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70 Park Ave - 70 Park Ave - 1636/1636A Union Blvd Bay Shore 4 Unit Apartment Building Offered at $2,630,550 CAD Bay Shore, NY 11706

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EXECUTIVE SUMMARY

This offering features three structures on one deeded lot in the heart of Bay Shore’s Business District with 4 Rental Units. 70 Park Ave is a Commercial building that has a current CO allowing the first floor apartment to be used as a Personal Service business and residence, and the second floor as a separate apartment. The current owner is using both floors as a one family residence with a Personal Service business. Prior CO on property was 1st Floor restuarant & 2nd Floor apartment. Various options are available based on zoning for this space. There is also a detached two-car garage, and an additional building at 1636/1636A Union Blvd, CO’d as a legal two-family dwelling. Delivered vacant, the property presents a rare opportunity to reposition multiple units at once, resolve outstanding violations, and capitalize on strong rental demand for studios, one bedroom, and two bedroom apartments in the area along with retail, office & businesses. With flexible layouts, on-site parking, and significant upside through renovation and potential expansion, this asset is well-suited for investors seeking value-add potential and long-term income growth.

70 Park Ave BayShore Offering Memorandum

PROPERTY FACTS

Price	$2,630,550 CAD	Building Class	C
Price Per Unit	$657,638 CAD	Lot Size	0.17 AC
Sale Type	Investment or Owner User	Building Size	3,700 SF
Sale Condition	High Vacancy Property	No. Stories	2
No. Units	4	Year Built	1925
Property Type	Multifamily General Retail Storefront Retail/Residential Multifamily Apartments Office Office Residential	Parking Ratio	1.62/1,000 SF
Zoning	BD - Business District, specifically a Neighborhood Business District.

Price	$2,630,550 CAD
Price Per Unit	$657,638 CAD
Sale Type	Investment or Owner User
Sale Condition	High Vacancy Property
No. Units	4
Property Type	Multifamily General Retail Storefront Retail/Residential Multifamily Apartments Office Office Residential
Building Class	C
Lot Size	0.17 AC
Building Size	3,700 SF
No. Stories	2
Year Built	1925
Parking Ratio	1.62/1,000 SF
Zoning	BD - Business District, specifically a Neighborhood Business District.