43 Landing AveSmithtown, NY 11787

Property Details for 43 Landing Ave

Lot size

0.25 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0800-077.00-06.00-025.000

APU

800077000600025000

Description

This exceptional multifamily investment property, located at 43 Landing Ave in Smithtown, NY, presents a compelling opportunity for discerning investors. The property boasts three one-bedroom apartments, offering immediate rental income potential. The building itself encompasses approximately 2,900 square feet, complemented by a 400-square-foot garage. An additional lot provides generous parking for up to 20 vehicles, exceeding the needs of the current tenants. The property is zoned CB Central Business, offering flexibility for future development or expansion. The convenient Smithtown location, with its zip code 11787, ensures easy access to local amenities and transportation. The property's assessed value is reflected in the annual property taxes of $9,369. The asking price for this turnkey investment is $795,000. The Suffolk County location and the property's APN (0800-077.000-0006-025.000) are readily available for verification. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location with significant upside potential. Don't miss out on this chance to add a strong performer to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,800,442

  6.5%

  $1,661,947

  7%

  $1,543,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,422,887

  Geo Method

  $1,422,887

• Alternative Use

  Use

  Valuation

  Residential

  $2,060,814

  Hospitality

  $1,887,694

  Educational

  $1,570,540

  Medical

  $1,624,553

  Retail

  $2,443,062

Location Insight

City

Smithtown

County

Suffolk

State

New York

Latitude

40.857

Longitude

-73.1929

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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