38 Park Ave, Amityville, NY 11701
This stunning 124-year-old Victorian-style home, located at 38 Park Ave in Amityville, NY, presents a unique investment opportunity. Currently configured as a two-family dwelling, each level boasts three bedrooms and one bathroom, offering a total of six bedrooms and two bathrooms. The property sits on a sizable 0.43-acre lot (approximately 18,711 square feet), providing ample space and significant potential for expansion. Its prime location offers convenient access to a variety of amenities, including nearby restaurants, shops, and dining establishments. The existing structure provides immediate rental income, while the generous lot size presents the exciting possibility of constructing additional rental units to further enhance the property's investment value. This potential for expansion is subject to all necessary approvals and permits. Prospective buyers are responsible for independently verifying all information related to the property's zoning, building codes, and development possibilities. The asking price for this exceptional mixed-use property is $1,750,000. This is a rare opportunity to acquire a substantial property with significant upside potential in a desirable location. Don't miss out on this chance to own a piece of Amityville history.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.