Small property near Wyandanch Rising redevelopment lists for $1.2M

March 25, 2019 03:43PM

A less than one-acre parcel with an 88-year-old Colonial home on it in the hamlet of Wyandanch has hit the market with a whopping $1.2 million price tag, Newsday reported. The reason for the surprising ask is that the property is located across from Wyandanch Rising, a $500 million public-private redevelopment project that began in 2002. As a point of comparison, the largest-ever recorded sale for a residential property in Wyandanch was the 2007 sale of a Colonial for a mere $451,000, according to the Multiple Listing Service of Long Island. The next buyer for the seven-bedroom home at 1620 Straight Path in Wheatley Heights could tear it down and get rezoning from the Town of Babylon for multifamily housing or commercial uses, listing agent Cheron Dinkins of Keller Williams Points North told Newsday. The 40-acre Wyandanch Rising project is slated to include apartments, a train station and a health and wellness center. The redevelopment was supposed to become the home of the Long Island Music Hall of Fame, but those plans fell apart earlier this year. Suffolk County had given $1.2 million to Babylon to build the museum’s interior, but that money will now go toward a YMCA-run event space. [Newsday]