Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Manhasset Ave Port Washington, NY 11050

    View on Map
    Sponsored
    For Sale
    $2,450,000

    MULTI_FAMILY - Colonial - Port Washington, NY

    Property size:
    5,000 SF
    Lot size:
    0.16 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 23 at 3:06 am

    Property Features for 1 Manhasset Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bedroom 1, Basement, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 7, Dining Room, Bathroom 4, Bedroom 5, Bathroom 7, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 2
    Bedrooms
    8
    Bathrooms
    8
    Parking
    4
    Parking features
    Driveway
    Interior features
    Cathedral Ceiling(s), Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Formal Dining, High Ceilings, His and Hers Closets, Open Floorplan, Open Kitchen
    Basement
    Full, Finished, Walk-Out Access
    Size
    5,000 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Beach Access

    Building Details

    Year built
    2026
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Alana Mitnick Benjamin
    Alana Mitnick Benjamin

    Compass Greater NY LLC

    Listing agent Alana Mitnick Benjamin

    Listing date Mar 8, 2026

    MLS# 952921 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Colonial Multifamily in Port

    Completed in January 2026, this two-family property is located in Manhasset Isle. Each unit features over 2500 square feet of living space, including 4 bedrooms and 3.5 bathrooms. The units have spacious, sun-filled rooms and a large, finished, double-sided basement, offering room for expansion within each residence. This property presents an investment opportunity or a chance for an end-user to experience Port Washington. The property is located moments away from the Manhasset Isle Beach Association, providing access to sunsets on the water, beach access, a clubhouse, dock, and mooring. The location is served by Guggenheim Elementary. The property occupies a lot of 0.1607 acres. Note that the kitchen can be customized to add a kitchen island as per virtual staging.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Washington
    County
    Nassau
    State
    New York
    Longitude
    -73.708771
    Latitude
    40.837184

    Nearby Similar for Sale

    • $499,999
      2,000 SF

      Mechanic Shop with Gas Station

      Established mechanic shop, gas station, and store on high-traffic road.
      655 Port Washington Blvd, Port Washington, NY 11050
      View Details
    • $695,000
      Pending

      Port Washington Medical/Professional Office

      Two-story commercial property near LIRR, suitable for medical or professional use.
      150 Bayview Ave, Port Washington, NY 11050
      View Details
    • New
      $2,350,000
      5,000.00 Acres

      New Construction Two-Family Home

      New construction two-family home in Port Washington, NY.
      56 Kirkwood Rd, Port Washington, NY 11050
      View Details
    • $1,999,000
      3,394 SF

      New Colonial Duplex in Port

      New construction colonial duplex with rental potential in Port Washington.
      59 Edgewood Rd, Port Washington, NY 11050
      View Details
    • New
      $1,990,000
      Pending

      Port Washington Duplex For Sale

      Well-maintained duplex in high-demand Port Washington neighborhood.
      34 Dunes Ln, Port Washington, NY 11050
      View Details
    • $1,995,000
      0.07 Acres

      New Colonial Duplex in Port

      New construction duplex with investment potential in Port Washington, NY.
      46 Linwood Rd N, Port Washington, NY 11050
      View Details
    • $1,249,000
      Pending

      Port Washington Duplex For Sale

      Legal 2-family residence with 6 bedrooms, ideal for investment.
      27 Juniper Rd, Port Washington, NY 11050
      View Details
    • $889,000

      Port Washington Commercial Property For Sale

      Commercial property with multiple rental spaces, storage, and ample parking.
      17 S Maryland Ave, Port Washington, NY 11050
      View Details
    • $699,000
      Pending

      Two-Family Home on Firwood Rd

      Two-family home with tenant-occupied apartments, available in July.
      42 Firwood Rd, Port Washington, NY 11050
      View Details

    FAQs

    What type of property is this?
    Duplex - Two spacious units near Manhasset Isle Beach Association.
    Where is this duplex located?
    The property is located at 1 Manhasset Ave Port Washington, NY.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - Two family home completed in January 2026, offering two separate residences each with over 2500 sq ft.; - Each unit features **4 bedrooms and 3.5 baths**.; - Access to Manhasset Isle Beach Association with **beach access, clubhouse, dock, and mooring**.
    (917) 680-1948
    Request Owner's contact information
    1 Manhasset Ave Port Washington, NY 11050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Manhasset Ave
    Port Washington, NY 11050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Manhasset Ave Port Washington, NY 11050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alana Mitnick Benjamin
    Alana Mitnick Benjamin
    Real Estate License ID: 10301212492
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!