20-22 Bay Shore Avenue, Bay Shore, NY 11706
- $1,326,000
- Sold Price
- $1,326,000
- Closing Date
- Jun 13, 2025
- MLS#
- 813113
- Status
- CLOSED
- Lot Size
- 17,859
Property Description
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!
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Additional Information
- Year Built
- 1900
- Taxes Total
- 25253
- Heating
- Electric, Other
- Basement
- Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $25,253
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Listing courtesy of Listing Agent: Eric Gordon Ramsay IV (ericiv@ericramsay.com) from Listing Office: Eric G Ramsay Jr Assoc LLC.
Selling Office: Coldwell Banker American Homes.Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.