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    Property profile & analytics
    OFF-MARKET Estimated value $615,000
    Investment properties

    16 Ludlam Ave, Bayville, NY 11709-3202

    3,300 SF 0.11 ac lot Built 1949
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-1754054
    Property summary
    AI-generated overview

    This exceptional Bayville commercial property, located at 16 Ludlam Avenue, presents a unique opportunity for a variety of businesses. The 3,300 square foot building offers a flexible, open floor plan ideal for retail, warehouse, or redevelopment projects. Benefitting from excellent street visibility, the property features large glass windows showcasing the interior space. High ceilings, measuring 13 feet, add to the spacious feel and potential for creative layouts. A recently updated bathroom, complete with a convenient slop sink located outside, enhances the property's functionality. Significant recent improvements include a new HVAC system and roof, ensuring low maintenance costs for the new owner. Five designated parking spaces are available for customer and employee convenience, and the property also provides access to a backyard area. While the roll-up overhead door is currently sealed, its restoration would significantly enhance the property's utility, particularly for businesses requiring loading or unloading capabilities. This property represents a rare opportunity in the desirable Bayville market, offering a substantial space with significant potential for growth and adaptation. The combination of its location, size, and recent upgrades makes this an attractive investment.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1949
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,300 SF
    Lot 0.11 ac (5,000 SF)
    APN 29-00G-00-0236
    UPID US63-1754054
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $493k
    Blend (final) Blend
    $615k
    Owner & transaction history
    Sixteen Ludlam Group LLC · 1 yrs held
    Sixteen Ludlam Group LLC
    since 2025
    Last sale
    $675,000
    3 recorded transactions
    2025
    $675,000
    2014
    $246,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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