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    569 Peninsula Blvd Cedarhurst, NY 11516

    Sponsored
    For Sale
    $2,298,888

    8,000 SF, 9-Bedroom Multi-Family

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 569 Peninsula Blvd in Cedarhurst, NY 11516, presents a compelling investment opportunity. The 8,000 square foot building is currently vacant and offers significant potential. The property features a beautifully renovated two-family home, boasting a total of nine bedrooms and five and a half bathrooms spread across two units. Each unit includes multiple bedrooms, living rooms, formal dining rooms, and kitchens equipped with stainless steel appliances. The home features a desirable layout, with the right side unit offering two bedrooms on the first floor and three bedrooms and 1.5 baths upstairs, and the left side unit featuring two bedrooms and one bath on the first floor and two bedrooms and two baths upstairs. Additional features include central air conditioning, gas heating, one fireplace, a circular driveway, a new roof, a lower-level den, marble and hardwood floors, and two patios with a vinyl fenced-in yard. The property's convenient location is within walking distance of numerous Judaic schools and shopping facilities, and sits on the same block as a place of worship. The asking price is $2,298,888. This property is ideal for both homeowners and investors seeking a substantial multi-family residence in a desirable location. The property includes a 1.5 car garage.

    Property Features for 569 Peninsula Blvd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,000 SF

    HighLights

    • $2,298,888 asking price.
    • 8,000 square foot mixed‑use property.
    • Located at 569 Peninsula Blvd, Cedarhurst, NY 11516.
    • Features a renovated two‑family home with nine bedrooms and 5.5 bathrooms.
    • Includes three kitchens, a 1.5‑car garage, and two patios.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedarhurst
    County
    36059
    State
    New York
    Longitude
    -73.7278816
    Latitude
    40.6311795

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    FAQs

    What type of property is this?
    Mixed-use property - 8,000 SF, 9-Bedroom Multi-Family
    Where is this mixed-use property located?
    The property is located at 569 Peninsula Blvd Cedarhurst, NY.
    What is the asking price?
    The asking price for this property is $2,298,888.
    What are key features of this property?
    This property features: $2,298,888 asking price.; 8,000 square foot mixed-use property.; Located at 569 Peninsula Blvd, Cedarhurst, NY 11516.
    Request Owner's contact information
    569 Peninsula Blvd Cedarhurst, NY 11516
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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
    569 Peninsula Blvd Cedarhurst, NY 11516
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