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    Property profile & analytics
    OFF-MARKET Estimated value $1,695,000
    Apartment buildings

    203 Willis Ave, Mineola, NY 11501-2602

    3,570 SF 0.12 ac lot Built 1931
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-5849196
    Property summary
    AI-generated overview

    This exceptional 15-unit apartment building presents a compelling investment opportunity in the thriving Mineola, New York market. Located at 203 Willis Avenue, this three-story building, constructed in 1931, offers a blend of classic charm and modern convenience. The property is currently fully occupied, generating consistent rental income. The building features a desirable mix of apartment units, all within a well-maintained structure. A ground floor common area provides added convenience for residents, while a rear garden offers a tranquil outdoor space. Its prime location in Mineola ensures easy access to schools, public transportation, and municipal parking, enhancing its appeal to tenants. The asking price for this multifamily property is $3,400,000. This represents a significant opportunity to acquire a stable, income-producing asset in a highly sought-after Nassau County location, within the 11501 zip code. The building's strong occupancy rate and convenient amenities make it an attractive investment for both seasoned and aspiring real estate investors. This property is situated at 40.7461608 latitude and -73.6396475 longitude.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1931
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,570 SF
    Lot 0.12 ac (5,243 SF)
    APN 09-409-00-0460
    UPID US63-5849196
    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
    • Safeway Roofing, Roof Repair & Replacement, Installation Roofing Company General Contractor
    • Einobs Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.70M
    Owner & transaction history
    Not Available From The Data Source · 1 yrs held
    Not Available From The Data Source
    since 2024
    5 recorded transactions
    2024
    2009
    $29,000
    2008
    $27,075
    2004
    $31,500
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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