Sold
20-22 Bay Shore Avenue Bay Shore, NY 11706
$1,326,000
Listed at $1,390,000. Closed June 13, 2025.
Listing courtesy of Eric Gordon Ramsay IV, Eric G Ramsay Jr Assoc LLC MLS #KEY813113
Only the front exterior photograph is shown on closed sales, in keeping with OneKey MLS rules.
- 1900Year built
About this home
Introducing an exceptional investment opportunity: a fully occupied legal four-family home featuring 12 bedrooms with market-rate rents, delivering a strong net operating income of $105,416 and an impressive 7.58% cap rate. Property Highlights: Size: 5,024 sq. ft. building on a spacious 17,859 sq. ft. lot. Units: Four market-rate rental units with consistent tenant demand. Prime Location: Downtown Access: Just 0.1 miles from Main Street. Healthcare Proximity: Only 0.4 miles from South Shore University Hospital. Transportation: 0.4 miles from Bay Shore Train Station for easy commuting. Tenants enjoy walkable access to dining, shopping, healthcare, and public transportation, ensuring strong occupancy and future growth potential. This property offers investors a rare chance to own a turnkey asset in a highly sought-after area. Don’t miss out on this opportunity to expand your portfolio. For more information or to schedule a showing, contact us today!
Description supplied by the listing broker.
Features
- Other
This listing
- June 13, 2025 Sold for $1,326,000
- January 13, 2025 Listed at $1,390,000
Location
20-22 Bay Shore Avenue, Bay Shore, NY 11706
About Bay Shore
More on Bay ShoreNearby recent sales
0.4 mi
$1,625,000
28 Montgomery AvenueBay Shore
7 Beds · 3 Baths · 3,864 Sq.Ft.
Listing courtesy of Tammy J. Ramsay, Eric G Ramsay Jr Assoc LLC
0.6 mi
$1,875,000
17 Garner LaneBay Shore
5 Beds · 5.5 Baths · 5,818 Sq.Ft.
Listing courtesy of Dawn DeGirolamo, Douglas Elliman Real Estate
0.6 mi
$2,225,000
18 Garner LaneBay Shore
5 Beds · 5 Baths · 6,500 Sq.Ft.
Listing courtesy of Alice Yurkerwich, Howard Hanna Coach
0.6 mi
$1,425,000
18 Garner LaneBay Shore
5 Beds · 5 Baths · 5,900 Sq.Ft.
Listing courtesy of Christopher Doveala CBR, Daniel Gale Sothebys Intl Rlty
0.7 mi
$2,400,000
8 Garner LaneBay Shore
5 Beds · 4.5 Baths · 6,700 Sq.Ft.
Listing courtesy of Rosemary Keenan Zulli, Eric G Ramsay Jr Assoc LLC
0.7 mi
$1,600,000
28 Garner LaneBay Shore
5 Beds · 4 Baths
Listing courtesy of Jeffery W. Rettaliata, Eric G Ramsay Jr Assoc LLC