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    115-119 Albany Ave Amityville, NY 11701

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    For Sale
    $24,000,000

    Two-tenant industrial building in Babylon, offering potential tax benefits.

    Property size:
    112,000 SF
    Lot size:
    5.31 Acres

    Property Features for 115-119 Albany Ave

    General Information

    Size
    112,000 SF
    Lot size
    5.31 Acres

    Source: Schacker Realty Agent Ralph Perna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building with Ample Parking

    This industrial building features two tenant spaces and ample parking. The seller currently occupies approximately 52,000 square feet and is open to a leaseback arrangement. Alternatively, the building can be delivered vacant upon closing. Situated in the Town of Babylon, new tenants may be eligible for tax benefits through the Town of Babylon IDA. The property encompasses a total area of 112,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Omega Self Storage, Lauren Storage Units, Extra Space Storage

    Location Insight

    • Map
    • Local Demand
    City
    Amityville
    County
    Suffolk
    State
    New York
    Longitude
    -73.413329
    Latitude
    40.686178

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    FAQs

    What type of property is this?
    Warehouse - Two-tenant industrial building in Babylon, offering potential tax benefits.
    Where is this warehouse located?
    The property is located at 115-119 Albany Ave Amityville, NY.
    What is the asking price?
    The asking price for this property is $24,000,000.
    What are key features of this property?
    This property features: - Building can be delivered vacant at closing; - Seller occupies +/-52,000 sf and will leaseback; - Ample parking available
    (516) 524-8060
    Request Owner's contact information
    115-119 Albany Ave Amityville, NY 11701
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    Amityville, NY 11701
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    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
    115-119 Albany Ave Amityville, NY 11701
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