Check Availability
$1,250,000
Multifamily - For Sale

161 W Walnut Street

Long Beach, NY 11561
bedrooms
7 Beds
bathrooms
6 Baths, 1 Half Bath
$7,480
Estimated Monthly
$0
HOA / Fees
29.43%
Cap Rate

About This Property

Welcome to your dream property at 161 West Walnut St, nestled in the heart of the Westholmes area of Long Beach, just a mere 1600 feet away from the enchanting ocean. Prepare to be captivated by this classic two-family dwelling, exuding timeless charm and elegance. With seven spacious bedrooms and five full baths, this residence offers ample room for all your desires and needs. Step into a world of refined living, where every detail has been meticulously attended to. This home is truly a testament to exceptional maintenance, featuring all-new gutters, windows, doors, and stucco. A standout feature is the outstanding outside porch, where you can unwind and relish in the delightful coastal breeze. One of the most impressive aspects of this property is its resilience during challenging times. Even during the infamous hurricane Sandy, the basement remained untouched by water, providing you with peace of mind and security. For the automobile enthusiasts, the property boasts an oversized driveway, easily accommodating up to six cars, in addition to a full car detached garage-a true luxury in a bustling area like this. The generously sized backyard offers a wealth of possibilities, whether you want to create a lush garden oasis, a serene retreat, or a lively entertainment space. Stay comfortable year-round with the convenience of central air conditioning throughout the entire home, ensuring a cool and pleasant atmosphere in every season. As you step inside, you'll be greeted by the first floor's fantastic open concept layout, adorned with beautiful hardwood floors, abundant natural light, and soaring 9-foot ceilings, creating an ambiance of openness and grandeur. The first floor itself boasts open concept kitchen, living room, dining room, laundry and half bath. Second floor consists of the primary ensuite (full bath) and an additional bedroom and full bath for the main house with a portion of that floor separated for the 2nd unit which consists of 2 bedrooms, living room, kitchen, dining room and full bath. Head on up to the 3rd floor and you'll find 3 more bedrooms with a full bath for the main house. This property is not just a home; it's a savvy investment opportunity. Equipped with two boilers, two hot water heaters, and two electric meters, you have the flexibility to explore various rental possibilities, adding to your financial prosperity. One of the most alluring aspects of this property is its extremely low taxes and flood policy, ensuring that you can savor the pleasures of living in this desirable location without undue financial burdens. In summary, 161 West Walnut St is a timeless gem, combining classic elegance, outstanding condition, and a superb location (close to restaurants, LIRR, and shops), all within a short distance of the majestic Long Beach boardwalk and Atlantic ocean. Don't miss the chance to make this dream property yours and embark on a life of coastal luxury, comfort, and investment potential. Welcome home!
Unit Size
-
Days on Market
271 days
Land Size
0.09 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,342
HOA Dues
-
Year Built
1940
Listed By
Glen Fox
Glen Fox
Douglas Elliman Real Estate
Kristin Altfather
Kristin Altfather
Douglas Elliman Real Estate
Last updated: 5 months ago (OneKey MLS #ONE3495239)

Price History

Date / Event Date Event Price
Aug 2, 2023 Listed by Douglas Elliman Real Estate $1,250,000
Listed by Douglas Elliman Real Estate

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Total Number of Parking: 4
Parking Features: Private, Detached, 1 Car Detached
Garage Spaces: 1
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 5

Interior Information

Interior Features: Master Downstairs, Entrance Foyer, Master Bath, Walk-In Closet(s)
Appliances: Dishwasher, Freezer, Washer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer

Room 1

Level: Basement
Type: 2 separate storage rooms/ full bath

Room 2

Level: First
Type: open concept kitchen/ DR/ LR/ laundry/half bath

Room 3

Level: Second
Type: primary ensuite (Full bath) / additional bedroom #2/ full bath

Room 4

Level: Third
Type: Bedroom #3, #4, #5/ 1 bath

Room 5

Level: Other
Type: 2nd unit- 2 bedrooms (#6, #7) / 1 full bath/ Kitchen/ living room/ dining

Room Information

Rooms: 15

Basement Information

Basement: Full

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
5 Beds
3 Baths
-
$955,000 May 23, 2023
$955,000 Aug 18, 2023
$1,292/mo
Multifamily
9 Beds
8 Baths
-
$1,250,000 Jan 27, 2020
$1,250,000 Mar 30, 2021
$1,766/mo
House
4 Beds
3 Baths
-
$1,100,000 May 10, 2023
$1,100,000 Aug 23, 2023
$1,109/mo
House
5 Beds
6 Baths
-
$1,010,000 Mar 21, 2022
$1,010,000 Sep 30, 2022
$1,168/mo
House
4 Beds
5 Baths
-
$1,165,000 Jul 22, 2022
$1,165,000 Aug 9, 2022
$1,114/mo
House
5 Beds
3 Baths
-
$1,055,000 May 13, 2022
$1,055,000 Oct 11, 2022
$917/mo
Multifamily
6 Beds
4 Baths
-
$1,125,000 Oct 2, 2023
-
$1,621/mo
Multifamily
5 Beds
4 Baths
-
$1,200,000 Feb 17, 2023
-
$1,759/mo
House
5 Beds
3 Baths
-
$1,499,999 Aug 22, 2023
-
$770/mo
House
5 Beds
4 Baths
-
$1,200,000 May 5, 2023
-
$1,727/mo
House
4 Beds
4 Baths
-
$1,300,000 Oct 15, 2021
-
$2,110/mo
House
5 Beds
3 Baths
-
$1,299,999 Nov 21, 2023
-
$1,181/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

161 West Walnut Street 161 West Walnut Street, Long Beach, NY 11561
  • 1 Unit for Sale
More about this Building
161 West Walnut Street
Want to find out who owns 161 West Walnut Street, Long Beach, NY 11561? Get detailed property transactions here .

About Central District


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