123 Smith StFarmingdale, NY 11735

Property Details for 123 Smith St

Year built

1961

Lot size

9.40 AC

Property size (Sq ft)

115,683 SF

Zone code

GA

Property type

Manufacturing properties

APN

0100-002.00-01.00-011.002

APU

100002000100011002

Description

This exceptional 3.73-acre commercial land parcel in Farmingdale, NY, presents a remarkable investment opportunity. Located in Suffolk County, at 123 Smith Street, zip code 11735, this property boasts R-3M zoning, already approved for a substantial development project. The site plan includes the construction of a three-story apartment building encompassing 54 units – a mix of 32 two-bedroom and 22 one-bedroom apartments. Ample parking is provided with 135 spaces available. Furthermore, sewer connection is readily accessible. The property's strategic location straddles the towns of Huntington and Babylon, offering convenient access to various amenities and transportation routes. An existing 1,938 square foot community center is also included. This property is being offered at $5,750,000 and represents a unique chance to capitalize on the strong demand for residential units in this thriving area. All necessary approvals and site plans are in place, streamlining the development process. Don't miss this chance to acquire a ready-to-develop site with significant potential for high returns.

• Alternative Use

  Use

  Valuation

  Residential

  $21,891,748

  Hospitality

  $20,052,724

  Educational

  $16,683,631

  Medical

  $17,257,406

  Retail

  $25,952,314

Location Insight

City

Farmingdale

County

Suffolk

State

New York

Latitude

40.7556

Longitude

-73.4169

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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