Prime Beach Club at 1751 and 1851 Ocean Boulevard
1751 Ocean Boulevard, ATLANTIC BEACH, NY 11509
Property Description
Northgate Real Estate Group is pleased to present an opportunity to acquire the land and improvements of a private oceanfront Beach Club through a Chapter 11 Bankruptcy Sale, together with a fee simple sale of a neighboring development parcel.
The offering is anchored by the land, improvements and operating business of the New York Beach Club at 1751 Ocean Boulevard, a turnkey hospitality destination situated on 8.26 acres of pristine oceanfront space and defined by an elevated private beach experience, with state-of-the art amenities that include a heated pool, children’s pool, bar, private cabanas, and a restaurant serving open-air oceanfront dining.
It is complemented by 1815 Ocean Boulevard, a 2.75 acre parcel generating invoiced parking income today while preserving long-term site-control and redevelopment opportunity. Together, the two assets function as a single waterfront operating system, delivering established cash flow today with meaningful upside for a forward-looking owner.
Property Details
Asset Type
Special Purpose
Year Built
1950
Acres
11
Neighborhood
ATLANTIC BEACH
Submarket
Atlantic Beach
ZIP
11509
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
$0
Cash-on-Cash Return
0.00%
Monthly Debt Service
$0
Annual Debt Service
$0
View on Map
Address
1751 Ocean Boulevard
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Atlantic Beach Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale
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