16-Acre Compound with Legal
For Sale
$13,900,000
Old Westbury, Old Westbury, NY 11568
16 acre compound with legal residential units
Property Size15,000 SF
Lot Size16.00 Acres
Price / SF$926.67
Days on Market516
Property Features for Old Westbury
General Information
Standard status
Active
Property type
Residential income homes, Multifamily properties, Investment properties, Residential income properties
Size
15,000 SF
Elevators
N/A
Lot size
16.00 Acres
Building Details
Year Built
1988
Listed By:
Donna M. Demkowicz
(718) 326-2022
Added: May 8, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 16-acre compound in Old Westbury, New York, features legal residential units. The property includes a 15,000 square foot mansion situated on 4 gated, private acres. The grounds also contain cottages, barns, and horse stalls. Over $1,000,000 has been invested in landscaping. There are plenty of acres available for building, growing crops, or adding livestock. The property may be eligible for agricultural tax breaks, offering income potential.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 11568, NY
4,168
Population
1,090
Households
3.8
Avg Household Size
34
Median Age
76%
College-Educated
98%
High-School Grad
8.7 sq mi
ZIP Area
479
Density / Sq Mi
$250,001
Median Household Income
$35,234
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Residential income home - 16 acre compound with legal residential units
Where is this residential income home located?
The property is located at Old Westbury Old Westbury, NY.
What is the asking price?
The asking price for this property is $13,900,000.
