Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    227 Albany Ave Amityville, NY 11701

    Sponsored
    For Sale
    $1,088,000

    7-Unit Building, High-Income Potential

    Property size:
    4,021 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4,021 square foot mixed-use property in Amityville, NY, presents a compelling investment opportunity. Located just off Sunrise Highway, this seven-unit building boasts prime visibility and excellent signage opportunities. The property includes 23 parking spaces, high ceilings, strategically placed curb cuts, air conditioning, and all-new LED lighting. Each unit is equipped with 200-amp power. The building's advantageous location places it amongst a vibrant mix of national retailers and businesses, including Starbucks, Mercedes-Benz, Target, Home Depot, and many more, ensuring high foot traffic and strong tenant demand. Currently configured with a real estate office, a deli, and five additional units (three offices and two apartments), the property offers a pro forma gross annual income of $146,400 and a net operating income (NOI) of $120,678, representing an 11.09% capitalization rate. Annual expenses total $25,722, encompassing insurance and taxes. All units are currently available, allowing for immediate occupancy or redevelopment to suit your vision. This property is ideal for investors seeking strong returns or developers looking to capitalize on its significant upside potential. The property can be delivered vacant if needed.

    Property Features for 227 Albany Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,021 SF

    Building Details

    Year Built
    1952
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Amityville
    County
    Suffolk County
    State
    New York
    Longitude
    -73.41301
    Latitude
    40.68884

    Nearby Similar for Sale

    • $899,000
      0.09 Acres

      Amityville Mixed-Use Commercial Property

      Well-maintained, versatile commercial property with high visibility on Broadway.
      159 Broadway, Amityville, NY 11701
      View Details
    • $949,000
      Pending

      Amityville Legal Two-Family Home

      Legal two-family home in Amityville with income potential.
      168 Oldfield Ave, Amityville, NY 11701
      View Details
    • $250,000

      Amityville Apartment with Courtyard View

      Apartment near shopping and transportation with parking included.
      700 Broadway 5, Amityville, NY 11701
      View Details
    • $320,000

      Amityville Apartment with Courtyard View

      Apartment near shopping and transportation with courtyard view.
      700 Broadway 28, Amityville, NY 11701
      View Details
    • $247,999

      Amityville First Floor One Bedroom

      Maintenance-free unit near schools, shopping, and transportation.
      295 Merrick Rd, Amityville, NY 11701
      View Details
    • $499,000

      Amityville Upper Level Condo

      Two-bedroom, two-bath condo with amenities in Amityville, NY.
      66 Sarah Ct, Amityville, NY 11701
      View Details
    • $200,000

      Updated One-Bedroom Apartment For Sale

      One-bedroom apartment with updated kitchen, close to highways and shopping.
      700 Broadway 22, Amityville, NY 11701
      View Details
    • $24,000,000
      112,000 SF

      Industrial Building with Ample Parking

      Two-tenant industrial building in Babylon, offering potential tax benefits.
      115-119 Albany Ave, Amityville, NY 11701
      View Details
    • $399,000

      Amityville Multifamily Property for Sale

      Multifamily property in Amityville, NY, available for purchase.
      200 Merrick Rd, Amityville, NY 11701
      View Details
    • $40,000

      Restaurant and Lounge Opportunity

      Daytime deli and nighttime lounge in a good location.
      577 Broadway, Amityville, NY 11701
      View Details
    • $3,200,000
      10,000 SF

      Amityville Warehouse/Industrial Space For Sale

      10,000 square foot warehouse/industrial space in Suffolk County.
      409 Bayview Ave, Amityville, NY 11701
      View Details
    • $539,000

      Amityville Specialty Property for Sale

      Specialty property available for purchase in Amityville, New York.
      49 Railroad Ave, Amityville, NY 11701
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 7-Unit Building, High-Income Potential
    Where is this mixed-use property located?
    The property is located at 227 Albany Ave Amityville, NY.
    What is the asking price?
    The asking price for this property is $1,088,000.
    (516) 783-5600
    Request Owner's contact information
    227 Albany Ave Amityville, NY 11701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Albany Ave
    Amityville, NY 11701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 Albany Ave Amityville, NY 11701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.