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    203 Willis Ave Mineola, NY 11501

    Sponsored
    For Sale
    $3,400,000

    15-Unit Apartment Building, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15-unit apartment building presents a compelling investment opportunity in the thriving Mineola, New York market. Located at 203 Willis Avenue, this three-story building, constructed in 1931, offers a blend of classic charm and modern convenience. The property is currently fully occupied, generating consistent rental income. The building features a desirable mix of apartment units, all within a well-maintained structure. A ground floor common area provides added convenience for residents, while a rear garden offers a tranquil outdoor space. Its prime location in Mineola ensures easy access to schools, public transportation, and municipal parking, enhancing its appeal to tenants. The asking price for this multifamily property is $3,400,000. This represents a significant opportunity to acquire a stable, income-producing asset in a highly sought-after Nassau County location, within the 11501 zip code. The building's strong occupancy rate and convenient amenities make it an attractive investment for both seasoned and aspiring real estate investors. This property is situated at 40.7461608 latitude and -73.6396475 longitude.

    Property Features for 203 Willis Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 15‑unit apartment building in Mineola, NY, offering a strong investment opportunity.
    • Located at 203 Willis Avenue, Mineola, NY 11501.
    • Three‑story building constructed in 1931, currently fully occupied.
    • Features a mix of apartment units, common area, and rear garden.
    • Prime location with easy access to schools, transportation, and parking.
    • Asking price: $3,400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Safeway Roofing, Roof ... Roofing Contractor Einobs Website Designer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    Nassau
    State
    New York
    Longitude
    -73.6396475
    Latitude
    40.7461608

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    FAQs

    What type of property is this?
    Multifamily property - 15-Unit Apartment Building, Prime Location
    Where is this multifamily property located?
    The property is located at 203 Willis Ave Mineola, NY.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 15-unit apartment building in Mineola, NY, offering a strong investment opportunity.; Located at 203 Willis Avenue, Mineola, NY 11501.; Three-story building constructed in 1931, currently fully occupied.
    Request Owner's contact information
    203 Willis Ave Mineola, NY 11501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 Willis Ave Mineola, NY 11501
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