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121 W Chester Street, Long Beach, NY, 11561

7beds
4baths
3,398sqft
$1,199,000
$353price/sqft
$8,821/moest. monthly cost
$352,840/yrincome needed

About This Home

Welcome to this income-producing residential property in the heart of Long Beach. Calling all investors or end users looking for a prime investment opportunity or a home with income potential. Recently renovated, the first floor features approximately 1,234 SF and offers 3 bedrooms, 2 full bathrooms, a spacious kitchen, living room, and access to a fully finished basement of approximately 830 SF, providing additional living space. The second floor offers approximately 862 SF and includes 2 bedrooms, 2 bathrooms, and a private balcony. The third floor offers approximately 472 SF of additional finished space, providing flexibility for various uses. In total, the property offers approximately 3,397 SF including the basement and sits on a 6,000 SF (60 x 100) lot. The home also features a large backyard, garage, and a driveway with multiple parking spaces. Interior square footage breakdown: Basement: approximately 830 SF First Floor (3BR / 2BA): approximately 1,234 SF Second Floor: approximately 862 SF Third Floor: approximately 472 SF Conveniently located close to local shops, the LIRR train station, beach, and boardwalk, this property presents an excellent opportunity for both investors and owner-occupants

Getting Around

86
WalkingVery Walkable
40
TransitSome Transit
50
BikeBikeable

Schools

6/10
Lindell Boulevard SchoolGrades K-50.7 mi
5/10
Long Beach Middle SchoolGrades 6-84.7 mi
7/10

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • First Floor Bedroom,Open Floorplan

Heating & Cooling

  • Heating features: Has Heating (Unspecified Type)
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 3,398
  • Total interior livable area: 3,398 sqft

Property

Details

  • Parcel number: 1000590690000650
  • Special condition: None

Lot

  • Lot size: 6,000 sqft

Parking

  • Total spaces: 5
  • Parking features: Driveway,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Winter Weather
Cold Wave
Heat Wave
Ice Storm
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Nassau County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,062$72,744
Home Insurance *$480$5,760
Property Taxes $1,718$20,616
Electricity $561$6,738
Total$8,821$105,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$302,434/yr
40% on housing$264,630/yr
45% on housing$235,226/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$353This listing

vs Other Active Listings

Avg $/sqft

ZIP 11561$572
Nassau County$567

vs Homes Sold Last Month

Median $/sqft

ZIP 11561$522
Nassau County$510

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-12Listed for sale$1,250,000
2025-04-17Listing removed$3,800
2025-04-06Price change$3,800
2025-03-28Listed for rent$4,200
2024-08-20Listing removed--
2024-06-16Price change$3,600
2024-05-22Listed for rent$3,800
2023-08-01Listing removed--
2023-07-26Price change$3,100
2023-07-17Price change$3,300
2023-07-13Price change$3,350
2023-05-25Listed for rent$3,500
2023-05-15Listing removed--
2023-05-04Listed for rent$3,500
2021-04-01Listing removed--
2021-01-01Pending sale$525,000
2020-10-23Listed for sale$525,000
2016-01-21Listing removed$560,000
2015-10-23Listed for sale$560,000

For Sale by Agent

AgentTamta Gigilashvili
BrokerageDouglas Elliman Real Estate

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