Building Details

Year Built 1950

Listing Agency: Fave Realty Inc f***@gmail.com Show Phone

Listed By: Lorenzo Arrindell Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 9 Last Checked: Aug 23 at 10:43AM

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Investment Insights

Based on property information with market context.

This 2-bedroom cooperative is located in Freeport, near the Nautical Mile, bars, and restaurants. The residence features a spacious living room/dining room, a full bath, and an updated kitchen. One bedroom is spacious enough for a king-sized bed. The apartment offers an airy ambiance and natural light. It provides easy access to highways, public transportation, and shopping centers.

Key Highlights

• Rare 2‑bedroom cooperative in Freeport
• Updated kitchen
• Spacious living room/dining room

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming 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.

Location Intelligence

Trade Area within ½ mile

677

Businesses Nearby

Explore this area Business Placement

Demographics for 11520, NY

45,121

Population

14,912

Households

3

Avg Household Size

39

Median Age

27%

College-Educated

86%

High-School Grad

5.1 sq mi

ZIP Area

8,847

Density / Sq Mi

$119,407

Median Household Income

$47,475

Median Earnings

$1,984

Median Rent

$480,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Charming 2-bedroom cooperative near Nautical Mile, Freeport.

Where is this apartment building located?

The property is located at 494 S Ocean Ave 1H Freeport, NY.

What is the asking price?

The asking price for this property is $280,000.

What are key features of this property?

This property features: Rare 2‑bedroom cooperative in Freeport; Updated kitchen; Spacious living room/dining room