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Approved Condo Project with Foundation
For Sale
$1,250,000

33 Park Place, Lynbrook, NY 11563

Approved six-unit condo project with foundation in place.

Property SizeContact for details
Days on Market553

Property Features for 33 Park Place

General Information

Standard status Active
Property subtype Commercial/Industrial

Taxes and HOA fees

Annual Taxes $13,584
Listing Agency: Jacobson Realty Ltd
Listed By: Tobi M. Held · License #40HE0969655
Source: Exitrealty
Added: Apr 1, 2025 Changed: Sep 1 Last Checked: Sep 15 at 6:34AM

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 Jacobson Realty Ltd

Investment Insights

Based on property information with market context.

An approved six-unit condominium project is available, with the foundation already in place and ready for further construction. The project includes two end corner units, each featuring a full basement with a utility room. The first floor of these units is designed to include a garage, living room, dining room, kitchen, and bathrooms. The second floor will house two large bedrooms, each with walk-in closets, and two full bathrooms. The remaining four middle units are planned as two-bedroom, two-bathroom residences. All units will have parking available in front. The first floor utility room is located in the basement.

Key Highlights

  • Approved 6 Condo Unit Project with Foundation Already in Place: Significantly reduces development time and risk.
  • Two End Corner Units with Full Basements: Offers additional living space and storage.
  • End Units Feature Spacious Layouts: Includes living room, dining room, kitchen, and baths on the first floor, plus 2 large bedrooms with walk‑in closets and 2 full bathrooms on the second floor.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Florist Nursing Home (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Storage Facility Tanning Salon

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

Location Intelligence

Trade Area within ½ mile

1,709
Businesses Nearby

Demographics for 11563, NY

23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Approved six-unit condo project with foundation in place.
Where is this apartment building located?
The property is located at 33 Park Place Lynbrook, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approved 6 Condo Unit Project with Foundation Already in Place: Significantly reduces development time and risk.; Two End Corner Units with Full Basements: Offers additional living space and storage.; End Units Feature Spacious Layouts: Includes living room, dining room, kitchen, and baths on the first floor, plus 2 large bedrooms with walk‑in closets and 2 full bathrooms on the second floor.
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