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507 Main Street

Port Jefferson Village, NY 11777
  • $1,720,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 848937
UPDATED: 31 min ago
$1,720,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:
Area:

School Information

Description

Rare investment opportunity in the heart of Port Jefferson Village! This charming property at 507 Main St features six well-maintained apartments, most of which are under FMR. This multifamily residence presents a true value-add opportunity, allowing potential investors to enhance the property and increase value. Whether you are looking to expand your real estate portfolio or make your initial investment in the market, 507 Main St is a fantastic choice. Zoning allows to build to property lines! With three large medical facilities and a college close by, vacancy rate is extremely low. There is an overwhelming need for housing in this area. Too many updates to list, call LA for details LA is owner Low Taxes! Don't miss out in this opportunity!!

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sheil Estate | Coldwell Banker Realty. Data last updated: 2025-05-24T12:18:26.51.
www.sheilestate.com/homes/162779448
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507 Main Street Port Jefferson Village, NY 11777

  • Price: $1,720,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 31 min ago
  • MLS #: 848937
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1890
Built
Neighborhood:
Brookhaven
County:
Suffolk
Area:
Brookhaven
Elementary School:
Port Jefferson Elementary School
Middle School:
Port Jefferson Middle School
High School:
Earl L Vandermeulen High School
School District:
Port Jefferson
Property Description
Rare investment opportunity in the heart of Port Jefferson Village! This charming property at 507 Main St features six well-maintained apartments, most of which are under FMR. This multifamily residence presents a true value-add opportunity, allowing potential investors to enhance the property and increase value. Whether you are looking to expand your real estate portfolio or make your initial investment in the market, 507 Main St is a fantastic choice. Zoning allows to build to property lines! With three large medical facilities and a college close by, vacancy rate is extremely low. There is an overwhelming need for housing in this area. Too many updates to list, call LA for details LA is owner Low Taxes! Don't miss out in this opportunity!!
Exterior Features

Construction Materials BrickFiberglass Insulation Foundation Details Stone Lot Features ClearedLevelNear Public Transit Parking Features Off StreetPrivate Parking Total 8 Property Attached YN No Stories Total 3 Waterfront YN No

Interior Features

Basement Details FinishedFullWalk-Out Access Basement YN Yes Cooling Wall/Window Unit(s) Elevator YN No Flooring HardwoodVinyl Number Of Heat Units 1 Number Of Heating Zones 3 Security Features Security LightsSmoke Detector(s)Video Cameras

Property Features

Annual Rental Income 10200 Building Area Total 3500 Building Features Awning(s)Ceiling Fan(s)Walk Up Building Name 507 Electric Company PSEG Financial Year 2024 Fuel Expense 2500 Gross Income 10200 Heating Baseboard Insurance Expense 4000 Lot Size Area 10890 Maintenance Expense 0 Net Operating Income 95894 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Operating Expense 26506 Other Structures Garage(s) Property Condition Updated/Remodeled Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Sprinkler System YN No Tax Annual Amount 13015.64 Tax Source Municipality Total Vacancies 0 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Access YN No Water Sewer Expense 0 Water Source Public

Listing courtesy of Frank Galante of RE/MAX Integrity Leaders: 631-862-1100
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sheil Estate | Coldwell Banker Realty. Data last updated: 2025-05-24T12:18:26.51.
 
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Sheil Estate | Coldwell Banker Realty
338 Route 202
Somers NY, 10589