Bay Shore Mixed-Use
70 Park Ave Bayshore, NY 11706
For Sale
$1,400,000
Three structures on one lot in Bay Shore's Business District.
Property Size2,600 SF
Price / SF$538.46
Days on Market96
Property Features for 70 Park Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Signature Premier Properties
(917) 613-9604
Listed By:
Stacy L. McFadden SRS · License #10301206471
(917) 613-9604
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 7:26AM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Located in the heart of Bay Shore's Business District, this property features three structures on a single deeded lot. The building at 70 Park Ave is a 2,600 sq ft commercial building with a Certificate of Occupancy allowing the first floor apartment to be used as a personal service business and residence, and the second floor as a separate apartment. The current owner utilizes both floors as a one-family residence with a personal service business. Updates include a renovated kitchen, three full bathrooms, and a roof replacement approximately six years ago. The building features a natural gas hookup for cooking, an oil heating system, and exterior cellar access to a full unfinished basement. It is connected to sewers and public water and has commercial dumpster service for rubbish removal. There are three electrical meters: two residential panels for the first and second floors and one commercial panel servicing the basement and garage. Parking is available for 5 to 7 vehicles. Additionally, there is a 400 sq ft detached two-car garage and an 1,100 sq ft building at 1636 and 1636A Union Blvd, certified as a legal two-family dwelling with a studio and a one-bedroom apartment. These units are separately metered for electric, with the studio using electric heat and the one-bedroom having its own gas heating system. Both units are currently vacant. This property offers an opportunity to reposition multiple units, resolve outstanding violations, and capitalize on rental demand for studio, one-bedroom, and two-bedroom apartments. The location has a walk score of 43, indicating car-dependent surroundings, and a bike score of 46, indicating it is somewhat bikeable.
Key Highlights
- Three structures on one deeded lot in Bay Shore's Business District.
- 2,600 sq ft commercial building (70 Park Ave) with flexible usage: Personal Service business/residence and separate apartment potential.
- Additional 1,100 sq ft building (1636 & 1636A Union Blvd) CO'd as a legal two‑family dwelling (studio and one‑bedroom apartment).
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.4k | $29.40 |
| − Vacancy | −$4.7k | −$1.81 |
| EGI | $71.7k | $27.59 |
| − OpEx | −$21.5k | −$8.28 |
| NOI | $50.2k | $19.31 |
2,600 SF · lease $29.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$717.2K
$627.6K – $836.8K
NOI $50,207 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$661.2K
$578.6K – $771.4K
NOI $46,285 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K
NOI $55,446 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three structures on one lot in Bay Shore's Business District.
Where is this mixed-use property located?
The property is located at 70 Park Ave Bayshore, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three structures on one deeded lot in Bay Shore's Business District.; **2,600 sq ft commercial building (70 Park Ave) with flexible usage**: Personal Service business/residence and separate apartment potential.; Additional 1,100 sq ft building (1636 & 1636A Union Blvd) CO'd as a legal two‑family dwelling (studio and one‑bedroom apartment).