85 Phillips Ave Remsenburg-Speonk, NY 11972
This exceptional 20,000-30,000 acre property in Remsenburg-Speonk, NY, offers a unique opportunity to develop seven approved residential building lots. Each lot ranges from 0.5 to 0.75 acres, providing ample space for custom home construction. The subdivision boasts pre-installed road infrastructure and underground utilities, simplifying the building process. Conventional sanitary systems are in place, and the lots are zoned for residential use. The property is conveniently located within the Eastport-South Manor school district, serving Tuttle Avenue Elementary School, Eastport-South Manor Jr-Sr High School. The individual lot prices start at $499,999, presenting an attractive investment opportunity for builders and homebuyers alike. This is a turnkey opportunity to create a thriving residential community in a desirable location. The property's DSBL numbers are 0900-350-03-88.1, 88.2, 88.3, 88.4, 88.5, 88.6, and 88.7. The address is 85 N Phillips Ave, Remsenburg-Speonk, NY 11972. This is a rare chance to acquire a fully approved subdivision ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty 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.