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Miller Place 11764 Miller Place
41 Echo Avenue #2
$792,495
● Commercial - Off Market

41 Echo Avenue #2

Miller Place, NY 11764
bedrooms
Studio
bathrooms
0 Bath
$813,928
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

updated office, parking, landscaping, 7 zone heat, 4 zone A/C. House has 4 bedrooms, 3.5 baths updated thru/out hardwood floors, alarm w/central monitoring. Why rent when u can own? Perfect investment property. All in one house, business, building zoned commercial/residential. Commercial building consists of 12 rooms, bath, see attached plans. Total finished square footage 4615 AND AN ADDITIONAL 965 sq ft in basement ,commercial side is currently used as physical therapy practice ,paying 3500, whole building perfect to live in or for all types of businesses doctors,vets,dental,realestate, endless possibilities. a must see. property is an 8 cap have tennent for house 3500 if needed
Unit Size
-
Days on Market
-
Land Size
0.62 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,392
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (OneKey MLS #3370300)

Price History

Date / Event Date Event Price
Apr 4, 2023 Sold
Premium
Sold
Jan 31, 2023 In contract -
In contract
May 19, 2022 Relisted $799,990
Relisted
May 19, 2022 No longer available -
No longer available
Jan 18, 2022 Listed by Coldwell Banker American Homes $799,990
Listed by Coldwell Banker American Homes

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Total Rooms: 13
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,007
  • Total Building Area: 3,477
  • Building Area: 3,477
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,477
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLER PLACE
  • Land Acres: 0000000620
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: N SMITH T153 E 24 CENT DEVEL S HALLOCK AVE W WHIPKEY

Neighborhood

  • School District Name: Miller Place Union Free School District
  • School Tax School District: MILLER PLACE
  • Census Tract: 158304

Geography

  • Assessors Map Reference: MAP 8700000
  • Account Number: 00008715665
  • District: 0200-0
  • Section: 96.00
  • Parcel: 0200-096.00-06.00-017.000
  • Block: 6
  • Lot: 17.000
  • Municipality: BROOKHAVEN
  • Latitude: 40.9434
  • Longitude: -73.001

    Address

  • Full Address: 41 Echo Ave
  • Address - House Number: 41
  • Address - Street Name: Echo
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Miller Place
  • Carrier Code: R003
  • 4-Digit Zip Code: 2108
  • Zip Code: 11764

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 472208

    Appraisal Valuation

  • Standard Deviation: 0.1442
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 772,709
  • High Value: 884,186
  • Low Value: 661,232

    Market Valuation

  • Market Total Value: $7,667
  • Market Land Value: $741
  • Market Improvement Value: $6,926

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,140
  • Assessed Land Value: $400
  • Assessed Improvements Value: $3,740

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Jun 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 18, 1994
  • Previous Sale Contract Date: Dec 31, 1993
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 51
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Miller Place

Stats & Trends

Median Asking:

$749,945

Sale Price/ft²

$366

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2467 ft²

Average Home Age

44.2 years

Currently For Sale

30 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 22 Riverhead Road, Sound Beach, NY, 11789

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
22 Riverhead Road, Sound Beach, NY, 11789 Listing by Lisa A. Jaeger

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 41 Echo Avenue built and last sold?
The property at 41 Echo Avenue was built in 1970 and last sold on Mar 31, 2023 for $792,495.
How much is this home worth?
The estimated value of the home located at 41 Echo Avenue is $807,990.
What are some comparable homes to 41 Echo Avenue?
There are currently no comparable homes to 41 Echo Avenue.
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