70 Park Ave - Multi-Family FOR SALE


Bay Shore, NY 11706- Downtown Bay Shore
$1,900,000 USD
70 Park Ave, Bay Shore, NY for Sale
$1,900,000 USD
Multi-Family - FOR SALE
1/38
null | Request Cap Rate

Jan '26


70 Park Ave
Bay Shore, NY 11706
Downtown Bay Shore


OVERVIEW

This offering features three structures on one deeded lot in the heart of Bay Shore’s Business District with 4 Rental Units. 70 Park Ave is a Commercial building that has a current CO allowing the first floor apartment to be used as a Personal Service business and residence, and the second floor as a separate apartment. The current owner is using both floors as a one family residence with a Personal Service business. Prior CO on property was 1st Floor restuarant & 2nd Floor apartment. Various options are available based on zoning for this space. There is also a detached two-car garage, and an additional building at 1636/1636A Union Blvd, CO’d as a legal two-family dwelling. Delivered vacant, the property presents a rare opportunity to reposition multiple units at once, resolve outstanding violations, and capitalize on strong rental demand for studios, one bedroom, and two bedroom apartments in the area along with retail, office & businesses. With flexible layouts, on-site parking, and significant upside through renovation and potential expansion, this asset is well-suited for investors seeking value-add potential and long-term income growth.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

4

PRICE/UNIT

$475,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

70 Park Ave - 1636/1636A Union Blvd Bay Shore

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BD

APN/PARCEL ID

0500-393-00-02-00-138-001

ASK ABOUT THIS PROPERTY

Stacy McFaddenSignature Premier PropertiesMore Info

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

Stacy McFaddenSignature Premier PropertiesMore Info

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