Property summary
This stabilized, 7-unit apartment building presents a compelling investment opportunity in Sayville, NY. The property, built in 1950, boasts 7,397 square feet of net rentable space across two stories, situated on a 0.4-acre lot. Currently operating at 100% occupancy, the building generates a substantial net operating income (NOI) of $162,114, resulting in an attractive 6.48% capitalization rate. The property is classified as a Class B multifamily investment and offers a fee simple ownership structure. Its prime location near the Sayville LIRR station, local schools, diverse dining options, beaches, and shopping centers ensures strong tenant demand and long-term value appreciation. The property features no ground lease and no air rights. This is an exceptional opportunity for investors seeking a stable, high-performing asset in a desirable Long Island location. The asking price is $2,500,000. This is a rare opportunity to acquire a well-maintained, fully occupied multifamily property in a thriving community.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel Resort
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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