Property profile

16 Ludlam Ave Bayville, NY 11709

OFF-MARKET
Investment properties
Property ID
US63-1754054
3,300 SF 0.11 ac lot Built 1949
Entity Owned 1-yr Hold Free & Clear
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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

Location

16 Ludlam Ave Bayville, NY 11709-3202
Bayville metro Census 517902 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2025
Last sale
$675,000
3 recorded transactions
2025
$675,000
2014
$246,000
1969
Price N/A

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
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