Mixed-Use Property with Multiple
For Sale
$1,400,000
70 Park Avenue, Bayshore, NY 11706
Business-district parcel combines commercial-service and residential configurations across three structures.
Property Size2,600 SF
Price / SF$538.46
Days on Market283
Property Features for 70 Park Avenue
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
BD
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x studio, 1 x one bedroom
Multifamily Units
4
Individually Metered Utilities
electricity
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$21,135
Amenities
commercial dumpster service
Building Details
Building Size
2,600 SF
Year Built
1925
Buildings
2
Stories
2
Units
4
Listing Agency:
Signature Premier Properties
(631) 422-3100
Listed By:
Dorothy E. Ziccardi
(516) 729-7851
Source:
Croninreale
Added: Jan 14
Changed: Oct 23
Last Checked: Oct 23 at 5:54PM
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
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Investment Insights
Based on property information with market context.
The 2,600-square-foot main building has a current CO permitting the first floor to serve as a personal service business and residence, with a separate apartment on the second floor. The owner currently uses both levels as one-family residential space alongside a personal service business. A 1,100-square-foot secondary building is CO'd as a two-family dwelling with a studio and one-bedroom apartment; both units are vacant. The property also includes a detached 400-square-foot, two-car garage and parking for 5 to 7 vehicles.
Updates include the kitchen, three full bathrooms, and a roof replaced approximately six years ago. The main building has an unfinished basement with exterior access, oil heat, and a natural gas hookup for cooking. The property is connected to public water and sewers. Three electrical meters serve the main building, and the apartments in the secondary building have separate electric meters and individual heating systems. Located in Bay Shore's Business District, the parcel is zoned BD.
Updates include the kitchen, three full bathrooms, and a roof replaced approximately six years ago. The main building has an unfinished basement with exterior access, oil heat, and a natural gas hookup for cooking. The property is connected to public water and sewers. Three electrical meters serve the main building, and the apartments in the secondary building have separate electric meters and individual heating systems. Located in Bay Shore's Business District, the parcel is zoned BD.
Key Highlights
- Three structures on one deeded lot in Bay Shore's Business District
- 2,600‑square‑foot main building with a current CO for first‑floor personal service business and residence, plus a separate second‑floor apartment
- 1,100‑square‑foot building CO'd as a legal two‑family dwelling with a studio and one‑bedroom apartment; both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,285
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,700
$925.7K
Cap Rate 7%
$661,214
$661.2K
Cap Rate 9%
$514,278
$514.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$80.5K $30.96/SF
− Vacancy
−$6.4K −$2.48/SF
EGI
$74.1K $28.48/SF
− OpEx
−$27.8K −$10.68/SF
NOI
$46.3K $17.80/SF
Area
Suffolk County, NY
Vacancy
8.00%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,700
Cap Rate 7%
$661,214
Cap Rate 9%
$514,278
Alternative Uses
Best Use
Mixed Use
$661.2K
$578.6K – $771.4K
NOI $46,285 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$660.1K
$577.6K – $770.1K
NOI $46,208 @ 7.0% cap · market cap 3.30%
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.
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 11706, NY
66,263
Population
21,435
Households
3.1
Avg Household Size
37
Median Age
26%
College-Educated
82%
High-School Grad
16.9 sq mi
ZIP Area
3,921
Density / Sq Mi
$115,112
Median Household Income
$44,917
Median Earnings
$1,885
Median Rent
$464,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Business-district parcel combines commercial-service and residential configurations across three structures.
Where is this mixed-use property located?
The property is located at 70 Park Avenue 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‑square‑foot main building with a current CO for first‑floor personal service business and residence, plus a separate second‑floor apartment; 1,100‑square‑foot building CO'd as a legal two‑family dwelling with a studio and one‑bedroom apartment; both units are vacant
