BEDS2
BATHS1 full
SQUARE FEET916
MLS#965279
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLRiverhead
Property Description
Welcome to 37 Lake Ave in Riverhead, a unique opportunity located within the Riverside Revitalization Project, RO-2 Overlay District. This property currently features a cozy 2-bedroom, 1-bathroom home offering comfortable living while presenting exceptional potential for future development.The existing home includes two well-sized bedrooms, a full bathroom, and a functional living space, making it suitable for immediate occupancy or rental. However, the true value lies in the property's investment and redevelopment potential.Riverside is undergoing an exciting transformation, and this parcel is positioned at the center of that growth. A new sewer line installation planned for next year is expected to support expanded development and increased property value throughout the area.Preliminary concepts for the site suggest the potential for up to 7 residential apartments and 1 commercial unit, making it an attractive opportunity for investors, developers, or buyers looking to secure property in a growing community.Don't miss the chance to own property in one of Riverhead's emerging neighborhoods with promising long-term potential. Explore the possibilities at 37 Lake Ave today.For more information about the Riverside Revitalization Plan, please click the link:https://www.southamptontownny.gov/DocumentCenter/View/4881/Riverside-Revitalization-Action-Plan-RRAP-7-25-15--FINAL-PDF
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Bilco Door(s), Full
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Forced Air, Oil
Home Style: Ranch
Lot Size: 0.27 Acres
Taxes: $3,780
Year Built: 1960
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Feature Descriptions
Appliances: Gas Range, Refrigerator
Exterior: Frame
Flooring: Hardwood
GarageY/N: Yes
Number Of Kitchens: 1
On Market Date: 2026-03-12
Parking Features: Detached
Rental Term: Monthly
Rooms Total: 5
Sewer: Cesspool
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Riverhead Senior High School
Middle School: Riverhead Middle School
Elementary School: Pulaski Street Elementary School
School District: Riverhead
Listed By / Shown By
Listing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 631-354-8100
Shown By
Agent Name: Andrea Bharucha
Agent Phone: Cell: (516) 551-1366
Agency Title: Howard Hanna | Coach Realtors
Estimate Your Payment
Estimated Payment
$ 2,832.85 per month $2,357.72 Principal & Interest $315.00 Property Tax $160.13 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agency License Information: https://www.coachrealtors.com New York State Real Estate Broker Principal Office License Number: 10991237973
37 Lake Avenue | MLS# 965279
This single family home located at 37 Lake Avenue, Rivers Edge, NY 11901 is currently listed for sale with an asking price of $549,000. This property was built in 1960 and has 2 bedrooms and 1 full baths with 916 sq. ft. Lake Avenue is located within the Riverhead school district. Search Rivers Edge real estate on abharucha.coachrealtors.com today.