Buy with Yoreevo
$3,880,875
List Price: $3,950,000
Share Listing
Save Listing

357 Smithtown Boulevard

House in Lake Ronkonkoma •  building info
3bd • 2ba • 1,000ft² $3,950 per ft²
Buy with Yoreevo

$3,880,875

List Price

$3,950,000

Key Details
Days on market
55
Last price change
loading...
Estimated payment
$23,335/mo
Taxes
$2,021/mo
Maintenance
N/A
Description
For the first time in more than 75 years, a legacy of land assembled over generations is being offered to the public. Beginning with the acquisition of its first parcel in 1949, what started as a single investment has evolved into a remarkable nine-parcel assemblage encompassing approximately 4.21 acres in the heart of the Ronkonkoma/Nesconset corridor. Never before offered as one acquisition, this is a once-in-a-generation opportunity to control an entire mixed-use portfolio with exceptional flexibility and long-term potential. More than just real estate, this is the opportunity to shape the future of an entire development block. Whether your vision is a thoughtfully planned residential community, a mixed-use redevelopment, an income-producing investment portfolio, or a phased development strategy, this offering provides a foundation that would be extraordinarily difficult to recreate in today's market. The assemblage includes: • Two commercially zoned parcels with prominent frontage and visibility along Smithtown Boulevard. • A six-unit multifamily property providing immediate income while future plans are developed. • Five contiguous residential development parcels totaling approximately 2.75 acres, offering exceptional potential for future residential expansion. • A single-family residence that may serve as an owner-occupied home, rental property, or future redevelopment component. What makes this offering truly exceptional is not simply the acreage—it's the opportunity. Acquiring nearly an entire development block under one ownership eliminates the time, uncertainty, and expense of assembling multiple properties from different owners. It creates a level of flexibility and control that is increasingly difficult to find in today's market. Strategically positioned with frontage on Smithtown Boulevard and additional access from Spectacle Lake Drive and Lillian Drive, the property enjoys outstanding visibility, multiple access points, proximity to Lake Ronkonkoma, the Long Island Rail Road, shopping, dining, major transportation corridors, and regional employment centers. Very few opportunities offer this combination of location, existing income, commercial frontage, residential development potential, and long-term flexibility within a single acquisition. For more than seven decades, this property has been part of one family's story. Today, it is ready to become part of someone else's vision. All information is deemed reliable but not guaranteed. Buyers are responsible for independently verifying zoning, permitted uses, development potential, approvals, utilities, lot dimensions, environmental conditions, and all other matters material to their intended use.

Hide full description

Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,950,000
Asking Price: $3,950,000
Term
30 Years
Down Payment
$395,000 (10%)
Min: 10% (395,000)
Rate
6.0 %
Mortgage Amount
$3,555,000
Mortgage Payment
$21,314
Taxes
$2,021
Estimated Yoreevo rebate
$69,125
Estimated closing cost
$151,000
Total monthly cost $23,335
Buy your dream home with us and get an estimated
$69,125 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Keller Williams Upstate NYProp

Information ©2026, 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.