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    Property profile & analytics

    61 1St Ave Bay Shore, NY 11706

    • Investment properties
    • 0.23 lot acres
    For Sale
    View listing
    $949,000
    Value Estimation
    Last Sale
    Jan 30, 2023
    $250,000
    Location Intelligence
    Property ID
    US63-2772054
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cherokee Demolition / Service Establishment / Demolition Contractor
    • Cherokee Contracting, Inc. | Demolition Experts / Demolition Contractor / Concrete Contractor

    Property Details for 61 1St Ave

    Lot size
    0.23 lot acres
    Zone code
    IND1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    0500-367.00-03.00-051.000
    APU
    500367000300051000

    Description

    This exceptional Bay Shore, NY property at 61 First Ave offers a unique blend of office and warehouse space, ideal for a variety of businesses. The 1,200 square foot building sits on a 0.23-acre lot and is zoned Industrial 1 by the Town of Islip, providing flexibility for various uses. The property features a spacious 800 square foot office area, complemented by a 1,200 square foot basement with an 8-foot ceiling, perfect for storage or additional workspace. A significant advantage is the legally permitted outdoor storage area, along with ample yard space for parking and additional storage needs. The warehouse boasts one dock-high door, a 10'6" ceiling height, and a 200-amp power supply. Further enhancing security, a comprehensive security system with cameras is included. The building is heated by gas. This turnkey property presents a rare opportunity to acquire a versatile commercial space in a prime Bay Shore location, combining office functionality with substantial warehouse and storage capabilities. The asking price is $949,000. Don't miss this chance to own a well-equipped and strategically located commercial property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $255,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $260,000
      Mixed-Use
      $240,000
      Hospitality
      $255,000
      Educational
      $245,000
      Residential Income
      $240,000
      Energy
      $210,000
      Income-Based Land
      $220,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Bay Shore
    County
    Suffolk
    State
    New York
    Longitude
    -73.2461
    Latitude
    40.7276
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $10,700
    $28,300
    $39,000
    -
    $146,978
    $388,736
    $535,714

    Comparable in this City

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      1676 Un Blvd

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      0.04 Acres

      1845 Un Blvd

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    • Value Estimation by Request
      0.22 Acres

      199 5th Ave

      STORE/OFFICE (MIXED USE) • 0.22 Acres
      199 5th Ave, Bay Shore, NY 11706-6401
      View Details
    • Value Estimation by Request
      0.49 Acres

      84 5th Ave

      STORE/OFFICE (MIXED USE) • 0.49 Acres
      84 5th Ave, Bay Shore, NY 11706-7331
      View Details

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    61 1St Ave
    Bay Shore, NY 11706
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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