517 E Broadway, Long Beach, NY 11561

$899,999 · 5 bed · 3 bath · 2,016 sq ft · built 1954 · MLS# 1064385 · Active

Welcome to this multifamily property in the heart of Long Beach, conveniently located near the boardwalk. The first-floor features 2 bedrooms and 1 full bathroom, with the current lease ending in June. The second-floor offers 3 bedrooms and 1.5 bathrooms, with the current lease ending in December. Enjoy a great Long Beach location close to the boardwalk, local shops, restaurants, and area amenities.

Two-to-three-family homes in the Long Beach City School District sold for a median of $960,000 (typically $825,000–$1,100,000) across 34 recorded sales between Oct 22, 2025 and Oct 2, 2026, up 6.7% on the 12 months before.

ZIP 11561 has about 5.1 months of multi-family inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $15,500 a year, this home's property tax runs roughly 11% above the $14,000 typical for Long Beach City School District. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax