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1990 New Hwy Farmingdale, NY 11735

54-Unit Apartment Complex, 3.73 Acres

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity presents a prime 3.73-acre parcel in Farmingdale, NY, zoned R-3M, approved for a two, three-story apartment building development. The site plan is already approved, allowing for the construction of a 54-unit complex, comprising 32 two-bedroom units and 22 one-bedroom units. The property boasts ample parking with 135 spaces available. Convenient sewer connection is readily accessible. Situated in Suffolk County, conveniently located in the towns of Huntington and Babylon, this development benefits from a strategic location. Adding to the property's appeal is a 1,938 square foot community center, enhancing the living experience for future residents. This development presents a unique opportunity to capitalize on the strong demand for multifamily housing in this thriving Long Island community. The property's size and zoning provide significant flexibility for a developer seeking to create a high-quality residential community. The approved site plan streamlines the development process, minimizing delays and maximizing return on investment. With its excellent location, ample parking, and community amenities, this property is poised for immediate development and strong rental income potential. The address is 1990 New Hwy, Farmingdale, NY 11735.

Highlights

  • 3.73-acre land parcel in Farmingdale, NY.
  • Approved R-3M zoning for a multifamily development.
  • Site plan approved for a 54-unit apartment building (32 two-bedroom, 22 one-bedroom units).
  • 135 parking spaces and a 1,938 sq ft community center included.
  • Sewer connection available.

Property Details for 1990 New Hwy

Property type
Land, Apartment buildings
Lot Size (sq. ft)
162,479 SF

Location Insight

City
Farmingdale
County
Suffolk
State
New York
Latitude
40.7565948
Longitude
-73.4155173
1990 New Hwy, Farmingdale, New York

FAQs

What type of property is this?
Land - 54-Unit Apartment Complex, 3.73 Acres
Where is the land located?
The property is located at 1990 New Hwy Farmingdale, NY.
What are key features of this property?
This property features: 3.73-acre land parcel in Farmingdale, NY.; Approved R-3M zoning for a multifamily development.; Site plan approved for a 54-unit apartment building (32 two-bedroom, 22 one-bedroom units).
How can I contact the broker?
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1990 New Hwy
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