234 New York AveHuntington, NY 11743

Property Details for 234 New York Ave

Lot size

0.23 AC

Zone code

C6

Property type

Bars

APN

0400-072.00-02.00-004.000

APU

400072000200004000

Description

This exceptional 7,700 square foot industrial building presents a unique investment opportunity in the desirable Huntington Village, conveniently located north of Route 25A. Boasting a prime location, this versatile property offers significant potential for a variety of commercial uses. Currently configured as a single large space with 16-foot high ceilings, the building is easily adaptable for subdivision into multiple rental units, catering to diverse business needs. Its history as a successful rug store for 25 years speaks to its inherent functionality and strong location. The property features four bathrooms strategically placed throughout the building for convenience. With excellent street frontage, the building offers three entrances on New York Avenue and an additional entrance and service/delivery entrance on Gibson Avenue, ensuring easy access and ample loading capabilities. Constructed in 1968, the building sits on a sizable 0.23-acre lot, providing ample outdoor space. Its enviable location between Huntington Harbor and the vibrant Downtown Huntington Village on New York Avenue guarantees high visibility and accessibility. This property represents a rare opportunity to acquire a well-maintained, versatile commercial building in a highly sought-after location. The substantial size, multiple entrances, and ample parking make this an ideal investment for both owner-occupiers and investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $2,434,967

  6.5%

  $2,247,662

  7%

  $2,087,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,298,888

  Geo Method

  $3,298,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,895,987

  Hospitality

  $1,736,714

  Educational

  $1,444,925

  Medical

  $1,494,618

  Retail

  $2,247,662

Location Insight

City

Huntington

County

Suffolk

State

New York

Latitude

40.8743

Longitude

-73.4244

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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