20 Tower Pl, Roslyn, NY 11576-2151
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.
-
Appliance Repair Roslyn Heights Home Appliance Store
-
Special Tree Service Roslyn Landscaping General Contractor
-
Roslyn Cinema Cinema Theater & Performing Art Venue
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.