1990 New HwyFarmingdale, NY 11735

Property Details for 1990 New Hwy

Year built

1978

Lot size

1.40 AC

Property size (Sq ft)

24,592 SF

Zone code

GA

Property type

Manufacturing properties

APN

0100-002.00-01.00-011.004

APU

100002000100011004

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,653,768

  Hospitality

  $4,262,826

  Educational

  $3,546,622

  Medical

  $3,668,596

  Retail

  $5,516,967

Location Insight

City

Farmingdale

County

Suffolk

State

New York

Latitude

40.7567

Longitude

-73.4156

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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