Mulford St, Patchogue, NY 11772
This unique Patchogue, NY property presents a compelling investment opportunity. The property is a mixed-use building currently generating substantial rental income. A warehouse component offers a rental income potential of $2,500 to $3,000 per month, while a separate residential unit generates $4,000 per month in rental income. This translates to a significant annual return for the investor. The property's zoning allows for the potential subdivision of the warehouse, subject to obtaining necessary Village approvals and permits. This subdivision possibility further enhances the property's value and potential for increased income streams. The existing income-generating components provide immediate cash flow, minimizing risk for the buyer. Whether the buyer chooses to maintain the current setup or pursue the subdivision option, this property offers a rare chance to capitalize on a high-demand market. The property's location in Patchogue offers convenient access to local amenities and transportation. This is an exceptional opportunity for both seasoned investors and owner-occupants seeking a lucrative and versatile property. The property is being offered at $1,100,000. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.