Property profile

155 Carleton Ave East Islip, NY 11730

OFF-MARKET
Investment properties
Property ID
US63-5248658
0.75 ac lot
Entity Owned 9-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.75-acre commercial land parcel at 155 Carleton Avenue in East Islip, NY, presents a unique investment opportunity. Zoned for multifamily development, this property offers significant potential. The asking price is $2,499,000. The site encompasses a total of 32,670 square feet and includes an existing 3,672 square foot building. This building currently comprises a 1,657 square foot office unit and an 840 square foot one-bedroom apartment, complemented by a full basement and attic. Importantly, the Town of East Islip has already granted Site Plan Approval for a proposed eight-unit multifamily residential development. This approval streamlines the process, making the property permit-ready for construction. The seller is open to considering financing options, subject to mutually agreeable terms. This is an ideal opportunity for developers seeking a prime location with pre-approved plans, minimizing delays and maximizing return on investment. The property's location in East Islip, NY, zip code 11730, offers convenient access to local amenities and transportation. This is a rare chance to acquire a well-positioned commercial property with significant upside potential. Don't miss this chance to capitalize on this ready-to-build multifamily development opportunity.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.75 ac (32,670 SF)
Zoning code GST
APN 0500-346.00-02.00-001.000
UPID US63-5248658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Renovation Specialist
  • Garden Center

Location

155 Carleton Ave East Islip, NY 11730-1836
East Islip metro Census 147505 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2017
2 recorded transactions
2017
$435,000
2014
Price N/A

Zoning & alternative use

GST · East Islip, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 155 Carleton Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message