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    1500 New York Ave Huntington Station, NY 11746

    Sponsored
    For Sale
    $2,200,000

    Prime Location, High ROI Potential

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Huntington Station, NY property presents a unique investment opportunity. Located at 1500-1540 New York Ave, this 1-story, Class B apartment building boasts a total square footage between 10,000 and 20,000 square feet, built in 1955. The property features a substantial parking lot with over 50 spaces, exceeding 56 spaces per 1,000 sq ft, a significant advantage in this area. The building currently offers ample office space on the main level (10,000 sq ft) and an additional 10,000 sq ft on the lower level, complete with a loading dock. Its strategic location offers easy access to public transportation, including bus stops and the Long Island Rail Road (LIRR), making it highly convenient for both tenants and clients. Approved plans are in place to construct a 16-unit multi-story apartment building above the existing structure, promising a substantial increase in rental income and potential for a strong return on investment. The property's location within Huntington Station's revitalization area further enhances its long-term value. The commencement of sewer line construction in December 2024 is expected to further boost property value. This property is priced at $2,200,000 and offers a rare combination of immediate income potential and significant future development upside. The property's size and parking make it ideal for a variety of uses, including healthcare facilities.

    Property Features for 1500 New York Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,000 SF
    Class
    B

    Building Details

    Year Built
    1955
    Stories
    1

    HighLights

    • $2,200,000 asking price for a 1‑story, Class B apartment building in Huntington Station, NY.
    • The 10,000‑20,000 square foot building features a main level and a 10,000 square foot lower level with a loading dock.
    • Ample parking with over 50 spaces.
    • Projected ROI increase due to upcoming sewer line installation (December 2024).
    • Approved plans for a 16‑unit multi‑story apartment addition, offering potential rental income.
    • Opportunity to establish a unique healthcare facility in a revitalizing area of Huntington Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Huntington Station
    County
    Suffolk
    State
    New York
    Longitude
    -73.4112989
    Latitude
    40.8456862

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, High ROI Potential
    Where is this multifamily property located?
    The property is located at 1500 New York Ave Huntington Station, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for a 1-story, Class B apartment building in Huntington Station, NY.; The 10,000-20,000 square foot building features a main level and a 10,000 square foot lower level with a loading dock.; Ample parking with over 50 spaces.
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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
    1500 New York Ave Huntington Station, NY 11746
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