34 & 40 Pine Hollow Rd Oyster Bay

The subject property is described as two adjoining parcels of land used in conjunction as a single property, containing a total site area of 12,000± square feet. The property is improved with a 1-story, detached, commercial building containing 2,150± square feet of office space, repair shop and storage space for a roofing and sheet metal company, and a two-story, two-family rental house with rear fire- proof storage garage and storage shed. Combined there is a total of 3,600± square feet of gross building area that was constructed in 1956. The improvements are in average overall condition. It is my opinion that the use of the two properties combined together provides the owner greater overall utility with greater street frontage and access and therefore selling both properties together would provide the greater overall value. The one-story building is concrete block constructed with stucco exterior at the front and painted block on the side and rear. The building include average quality offices on the first floor with rear workshop with skylight and ceiling hung lighting. The 1-family house is frame constructed with an exterior shingle siding, double hung windows, and currently used as single-family house with two bathrooms and three bedrooms. The heating and cooling system has been updated and in average condition. The buildings is in average overall condition. The building need to be gutted and is estimated to yield 50k plus in rent. the 4 bedroom 2 baths is 1950sq.