531 E Broadway, Long Beach, NY 11561
Nassau County
Key Facts
Description
Welcome to 532 E Broadway, a six-unit multi-family building comprised of three studio apartments and three one-bedroom apartments, ideally situated in the heart of Long Beach. Built in 1955 and offering approximately 3,556 gross square feet across two stories, the property presents a compelling opportunity for investors seeking a well-located, income-producing asset just moments from the beach and boardwalk. The building's residences feature comfortable, light-filled layouts with hardwood flooring, private outdoor space, and functional kitchens. Utilities are individually metered by unit, simplifying operations and expenses for ownership. With low property taxes relative to the area and a location prized by both year round residents and seasonal renters, 532 E Broadway offers a rare combination of coastal lifestyle and long-term investment value.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1955
Stories
2
Living Area
3,556 sq ft
Lot Size
0.09 acres
MLS® Listing#
1021226
Property Features
Cooling
Heating
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- East Elementary School
- Middle:
- Long Beach Middle School
- High:
- Long Beach High School
Financial Details
Annual Taxes
$33,324
Assessed Value
$6,434
Parcel Number
1000-59-175-00-0018-0
Affordability Calculator
$500,000
Estimated monthly payment
$13,306/mo
Principal $2,000,000 · Est. interest $2,790,178 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Long Beach, NY
- $886,885
- Median Listing Price
- 75
- Median Days on Market
- 1,445
- Median Sq Ft
- $586
- Median Price / Sq Ft
- 571
- Active Listings
- This home’s price is 182% above the area median.
- Its price per sq ft is 20% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Long Beach, NY.
Location
Points of Interest in Long Beach, NY
Showing the Long Beach area map.
Nearby Schools
East Elementary School
Elementary · 0.4 mi away
Harriet Eisman Community School
School · 0.6 mi away
Our Little Learning Environment
School · 0.7 mi away
Long Beach High School
Secondary · 1.0 mi away
Lido Elementary School
Elementary · 1.1 mi away
Long Beach Middle School
Secondary · 1.1 mi away
Torah High School of Long Beach
Secondary · 1.1 mi away
Francis X Hegarty Elementary School
Elementary · 1.3 mi away
Island Park Public Schools
School · 1.3 mi away
Little Seashell Nursery
School · 1.5 mi away
Island Park Lincoln Orens Middle School
Secondary · 1.5 mi away
Hebrew Academy of Long Beach
School · 1.6 mi away
Lindell Elementary School
Elementary · 1.8 mi away
Long Beach Catholic Regional School
School · 1.9 mi away
West Elementary School
Elementary · 2.5 mi away
Boardman Elementary School
Elementary · 2.8 mi away
Oceanside Middle School
Secondary · 2.9 mi away
School 8
Elementary · 3.3 mi away
School 4
Elementary · 3.4 mi away
Bright Star Academy
School · 3.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 221-223 E Park Avenue, Long Beach, NY | $1,750,000 | — | — | 5,000 |
| 46-30 21st Street 9A, Long Island City, NY | $1,750,000 | 2 | 2 | 968 |
| 460 E Market Street, Long Beach, NY | $1,750,000 | 4 | 4 | 4,000 |
| 157-36 85th Street, Howard Beach, NY | $1,775,000 | 4 | 5 | 3,776 |
| 701 Park Place, Long Beach, NY | $1,775,000 | — | — | 5,000 |
| 11-02 49th Avenue PH1C, Long Island City, NY | $1,795,000 | 2 | 3 | 1,380 |
Moving Cost Estimate
EXIT Agents in Long Beach
Listing Courtesy: Douglas Elliman Real Estate - 5166213555
Presented by: Darren Desrameaux
Fair Housing Notice