20-22 Bay Shore Ave 4 Unit Apartment Building $1,390,000 ($347,500/Unit) 7.58% Cap Rate Bay Shore, NY 11706
EXECUTIVE SUMMARY
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!
PROPERTY FACTS Under Contract
| Price | $1,390,000 |
| Price Per Unit | $347,500 |
| Sale Type | Investment |
| Cap Rate | 7.58% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 5,024 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 4.18/1,000 SF |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 0500-393-00-03-00-053-000 | Improvements Assessment | $14,200 |
| Land Assessment | $51,400 | Total Assessment | $65,600 |
ZONING
| Zoning Code | BD |
