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318 Bay Walk Ocean Beach NY, 11770
$1,650,000
  • Sold
  • Bayfront Mixed Use Property in the Heart of Ocean Beach
  • Multi Family
  • ML# OB-318s

Property Details

Overview

Bayfront mixed use commercial property with 4 units in the heart of Ocean Beach. Have the best of both worlds with residential fronting on the Bayfront and retail spaces fronting on Bay Walk (aka Main Street) in Ocean Beach. The units consist of a 3 bedroom bay front year round home, a studio apartment, and a 1,689 sq ft 2 unit commercial space currently used as a clothing store. Ideally situated for a vacation rental, the 3 bedroom residential unit is completely renovated, and features an open great room and stunning deck overlooking the bay. Maximize income by renting all 4 units, or live in the studio or 3-bedroom home while collecting the rent on the other units. The two retail spaces fronting on Bay Walk in the highly trafficked Ocean Beach commercial district, are currently set up as one unit but could be 2 separate storefronts. Unique opportunity with flexible tenancy. Flood Insurance only $4,800 per year!

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Key Facts

  • Style: Mixed Use
  • Lot Size: 40' X ~159'
  • Lot Sq Ft: 5817
  • Taxes: $2,723
  • VillageTaxes: $11,343

Additional Features

  • Waterview: Yes
  • Waterfront: Yes
  • Waterfront Desc: Bayfront

Financial

  • Taxes: $2,723
  1. Presented by

    Presented by Abigail Medvin Mago
  2. Presented by

    Presented by Alan Medvin

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Listing Information provided courtesy of Fire Island Sales and Rentals