Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    750 Park Pl, Unit 790 Long Beach, NY 11561-2110

    • Manufacturing properties
    • 51,604 SF
    • 2.78 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2023
    $11,100,000
    Value Estimations
    $11,020,000
    Show details
    Cap Rate Potential
    6.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US63-3063539
    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.

    Current Use by Public Records

    • CHEM Rx / Pharmacy
    • Gladis Goodman / Pharmacy
    • Amanda Silva / Pharmacy
    • Deborah Mazzola / Pharmacy
    • Irien Moawad / Pharmacy

    Property Details for 750 Park Pl

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.78 lot acres
    Property size
    51,604 SF
    Property type
    Manufacturing properties
    APN
    59-277-00-0001
    APU
    59277000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,920,000
      ML approach
      $10,605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,310,000
      6.5%
      $11,360,000
      7%
      $10,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Nassau
    State
    New York
    Longitude
    -73.6608
    Latitude
    40.593
    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
    $192,125
    $55,581
    $1.00
    $55,582
    -
    $0.00
    $0.00
    $5,558,200

    Comparable in this City

    • Value Estimation by Request
      160 SF

      600 Magnolia Blvd

      FACTORY (MANUFACTURING) • 160 SF
      600 Magnolia Blvd, Long Beach, NY 11561-1931
      View Details
    • Value Estimation
      $1,870,000
      15,151 SF

      140-150 Pne St

      MANUFACTURING (LIGHT) • 15,151 SF
      140-150 Pne St, Long Beach, NY 11561
      View Details
    • Value Estimation by Request
      960 SF

      600 Magnolia Blvd

      FACTORY (MANUFACTURING) • 960 SF
      600 Magnolia Blvd, Long Beach, NY 11561-1931
      View Details
    • Value Estimation by Request
      240 SF

      600 Magnolia Blvd

      FACTORY (MANUFACTURING) • 240 SF
      600 Magnolia Blvd, Long Beach, NY 11561-1931
      View Details
    • Value Estimation by Request
      0.05 Acres

      600 Magnolia Blvd

      FACTORY (MANUFACTURING) • 0.05 Acres
      600 Magnolia Blvd, Long Beach, NY 11561-1931
      View Details
    • Value Estimation by Request
      160 SF

      600 Magnolia Blvd

      FACTORY (MANUFACTURING) • 160 SF
      600 Magnolia Blvd, Long Beach, NY 11561-1931
      View Details

    Similar Nearby for Sale

    • $679,000
      Pending

      Long Beach Duplex For Sale

      Duplex in the heart of Long Beach, New York.
      16 E Pine St, Long Beach, NY 11561
      View Details
    • $1,799,000

      Oceanfront Multifamily Redevelopment Opportunity

      Four multifamily properties with redevelopment potential and direct boardwalk access.
      664 W Broadway, Long Beach, NY 11561
      View Details
    • $8,590,000
      30,140 SF

      Long Beach Multifamily Conversion Opportunity

      Vacant beachfront property suitable for hospitality or residential conversion.
      485 W Broadway, Long Beach, NY 11561
      View Details
    • $569,000

      Oceanfront Junior-4 with Parking

      Long Beach waterfront living with direct ocean views and parking.
      522 Shore Rd, Long Beach, NY 11561
      View Details
    • $525,000

      Long Beach Apartment Building For Sale

      Apartment building for sale in Long Beach, New York.
      700 Shore Rd, Long Beach, NY 11561
      View Details
    • $289,999

      Studio Apartment Near Long Beach

      Bright studio apartment near the beach, restaurants, and LIRR.
      1 E Broadway 3R, Long Beach, NY 11561
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      75,000 SF

      Long Beach Warehouse - 75,000 SF

      Prime Long Island industrial space, fully vacant.
      750 Park Pl, Long Beach, NY 11561
      View Details
    • Contact for pricing
      1,179 SF

      Former Salon Space Near LIRR

      Retail space near LIRR station with ample parking.
      124-132 E Park Ave, Long Beach, NY 11561
      View Details
    • $3,500 /Mo

      Oceanfront Apartment in Atlantic Beach

      Furnished apartment with direct oceanfront views and beach access.
      3 Oswego Ave, East Atlantic Beach, NY 11561
      View Details
    • $3,150 /Mo

      Remodeled Apartment with City Views

      Remodeled 2-bedroom apartment with modern amenities and city views.
      740 E Broadway 3E, Long Beach, NY 11561
      View Details
    • $3,500 /Mo

      Three Bedroom Apartment Near Beach

      Comfortable three-bedroom apartment, newly painted and carpeted, near the beach.
      47 Kentucky St, Long Beach, NY 11561
      View Details
    • $2,075 /Mo

      Coastal Studio Apartment with Balcony

      Bright studio apartment near the beach with private balcony.
      345 Shore Rd, Long Beach, NY 11561
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Park Pl, Unit 790
    Long Beach, NY 11561-2110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.