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About the Listing SPH07 - 101093,149878
This offering features three structures on one deeded lot in the heart of Bay Shore’s Business District. Seventy Park Ave is a 2,600 sq ft commercial building with 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. The property offers parking for 5 to 7 vehicles and includes many updates throughout including the kitchen, three full bathrooms, and a full roof replacement completed approximately six years ago. Additional building features include natural gas hook up in house for cooking, an oil heating system and exterior cellar access to a full unfinished basement. The property is connected to sewers and public water, has commercial dumpster service for rubbish removal, and contains three electrical meters: two residential panels for the first and second floors and one commercial panel servicing the basement and garage. There is also a 400 sq ft detached two car garage and an additional 1100 sq ft building at 1636 and 1636A Union Blvd, CO’d as a legal two family dwelling with a studio and a one bedroom apartment. These units are separately metered for electric, with the studio operating on electric heat and the one bedroom having its own gas heating system. Both units are currently vacant. The property presents an opportunity to reposition multiple units at once, resolve outstanding violations, and capitalize on strong rental demand for studio, one bedroom, and two bedroom apartments in the area. 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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Oven, Refrigerator, Stainless Steel Appliance(s)
- Air Cond:
- Heating: Baseboard,Oil
- Fireplaces:
- Floor: Carpet,Hardwood,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Bilco Door(s),Storage Space,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: $21,136
- Taxes w/Assessments: N/A
- Tax/Property ID: 0500-393-00-02-00-138-001
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
70 Park Ave Bay Shore, NY 11706
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