3 Patterson Avenue

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3 Patterson Avenue

Brookhaven, NY 11941
Asking Price
$399K
Asset Type
Single Family Rental Portfolio Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The offering consists of 1.01 acres of land in Brookhaven.
  • Property is available for sale with an asking price of $399,000.
  • This parcel is designated for single-family rental portfolio development.
  • Brookhaven is a well-established market within the New York region.
  • Site dimensions support residential housing projects for local tenants.

What's Special

Developing this 1.01-acre parcel in Brookhaven provides a strategic opportunity for investors interested in residential expansion. The site is suited for a single-family rental portfolio development, allowing builders to capitalize on the sustained demand for housing in this established Suffolk County community. Brookhaven remains a significant region within the Long Island market, characterized by its mix of residential neighborhoods, proximity to coastal amenities, and access to major transportation corridors serving the broader New York metropolitan area. Prospective owners can leverage the size of the lot to create a cohesive residential footprint that aligns with local market needs. Given the scale and positioning of the property, it functions as a viable candidate for developers looking to scale their investment portfolios or expand their current footprint in a growing suburban landscape. Careful planning for this asset will allow for the integration of new rental housing that supports the evolving demographic requirements of the local economy.

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NOI
$80,000
Cap Rate
20.05%
DSCR
3.38
Strong
Cash-on-Cash
47.04%
Monthly Payment
$1,974.034
Annual Cash Flow
$56,311.588

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