1500 New York Ave Huntington Station, NY 11746
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 1500 New York Ave
- Year built
- 1955
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntington Station
- County
- Suffolk
- State
- New York
- Longitude
- -73.4113
- Latitude
- 40.8457
