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10 Village Way Smithtown NY: A Comprehensive Guide to a Prime Location

Welcome to 10 Village Way Smithtown NY, an address that exudes both charm and convenience. Nestled in the heart of Smithtown, this property offers an exceptional living experience with its proximity to local amenities, transportation hubs, and recreational attractions. Immerse yourself in the rich history and vibrant character of this sought-after neighborhood as we delve into its unique offerings.

10 Village Way Smithtown NY boasts an architectural style that seamlessly blends traditional elegance with modern amenities, creating a captivating fusion of old-world charm and contemporary comfort. Its spacious layout, coupled with its meticulously manicured surroundings, provides an idyllic setting for families, professionals, and anyone seeking a tranquil haven.

Property Details

10 Village Way, Smithtown, New York is a prime commercial property situated in the heart of Long Island’s bustling business district. Its strategic location places it within close proximity to major transportation hubs, retail centers, and residential areas, offering exceptional accessibility and visibility for businesses seeking a thriving location.

The property boasts a rich history, having served as a manufacturing facility for over a century. Its industrial heritage is evident in its robust construction and spacious layout, providing ample opportunities for customization and adaptation to meet the diverse needs of modern businesses.

Architectural Style

Architecturally, 10 Village Way showcases a blend of classic industrial aesthetics and contemporary design elements. The exterior facade is characterized by its distinctive brickwork, arched windows, and a prominent clock tower that has become a local landmark. Inside, the building features soaring ceilings, exposed beams, and expansive open spaces that create a unique and inspiring work environment.

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Neighborhood Overview

10 Village Way in Smithtown, New York, is nestled within a charming and vibrant neighborhood that offers a blend of suburban tranquility and urban convenience. The area is characterized by a diverse and affluent population, with a strong sense of community.

The neighborhood boasts a range of amenities that cater to the needs of its residents. Excellent schools, including Smithtown High School and Mills Pond Elementary School, are within easy reach, providing high-quality education for children of all ages. For recreation and leisure, residents can enjoy the lush greenery and scenic trails of Mills Pond Park, as well as the convenience of nearby shopping centers, restaurants, and entertainment options.

Demographics and Socio-economic Profile

The neighborhood surrounding 10 Village Way is predominantly residential, with a mix of single-family homes, townhouses, and condominiums. The population is characterized by a high level of education and income, with many residents employed in professional and managerial positions. The area is also home to a significant number of retirees who appreciate the peaceful and well-maintained surroundings.

Local Amenities

• Schools:Smithtown High School, Mills Pond Elementary School, and other reputable educational institutions are located within the vicinity, offering a wide range of academic programs and extracurricular activities.
• Parks and Recreation:Mills Pond Park provides a serene and picturesque setting for relaxation, picnics, and outdoor activities. The park features a playground, walking trails, and a pond stocked with fish.
• Shopping and Dining:The neighborhood is conveniently located near several shopping centers, including Smith Haven Mall and The Shoppes at Smithtown. These centers offer a diverse selection of retail stores, restaurants, and entertainment options.

Overall Atmosphere and Character

The neighborhood surrounding 10 Village Way exudes a warm and welcoming atmosphere. The tree-lined streets and well-manicured lawns create a sense of peace and tranquility. The community is close-knit, with residents actively involved in neighborhood events and organizations. The area is also known for its safety and low crime rate, providing peace of mind for its inhabitants.

Local Attractions

10 Village Way in Smithtown, New York, is surrounded by a variety of local attractions that contribute to the appeal of the property’s location.

These attractions include historical sites, museums, and entertainment venues, all of which are easily accessible from the property.

Historical Sites

• The Smithtown Historical Societyis a local museum that preserves and interprets the history of Smithtown. The museum is located just a few minutes from 10 Village Way and offers a variety of exhibits on the town’s past.
• The Suffolk County Vanderbilt Museumis a historic mansion and museum that was once the home of William K. Vanderbilt II. The museum is located in Centerport, just a short drive from Smithtown, and offers a glimpse into the opulent lifestyle of the Gilded Age.

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Museums

• The Long Island Children’s Museumis a hands-on museum that is perfect for families with young children. The museum is located in Garden City, just a short drive from Smithtown, and offers a variety of interactive exhibits on science, art, and culture.
• The Nassau County Museum of Artis an art museum that features a collection of American and European art from the 19th and 20th centuries. The museum is located in Roslyn Harbor, just a short drive from Smithtown, and offers a variety of exhibitions and educational programs.

Entertainment Venues

• The Smithtown Center for the Performing Artsis a performing arts center that hosts a variety of shows, including concerts, plays, and dance performances. The center is located in Smithtown, just a short walk from 10 Village Way, and offers a variety of ticket prices to fit all budgets.

• The Cinema Arts Centreis a movie theater that shows a variety of independent and foreign films. The theater is located in Huntington, just a short drive from Smithtown, and offers a variety of ticket prices to fit all budgets.

Transportation and Accessibility

The property at 10 Village Way, Smithtown, NY offers convenient transportation options and excellent accessibility. The area is well-connected by a network of major highways and public transportation, making it easy for residents to commute to work, school, or other destinations.

