Overview
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.
Investment Highlights
Operating Beach Club + 11.01 Acres of Oceanfront Real Estate
A unique opportunity to acquire an established hospitality operating business and the fee simple real estate beneath it, together with an adjacent oceanfront parcel, totaling approximately 11 acres and 775 feet of direct Atlantic Ocean frontage.
8.26 Acre Oceanfront Beach Club, 1751 Ocean Boulevard
Active, revenue producing private club with pools, cabanas, beachfront restaurant and bar, events and other amenities, offered turnkey with no immediate buildout required.
2.75 Acre Oceanfront Parcel, 1815 Ocean Boulevard
Adjacent oceanfront parcel, formerly home to the New Plaza Beach Club, currently generating seasonal parking income while preserving flexibility for future use.
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Sales Team
