1600 Bay Ave - Residential Income FOR SALE


East Marion, NY 11939
$5,700,000 USD
631-553-7256
1600 Bay Ave, East Marion, NY for Sale
$5,700,000 USD
Residential Income - FOR SALE
1/3
null | Request Cap Rate

1600 Bay Ave
East Marion, NY 11939


HIGHLIGHTS

  • Waterfront with Panoramic views

OVERVIEW

Attention Investors! You've found the perfect investment for those looking to capitalize on this properties Resort Residential Zoning. Enjoy panoramic views of Lake Marion. This 1.5 acre (approx.) property is a short walk to a community beach with views of Peconic Bay. There are nine rental units on the property as follows: Six 2 brs. Three of which have 1 bth, three have 2 bth. Three 1 brs. All have kitchens which include an electric or gas range. All are heated and have air conditioners.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$1,239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bay Avenue Apartments

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1000-031-00-08-00-025-000

ASK ABOUT THIS PROPERTY

Michael HarmonColony RealtyMore Info
631-553-7256

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael HarmonColony RealtyMore Info
631-553-7256

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.