45 Redington Street, Bay Shore, NY, 11706 | $799,988

Opportunity like this does not come around often! Located in BD-1 (Business District 1) zoning in Bay Shore, this legal one-family residence with potential of a legal accessory apartment on the second floor (subject to town approvals) offers a rare combination of residential comfort, commercial flexibility, and income-producing potential. The home features 4 bedrooms and 2 full bathrooms, including two newly renovated bathrooms, brand-new flooring throughout, and new windows throughout, creating a fresh and modern interior. Significant mechanical upgrades include updated electrical panels, updated boilers with separate systems, four separate electric meters, natural gas, and public sewer, providing exceptional infrastructure for multi-use configurations. The layout also allows for the, making this an ideal setup for rental income or extended living arrangements. A true highlight of the property is the oversized three-car garage, previously used for boat manufacturing, offering substantial space for workshop use, storage, or permitted commercial operations under BD-1 zoning. A separate one-car garage further enhances functionality, making this an excellent option for an owner-operator, contractor, or business owner needing space for commercial vehicles, equipment, or on-site operations. Whether you’re looking to live and work in one location, generate multiple streams of income, or secure a property with zoning flexibility and modern upgrades already in place, this offering delivers outstanding value and versatility. A truly unique property with endless potential — don’t miss this rare opportunity!

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full
  • Style: Colonial
  • Year Built: 1935
  • Garage: 3-car
  • Heating: Baseboard, Natural Gas
  • Cooling: None
  • Basement: Bilco Door(s), Full
  • Approx Sq. Feet: 2,030
  • Acreage: 0.26
  • Est. Taxes: $12,286
  • Lot Desc: Level, Private
  • Elem. School: Brook Avenue Elementary School
  • Middle School: Bay Shore Middle School
  • High School: Bay Shore Senior High School
  • School District: Bay Shore
  • Appliances: Gas Water Heater
  • MLS#: 944212
  • Days on Market: 32 days
  • Website: https://www.raveis.com
    /prop/944212/45redingtonstreet_bayshore_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Signature Premier Properties   Phone: 631-692-4800

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

45 Redington Street, Bay Shore, NY, 11706

$799,988

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,990 $639,990 $639,990
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.112% 6.520% 5.415%
Monthly Tax Payment $1,024 $1,024 $1,024
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,534 $3,786 $5,103
Total Monthly Payment $4,650 $4,902 $6,219

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.