Atlantic Beach Club Hits Bankruptcy Market With Oceanfront Prime Land
A rare 11-acre stretch of Atlantic coastline in Atlantic Beach, New York, is heading to a court-supervised bankruptcy sale. The property, which includes the New York Beach Club and an adjacent parcel, features 775 feet of ocean frontage and generated $1.94 million in profit last season, attracting immediate interest from developers.
Northgate Real Estate Group is managing the sale, currently seeking stalking horse offers to establish a floor price for the combined assets. Located just 21 miles from Midtown Manhattan, the site includes a 22,740-square-foot club with 133 cabanas, 110 lockers, and two pools. As of July 2026, the club maintained a membership base of 839 individuals, providing a stable, immediate revenue stream for prospective buyers.
Greg Corbin, president of Northgate, noted that the property appeals to a wide range of investors, from hospitality operators to family offices. While the club is currently fully operational, the site offers significant long-term potential for expansion, including rooftop event spaces or future residential redevelopment. Unlike typical commercial real estate transactions in New York, the scarcity of such large, contiguous oceanfront parcels makes this a singular opportunity to secure a legacy asset within the Long Island cultural landscape.
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