Buy with Yoreevo
$5,586,000
List Price: $5,700,000
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1600 Bay Avenue
House in East Marion •  building info
studio • 65,340ft² $87 per ft²
Buy with Yoreevo

$5,586,000

List Price

$5,700,000

Key Details
Days on market
103
Last price change
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Estimated payment
$33,061/mo
Taxes
$636/mo
Maintenance
N/A
Description
Attention Investors! You've found the perfect investment for those looking to capitalize on this properties Resort Residential Zoning. Enjoy panoramic views of Lake Marion. This 1.5 acre (approx.) property is a short walk to a community beach with views of Peconic Bay. There are nine rental units on the property as follows: Six 2 brs. Three of which have 1 bth, three have 2 bth. Three 1 brs. All have kitchens which include an electric or gas range. All are heated and have air conditioners.

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Important Stuff
Washer/Dryer in unit
Home features
Dishwasher
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$5,700,000
Asking Price: $5,700,000
Term
30 Years
Down Payment
$570,000 (10%)
Min: 10% (570,000)
Rate
6.5 %
Mortgage Amount
$5,130,000
Mortgage Payment
$32,425
Taxes
$636
Estimated Yoreevo rebate
$114,000
Estimated closing cost
$258,000
Total monthly cost $33,061
Buy your dream home with us and get an estimated $114,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Colony Realty

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.