient location offers easy access to major transportation arteries, including the New York & Atlantic Railway (less than ten miles away) and the Long Beach Bridge (less than two minutes away), providing seamless connectivity to all of Long Island and beyond. JFK Airport is within a 12-mile radius, and the Long Beach Train Station is a short ten-minute walk. The surrounding area boasts a strong workforce in trade, transportation, and utilities, with over 1,300 employees within a one-mile radius, making this an ideal location for warehousing, manufacturing, or distribution.

Property profile

Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Total area 25,000 SF
Lot 0.63 ac (27,356 SF)
APN 59-277-00-0006
UPID US63-1751654

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
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Pharmacy

Location

750 Park Pl, Unit 790 Long Beach, NY 11561-2110
Long Beach metro Census 416500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.92M

Owner & transaction history

since 2023
Last sale
$11.1M
6 recorded transactions
2023
$11.1M
2023
Price N/A
2022
Price N/A
2021
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $17.6M +17.0%
Auto repair, garage $16.4M +9.0%
Commercial (general) $16.2M +7.3%

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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