20-22 Bay Shore Ave - Apartments FOR SALE


Bay Shore, NY 11706
$1,390,000 USD
631-336-9563
20-22 Bay Shore Ave, Bay Shore, NY for Sale
$1,390,000 USD
Apartments - FOR SALE
1/2
null | 7.58% Cap Rate

20-22 Bay Shore Ave
Bay Shore, NY 11706


OVERVIEW

Introducing an exceptional investment opportunity: a fully occupied legal four-family home featuring 12 bedrooms with market-rate rents, delivering a strong net operating income of $105,416 and an impressive 7.58% cap rate. Property Highlights: Size: 5,024 sq. ft. building on a spacious 17,859 sq. ft. lot. Units: Four market-rate rental units with consistent tenant demand. Prime Location: Downtown Access: Just 0.1 miles from Main Street. Healthcare Proximity: Only 0.4 miles from South Shore University Hospital. Transportation: 0.4 miles from Bay Shore Train Station for easy commuting. Tenants enjoy walkable access to dining, shopping, healthcare, and public transportation, ensuring strong occupancy and future growth potential. This property offers investors a rare chance to own a turnkey asset in a highly sought-after area. Don’t miss out on this opportunity to expand your portfolio. For more information or to schedule a showing, contact us today!

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

4

PRICE/UNIT

$347,500

CAP RATE

7.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

BD

APN/PARCEL ID

0500-393-00-03-00-053-000

ASK ABOUT THIS PROPERTY

Eric Ramsay IVRamsay RealtorsMore Info
631-336-9563

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Eric Ramsay IVRamsay RealtorsMore Info
631-336-9563

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