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For sale
  • Price cut: $500K (7/22)
    $6,499,999

    78-84 E Park Avenue, Long Beach, NY 11561

    --beds
    --baths
    9,200sqft
    Loading
    Duplex, Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $707/sqft
    $-- HOA

    What's special

    Spa-caliber finishes throughoutHigh-end turnkey interiorsFully renovated building
    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.
    66 days
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    369
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    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman Real Estate 516-432-3400,

    Jonathan Yunger 516-993-8556,

    Tamta Gigilashvili 646-696-0309,

    Douglas Elliman Real Estate

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1013682MLS Logo

      Facts & features

      Interior

      Heating
      • Electric
      Cooling
      • Electric
      Features
      • Open Floorplan
      Interior area
      • Total structure area: 9,200
      • Total interior livable area: 9,200 sqft

      Property

      Parking
      • Parking features: None
      Lot
      • Size: 5,000 Square Feet
      Details
      • Parcel number: 1000590970001340
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Trash Collection Public, Water Available

      Community & HOA

      Location
      • Region: Long Beach

      Financial & listing details

      • Price per square foot: $707/sqft
      • Tax assessed value: $12,335
      • Annual tax amount: $67,149
      • Date on market: 6/15/2026
      • Cumulative days on market: 67 days
      • Listing agreement: Exclusive Right To Sell
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Price change$6,499,999-7.1%$707/sqft
        Source: OneKey® MLS as distributed by MLS GRID #1013682 Report a problem
        6/5/2026Listed for sale$6,999,999$761/sqft
        Source: Douglas Elliman #1009796 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2023-- $11,590
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 11561

        Getting around

        88 / 100
        Very Walkable
        40 / 100
        Some Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: East Elementary School
        • Middle: Long Beach Middle School
        • High: Long Beach High School

        Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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