Project Description

For Sale: Mixed-Use Building in Bayville, New York

78-88 Bayville Ave, Bayville, NY 11709

Executive Summary:

Price: $2,775,000
Building Size: 7,550 SF
Property Type: Retail & Apartments
Lot Size: 0.33 Acres
Year Built: 1887 (Renovated)
Cap Rate: 5.75%
NOI: $159,451
Location:
78-88 Bayville Ave
Bayville, NY 11709

Investment Highlights

  • 100% Leased Mixed-Use Building Built in 1887
  • Renovated With Updated Features & Facelift
  • Consists of 5 Commercial Units and 5 Apartment Units Above
  • Features Approximately 21 On-Site Parking Spaces
  • Great Visibility – Sits on the Corner of a Signalized Intersection

Property Summary

American Investment Properties has been exclusively retained to sell the mixed use building located at 78-88 Bayville Avenue, Bayville, New York. The property features approximately +/4,200 square feet of residential space, +/-3,350 square feet of retail space and sits on 0.33 acres.

Additionally, this property has been renovated to include updated amenities and a facelift. It sits on the corner of a signalized intersection with great visibility and available on-site parking.

About Bayville, NY

Bayville is a village located in Nassau County, Long Island, New York. It is within in the Town of Oyster Bay.

Bayville is a great place to live, work, and raise a family. It was a combination of hard-working fishing village and Gatsby-like estates. The village has kept the highest quality of life which is able to preserve the suburban tranquility and friendliness of the people. Many of Bayville’s residents commute to Manhattan which is only a 35-mile ride on the Long Island Rail Road, using one of the two nearby stations; the Locust Valley station on the Oyster Bay Line and the Syosset station on the Port Jefferson Line.

Bayville residents enjoy living within 10 minutes of Stehli Beach, a Town of Oyster Bay residents only beach. Other attractions include seaside restaurants and the waters of Mill Neck Bay and Oyster Bay Harbor that includes Steve’s Pier One, with its tanks of live lobsters; L’Epicure, serving continental cuisine; Gian-Lorinzo, with its homemade pastas and other Italian specialties; the Walls Wharf Restaurant, Breakers Seafood Restaurant and Ralph’s Pizza.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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