2502 Race Avenue
About this property
A strong opportunity for investors, contractors, or buyers looking for a renovation project with upside. Located directly across from a park, this property offers a desirable setting and a layout with multiple value-add possibilities. The main level features 3 bedrooms, a full bath, kitchen, and living room, providing a solid foundation for restoration or redesign. The basement includes a finished area currently set up with a kitchen, living space, full bath, and additional rooms previously used as bedrooms. The garage has also been converted into a small studio-style living area with a kitchenette and bathroom. Both the basement and garage conversions are illegal and will require proper permits and compliance with Town of Brookhaven regulations. For buyers willing to take on renovations or utilize a 203k/renovation loan, this home presents significant potential. With proper updates and permitting, the existing layout offers flexibility for multi-generational living or future rental income opportunities. Set in a residential neighborhood with park views, easy access to area amenities, and strong long-term value potential, this property is ideal for those looking to bring vision and creativity to a project. All information deemed accurate but not guaranteed. Buyer to verify all permits, COs, and intended uses with the Town.
Listing details
- Property Type
- Residential
- Sub-Type
- Single Family Residence
- Year Built
- 1962
- Living Area
- 882 sqft
- Lot Size
- 8,276 sqft
- County
- Suffolk County
- MLS #
- KEY987712
- Status
- Pending
Street view & aerial
Imagery © Google. Street View and satellite data may not reflect current property condition.
FMR for Medford, NY 11763
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11763
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 Bedroom | $2,640 | $31,680 |
| 3 BedroomSubject | $3,324 | $39,888 |
| 4 Bedroom | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
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Questions about this listing
Is 2502 Race Avenue in Medford still available?
Inventory changes daily. 2502 Race Avenue is currently listed as Pending in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 07/20/2026, 04:22 PM ET
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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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