1. New York
  2. Amityville
  3. 33 Sterling Place
$1,499,000

33 Sterling Place, Amityville, NY 11701

  • 12 beds |
  • 6 baths |
  • 5,380 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon10,799sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $279/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

An exceptional investment opportunity awaits in the Village of Amityville. Offered as a contract vendee, this property features two existing dwellings: a legal two-family residence and a separate commercial structure, both of which are already in place and simply require renovation and an addition to achieve their full potential. The two-family residence consists of a spacious first-floor four-bedroom, one-bath apartment and a second-floor three-bedroom, one-bath apartment. The commercial structure is accompanied by full village approvals and architectural plans for conversion into four additional apartments plus a ground-level retail or office space, supported by ten private parking spaces at the rear. Upon completion, the property will operate as a true six-family rental asset with a bonus commercial unit, generating a projected rent roll of $23,000 per month, or $276,000 annually. This translates into an attractive cap rate and the potential for substantial long-term cash flow. Ideally located near the Long Island Rail Road and all major conveniences, the property blends existing infrastructure with approvals in hand, ensuring a streamlined path to redevelopment. Partial seller financing is available, making this a rare chance to acquire a fully approved, high-yield mixed-use property that will stand out as both a six-family income producer and a one-of-a-kind addition to any portfolio

Listing Status:
Active
Listing Office:
The Agency Northshore NY : 631-870-0753
MLS ID:
913853
  • General: Other
  • Appliances: None
  • Basement: Partial
  • A/C: Central Air
  • Heating: Natural GasOther
  • Style: Colonial
  • Originating MLS: onekey2
  • School District: Amityville
  • County: Suffolk County
  • Zoning: 0101-003-00-01-00-017-000
  • Utilities: Natural Gas Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: onekey2

This listing courtesy of The Agency Northshore NY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Park Avenue School

140 Park Ave, Amityville, NY, 11701

Grades KG-6

0.36 miles away

E

Edmund W Miles Middle School

501 Route 110, Amityville, NY, 11701

Grades 6-9

0.61 miles away

A

Amityville Memorial High School

250 Merrick Rd, Amityville, NY, 11701

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.