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    OFF-MARKET Estimated value $1,675,000
    Theaters & concert halls

    20 Tower Pl, Roslyn, NY 11576-2151

    217 SF 0.11 ac lot Built 1923
    Entity Owned Free & Clear
    Property ID
    US63-3429745
    Property summary
    AI-generated overview

    This exceptional 8,400 square foot, two-story building presents a unique redevelopment opportunity in the affluent Roslyn Village, NY. Located on a 4,662 square foot lot at 20 Tower Pl, 11576, this vacant property boasts stunning waterfront views of Roslyn Harbor, Roslyn Pond, and the Roslyn Viaduct. The building, constructed in 1923, features high ceilings (approximately 12 feet clear on both levels) and a partial basement with updated electrical service and sewer connection. Currently zoned CV-Village Commercial, the property allows for expansion up to three stories and a maximum building height of 35 feet, offering significant potential for various uses. Imagine transforming this prime location into a thriving retail space, a mixed-use development combining retail and office or residential units, or a full office or multi-family building. Situated within Roslyn's upscale shopping district, this property benefits from its proximity to numerous high-end dining establishments and is located in one of Long Island's wealthiest zip codes, where the median home value is nearly $1,000,000. The asking price is $1,950,000 ($232.14 per square foot). This is a rare chance to acquire a fee-simple ownership in a highly desirable waterfront location with immense redevelopment potential.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 1923
    Construction FRAME
    Total area 217 SF
    Lot 0.11 ac (4,662 SF)
    APN 07-00B-00-0002
    UPID US63-3429745
    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
    Current use
    Occupant on record · Public records
    • Appliance Repair Roslyn Heights Home Appliance Store
    • Special Tree Service Roslyn Landscaping General Contractor
    • Roslyn Cinema Cinema Theater & Performing Art Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.68M
    Owner & transaction history
    17 21 Kd Lumber Road LLC
    17 21 Kd Lumber Road LLC
    since 2025
    Last sale
    $1.7M
    5 recorded transactions
    2025
    $1.7M
    2025
    2018
    $933,333
    2013
    $51,671
    1998
    $700,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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