Legal Three-Family Investment
10 Sally Ln Ridge, NY 11961
New
For Sale
$925,000
Fully occupied legal three-family with off-street rear parking on a partially cleared, wooded lot.
Lot Size0.75 Acres
Days on Market4
Property Features for 10 Sally Ln
General Information
Standard status
Active
Lot size
0.75 Acres
Property subtype
Investment
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker American Homes
(631) 838-8842
Listed By:
Carmine Capobianco
(631) 838-8842
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 27 at 10:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
This legal three-family residence is fully occupied and, according to the provided remarks, is currently producing strong annual income. The property sits on a large lot that is partially cleared with a private wooded surrounding. Off-street parking is available in the rear of the home.
The property is located in Suffolk County within a quiet residential area. The remarks also note convenient access, with the home described as close to major highways, the LIRR, and shopping.
The provided information indicates that tenants pay for their own electricity and heat, while the owner is responsible for taxes and water, plus insurance and other low-maintenance expenses.
The property is located in Suffolk County within a quiet residential area. The remarks also note convenient access, with the home described as close to major highways, the LIRR, and shopping.
The provided information indicates that tenants pay for their own electricity and heat, while the owner is responsible for taxes and water, plus insurance and other low-maintenance expenses.
Key Highlights
- Legal three‑family (by CO) is fully occupied
- NOI over $68,000/year reported with a CAP rate close to 7% this year (pro‑forma attached)
- Tenants pay their own electric and heat; owner pays taxes, water, and insurance
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied legal three-family with off-street rear parking on a partially cleared, wooded lot.
Where is this triplex located?
The property is located at 10 Sally Ln Ridge, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Legal three‑family (by CO) is fully occupied; NOI over $68,000/year reported with a CAP rate close to 7% this year (pro‑forma attached); Tenants pay their own electric and heat; owner pays taxes, water, and insurance
