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5-Unit Apartment Building
For Sale
Contact for pricing
Pending

292 S Ocean Ave, Patchogue, NY 11772

Multifamily property with varied apartment layouts, tenant storage, laundry, and outdoor lawn and garden areas.

Property SizeContact for details
Lot Size1.00 Acre
Days on Market144

Property Features for 292 S Ocean Ave

General Information

Standard status Pending
Lot size 1.00 Acre
Property subtype Multifamily

Units

Unit Mix 3 x 2BR/1BA, 1 x studio, 1 x 1BR
Multifamily Units 5

Amenities

hardwood floors
walk up attic for storage
coin operated washer/dryer
lawn and garden
Listing Agency: Marcus & Millichap - Manhattan
Listed By: Michael Tuccillo · License #NY 10401244358
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:15AM

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 Marcus & Millichap - Manhattan

Investment Insights

Based on property information with market context.

This 5-unit apartment property at 292 S Ocean Ave includes three two-bedroom/one-bath apartments, one studio, and one one-bedroom apartment. Units feature hardwood flooring, living rooms, and oversized bedrooms, with some apartments also offering updated appliances and fresh paint. A walk-up attic provides additional storage, while the basement includes coin-operated laundry equipment.

The property occupies a 1-acre parcel with lawn and garden areas available for tenant use. A 1-car garage is also included. Tenants pay their own electricity; gas heat serves the apartments, and water is included in the rent. The building has young boilers and a hot water heater.

Key Highlights

  • 5‑unit apartment property with three two‑bedroom, one‑bath units, one studio, and one one‑bedroom unit
  • 1‑acre parcel with lawn and garden areas for tenant use
  • Hardwood floors, living rooms, and oversized bedrooms in each apartment

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Locksmith Carpet & Flooring Store Auto Parts Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,191
Businesses Nearby

Demographics for 11772, NY

44,459
Population
18,478
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
16.1 sq mi
ZIP Area
2,761
Density / Sq Mi
$105,246
Median Household Income
$55,170
Median Earnings
$2,015
Median Rent
$450,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with varied apartment layouts, tenant storage, laundry, and outdoor lawn and garden areas.
Where is this apartment building located?
The property is located at 292 S Ocean Ave Patchogue, NY.
What are key features of this property?
This property features: 5‑unit apartment property with three two‑bedroom, one‑bath units, one studio, and one one‑bedroom unit; 1‑acre parcel with lawn and garden areas for tenant use; Hardwood floors, living rooms, and oversized bedrooms in each apartment
(212) 430-5196 Call to check price and availability
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