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    OFF-MARKET
    Warehouses

    115 Albany Ave, Amityville, NY 11701

    60,000 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Warehouses
    Total area 60,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Lambro Industries, Inc Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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