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Address: ‎78-84 E Park Avenue
Zip Code: 11561
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$6,999,999
MLS # 1009796
English
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Douglas Elliman Real Estate Office: ‍516-432-3400

$6,999,999 - 78-84 E Park Avenue, Long Beach, NY 11561|MLS # 1009796

MLS #‎ 1009796
Construction Year1920
Taxes
(per year)
$67,149
Fuel TypeElectric
Heat typeElectric
LIRR0.2 miles: "Long Beach"
1 miles: "Island Park"
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房屋英文概況 English Description

Rarely does a trophy mixed-use asset of this caliber surface in Long Island’s most coveted coastal market - Long Beach. Presenting a fully gut-renovated 10-unit free market residential building paired with 4 ground-floor commercial storefronts and a dedicated laundry room for tenants— a combined 14 income-producing units in the heart of Long Beach, NY.

The Property:
Renovated in 2025 and finished with spa-caliber finishes throughout, this is not a cosmetic renovation — it is a complete reimagining.
Residential units showcase high-end, turnkey interiors that command top-of-market rents, while the four street-level commercial spaces deliver diversified income and powerful pedestrian foot traffic.
The Location is Irreplaceable:
Situated just 3 blocks from the Atlantic Ocean, residents enjoy world-class beachfront lifestyle year-round. The building sits directly across from the Long Beach LIRR commuter rail station, placing Manhattan within easy reach — a combination of coastal living and transit convenience that drives perpetual, recession-resistant demand. Long Beach’s red-hot rental market, vibrant restaurant and retail scene, and continued influx of city-to-suburb migration make this one of the strongest fundamentals stories on all of Long Island.
Free market status means no rent stabilization caps — full upside as the market grows. With 10 residential apartments and 4 commercial units, this asset delivers immediate cash flow across two income streams with long-term appreciation baked in. A fully renovated building means minimal near-term capital expenditure and a truly turnkey ownership experience from day one.

Opportunities like this — gut renovated, free market, mixed-use, steps from the beach, across from transit — are extraordinarily scarce on Long Island. This is the kind of asset institutional investors and family offices compete fiercely for, and rarely find.
Buy it. Hold it. Pass it down for generations.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Douglas Elliman Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Courtesy of Douglas Elliman Real Estate

公司: ‍516-432-3400




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$6,999,999
COMMERCIAL
MLS # 1009796
‎78-84 E Park Avenue
Long Beach, NY 11561


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