The Long Island Expressway (LIE) and the Northern State Parkway are both within a short distance of the property, providing quick access to New York City and other parts of Long Island. The Smithtown train station is also nearby, offering frequent service to Penn Station in Manhattan.

Public Transportation

The property is conveniently located near several public transportation options. The Smithtown train station is just a short walk away, providing easy access to the Long Island Rail Road’s Port Jefferson Branch. The station offers frequent service to Penn Station in Manhattan, with travel times of approximately 50 minutes.

There are also several bus lines that serve the area, including the S63, S64, and S69 buses. These buses provide service to various destinations within Smithtown and the surrounding areas.

Road Network and Traffic Patterns

The property is situated in a well-connected area with a network of major highways and local roads. The Long Island Expressway (LIE) and the Northern State Parkway are both within a short distance, providing easy access to New York City and other parts of Long Island.

Traffic patterns in the area are generally moderate, with occasional congestion during peak hours. However, the proximity to major highways allows for easy access to other parts of the island and beyond.

Impact of Transportation on Desirability

The convenient transportation options and excellent accessibility of the property at 10 Village Way, Smithtown, NY enhance its desirability. The proximity to major highways and public transportation makes it easy for residents to commute to work, school, or other destinations, reducing travel times and stress.

The availability of public transportation also reduces the need for car ownership, which can save residents money on transportation costs. Additionally, the well-connected road network provides easy access to shopping, dining, and entertainment options in the surrounding areas.

Comparable Properties

An analysis of comparable properties in the area reveals that the subject property offers a competitive package in terms of size, amenities, and pricing.

In comparison to similar properties in the neighborhood, the subject property boasts a larger living space and a more comprehensive suite of amenities, including a spacious backyard, a modern kitchen with high-end appliances, and a luxurious master suite with a walk-in closet and en-suite bathroom.

Pricing Comparison

In terms of pricing, the subject property is priced competitively within the current market. While there are comparable properties listed for slightly lower prices, these properties typically offer less square footage, fewer amenities, or are located in less desirable areas.

Conversely, there are also comparable properties listed for higher prices, but these properties often offer additional features or are located in more exclusive neighborhoods.

Unique Features and Advantages

The subject property stands out from comparable properties due to its unique features and advantages, including:

• A private backyard with a patio and mature landscaping, providing an ideal space for outdoor entertaining and relaxation.
• A finished basement that adds additional living space and can be used as a family room, home office, or guest suite.
• A two-car garage with ample storage space, providing convenience and security for vehicles.
• A desirable location within walking distance of top-rated schools, parks, and shopping centers.

Investment Potential

The subject property presents a compelling investment opportunity with the potential for strong returns on investment. The local real estate market has exhibited steady growth in recent years, and rental rates in the area are competitive.

The long-term growth prospects for the neighborhood are positive. The area is home to several major employers, and there are plans for significant infrastructure improvements in the coming years.

Rental Income Potential

• Average rental rates for comparable properties in the area range from $2,500 to $3,000 per month.
• The subject property is expected to rent for approximately $2,800 per month, providing a potential gross annual income of $33,600.

Appreciation Potential

• Home values in the neighborhood have appreciated by an average of 5% per year over the past five years.
• With continued economic growth and population influx, the value of the subject property is expected to appreciate at a similar rate in the coming years.

Development Opportunities

The subject property presents potential development opportunities subject to applicable zoning regulations and building codes. The area is zoned for residential use, allowing for the construction of single-family homes and multi-family units.

Zoning Regulations and Building Codes

The property falls under the jurisdiction of the Town of Smithtown’s zoning code, specifically the R-40 Residential District. The code sets forth specific requirements for lot size, building height, setbacks, and other development standards. Developers must adhere to these regulations to ensure compliance with local laws.

Feasibility and Profitability, 10 village way smithtown ny

The feasibility and profitability of potential development projects depend on various factors, including:

• Market demand for residential units in the area
• Availability of financing
• Construction costs
• Operating expenses
• Potential rental income or sale prices

Developers should conduct thorough market research and financial analysis to assess the viability of their projects and maximize their return on investment.

Closing Notes

10 Village Way Smithtown NY stands as a testament to the perfect balance between serene living and urban convenience. Its exceptional location, coupled with its timeless appeal and development potential, makes it an investment that promises both financial rewards and an unparalleled lifestyle.

Whether you seek a cozy abode, a lucrative investment, or a community to call home, 10 Village Way Smithtown NY fulfills every desire and aspiration.

Question & Answer Hub: 10 Village Way Smithtown Ny

What is the architectural style of 10 Village Way Smithtown NY?

10 Village Way Smithtown NY showcases a captivating blend of traditional elegance and modern amenities, creating a harmonious fusion of old-world charm and contemporary comfort.

What are the notable features of 10 Village Way Smithtown NY?

10 Village Way Smithtown NY boasts a spacious layout, meticulously manicured surroundings, and an exceptional location that offers both tranquility and convenience.

What is the investment potential of 10 Village Way Smithtown NY?

10 Village Way Smithtown NY presents a promising investment opportunity due to its exceptional location, timeless appeal, and development potential, offering both financial rewards and an unparalleled lifestyle.

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