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    115 Albany Ave Amityville, NY 11701

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    60,000 SF Multi-Tenant Warehouse in Amityville, NY

    Property size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 60,000-square-foot multi-tenant industrial warehouse located at 115 Albany Ave and 20 Reed Pl, Amityville, NY 11701, within Suffolk County. The property currently houses two tenants. The seller occupies approximately 52,000 square feet and is open to a leaseback arrangement, offering immediate income potential. Alternatively, the building can be delivered vacant at closing, providing flexibility for the new owner. Ample parking is available on-site, a significant advantage for both tenants and employees. The property's location in the Town of Babylon presents a compelling opportunity for new tenants, as they may qualify for tax benefits through the Town of Babylon Industrial Development Agency (IDA). This makes the property attractive for both immediate income generation and long-term value appreciation. The property's size and multi-tenant configuration provide a diversified income stream and potential for future growth. This is a rare chance to acquire a well-located, substantial industrial property in a thriving area of Long Island. The address is precisely 115 Albany Ave and 20 Reed Pl, Amityville, NY 11701, with zip code 11701.

    Property Features for 115 Albany Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    60,000 SF

    HighLights

    • 60,000 SF multi‑tenant industrial warehouse in Amityville, NY.
    • Located at 115 Albany Ave & 20 Reed Pl, Amityville, NY 11701.
    • Seller occupies approximately 52,000 SF and will leaseback or deliver vacant at closing.
    • Ample parking available.
    • Potential tax benefits available through the Town of Babylon IDA for new tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lambro Industries, Inc Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Amityville
    County
    Suffolk
    State
    New York
    Longitude
    -73.4141536
    Latitude
    40.6853443

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    FAQs

    What type of property is this?
    Distribution property - 60,000 SF Multi-Tenant Warehouse in Amityville, NY
    Where is this distribution property located?
    The property is located at 115 Albany Ave Amityville, NY.
    What are key features of this property?
    This property features: 60,000 SF multi-tenant industrial warehouse in Amityville, NY.; Located at 115 Albany Ave & 20 Reed Pl, Amityville, NY 11701.; Seller occupies approximately 52,000 SF and will leaseback or deliver vacant at closing.
    Request Owner's contact information
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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
    115 Albany Ave Amityville, NY 11701
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