38 Park Ave - Apartments FOR SALE


Amityville, NY 11701
$1,635,000 USD
646-678-2875
38 Park Ave, Amityville, NY for Sale
$1,635,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

38 Park Ave
Amityville, NY 11701


HIGHLIGHTS

  • Prime 0.42-acre multifamily investment and development opportunity in the heart of Amityville.
  • Existing two-family residence provides immediate income potential while future plans are explored.
  • Neighboring properties have been successfully redeveloped, highlighting the site’s potential for expanded residential use, subject to municipal approv

OVERVIEW

Situated on approximately 0.42 acres, this existing two-family property offers investors and developers multiple paths to create value. The residence is currently configured as a five-bedroom, two-bath multifamily home, consisting of one three-bedroom unit and one two-bedroom unit. The property may be maintained as an income-producing two-family residence while a buyer explores potential expansion, the addition of rental units, or the complete redevelopment of the site with a larger multifamily structure. Neighboring properties on both sides have previously been redeveloped with increased apartment density, highlighting the potential of this generously sized parcel. All expansion and redevelopment possibilities are subject to zoning, municipal approvals, and other applicable requirements. Buyers must independently verify all property information and conduct their own due diligence regarding permitted uses, unit count, development potential, and required approvals. Any AI-generated renderings are provided solely for conceptual purposes and do not constitute a representation or guarantee of what may be constructed. Taxes shown include Amityville Village taxes.

FOR SALE DETAILS

PRICE

$1,635,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

2

PRICE/UNIT

$817,500

CAP RATE

Request Cap Rate

% LEASED

100%

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,746 SF

ZONING

C Residence

APN/PARCEL ID

0101-007-00-02-00-009-000

ASK ABOUT THIS PROPERTY

Mark StempelBlue Island HomesMore Info
646-678-2875

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Mark StempelBlue Island HomesMore Info
646-678-2875

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