#United States #Atlantic Beach #New York Beach Club #Northgate Real Estate

A Prime Investment Opportunity in Atlantic Beach, NY

The New York Beach Club, along with a significant adjacent oceanfront parcel, is now one of the hottest real estate opportunities on the market. Located in Atlantic Beach, NY, this property has an impressive 775 feet of Atlantic Ocean frontage over a sprawling 11 acres, making it an exceptional find for potential investors. This bankruptcy sale marks not only a significant moment for the club but for the broader real estate landscape in New York.

Key Features of the Property

The beach club itself has demonstrated robust profitability, reporting gross revenues of approximately $3.32 million in 2025 with a net profit of $1.94 million last season. The club currently boasts 839 active members and provides numerous amenities, including:

• - A 22,740 square foot facility
• - 133 cabanas and 110 lockers
• - Four cabana courts and two pools
• - A private white-sand beach
• - An on-site beachfront restaurant and bar
• - Live entertainment and beachside yoga sessions

In addition to these features, the property includes 182 parking spaces, ensuring ample accessibility for members and guests.

Varied Interest from Potential Buyers

Greg Corbin, President of Northgate Real Estate Group, expressed confidence in the diverse range of interested buyers. This property attracts a mix of hospitality operators, family offices, real estate investors, and developers who each visualize unique avenues for value creation. Investors have the opportunity to maintain and further invest in the existing beach club or to explore broader redevelopment options. The location is only about 21 miles from Midtown Manhattan, making it attractive for investment.

Unique Characteristics of Oceanfront Properties

"You can’t replicate the oceanfront experience," says Corbin. In the realm of New York real estate, properties with such ocean access are rare. The beach club's combination of existing cash flow and potential for growth creates a compelling narrative for any investor.

The existing beach club allows for immediate revenue generation while offering long-term possibilities—whether it’s expanding operations or seeking alternative developments.

Long-Term Vision and Potential

Despite its current draw as a well-performing beach club, there is substantial potential for future redevelopment. Options could include residential developments beyond the current zoning provisions that may likely yield significant returns in the long term.

Mickey Salzman, Northgate’s VP of Business Development, emphasizes that buyers can reap immediate rewards from the operating beach club, with the land’s inherent values underscored by its prime location and amenities.

A Cultural Staple of Long Island

As an integral part of the Long Island cultural landscape, beach clubs like this have fostered family traditions for generations. Alexander Jacobson, owner of the New York Beach Club, highlights the legacy and community involvement that comes with operating such establishments. The current sale presents an opportunity to preserve this heritage while envisioning innovative advancements for the future.

Seeking Offers Now

Northgate Real Estate Group is now inviting stalking horse offers, setting a foundational price for interested parties to consider. This crucial step indicates a serious intent to encourage viable bids and establishes a competitive environment for the sale.

Investors eager to participate are encouraged to reach out for detailed documents and court-sanctioned bidding processes that outline how to engage with this once-in-a-lifetime opportunity.

In summary, the New York Beach Club and its adjoining parcel offer not just a prime beachfront location but a sanctuary of lifestyle and tradition for future generations of families in the community. It stands as a pivotal investment opportunity in a real estate market that values scarcity and potential—particularly along the New York coastline.