Updated Duplex with Detached
For Sale
$739,000
Pending
1060 Midland Street, Uniondale, NY 11553
Residential Income, Uniondale, NY
Property Size1,448 SF
Lot Size0.14 Acres
Days on Market211
Property Features for 1060 Midland Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking
8
Parking features
Garage, Driveway
Interior features
Eat-in Kitchen
Basement
Unfinished, Full
Elementary school
California Avenue Elementary School
Middle school
Turtle Hook Middle School
High school
Uniondale High School
Elementary school district
Uniondale
Middle school district
Uniondale
High school district
Uniondale
Standard status
Pending
APN
2089-50-025-00-0145-0
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8710
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
Aluminum Siding, Frame
Listing Agency:
LAFFEY REAL ESTATE
(516) 627-4343
Listed By:
Foteini Moschidi
(646) 645-2940
Added: Feb 25
Changed: Sep 12
Last Checked: Sep 24 at 5:06AM
MLS# 964866
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.
Investment Insights
Based on property information with market context.
This two-family residence, built in 1925, includes two separately occupied units, each with two bedrooms and one full bathroom. The property offers an eat-in kitchen, full unfinished basement, natural-gas steam heat, two water heaters, and public water and sewer service. A gas boiler was replaced in 2019, while the roof was updated in 2016 and Andersen windows and shutters were installed in 2020.
Located at 1060 Midland Street in Uniondale, the property sits on a 0.1377-acre lot and includes a detached two-car garage, private driveway parking for up to six vehicles, and two rear-yard storage sheds. Each unit is separately metered for heat and electric, with the owner providing hot water. A lease is in place through August 1, 2026.
Located at 1060 Midland Street in Uniondale, the property sits on a 0.1377-acre lot and includes a detached two-car garage, private driveway parking for up to six vehicles, and two rear-yard storage sheds. Each unit is separately metered for heat and electric, with the owner providing hot water. A lease is in place through August 1, 2026.
Key Highlights
- Two separately occupied units, each with 2 bedrooms and 1 full bath
- 0.1377‑acre lot at 1060 Midland Street, Uniondale, NY 11553
- Detached two‑car garage and driveway parking for up to 6 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,720
$551.7K
Cap Rate 7%
$394,086
$394.1K
Cap Rate 9%
$306,511
$306.5K
Market Conditions
NOI Build-Up for 1,448 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.7K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$39.4K $27.22/SF
− OpEx
−$11.8K −$8.16/SF
NOI
$27.6K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,720
Cap Rate 7%
$394,086
Cap Rate 9%
$306,511
Alternative Uses
Best Use
Multifamily LT 5
$394.1K
$344.8K – $459.8K
NOI $27,586 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$369.0K
$322.9K – $430.5K
NOI $25,829 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$957.4K
$837.7K – $1.12M
NOI $67,017 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 11553, NY
26,929
Population
7,365
Households
3.7
Avg Household Size
36
Median Age
22%
College-Educated
82%
High-School Grad
3.2 sq mi
ZIP Area
8,415
Density / Sq Mi
$105,994
Median Household Income
$41,564
Median Earnings
$2,122
Median Rent
$486,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-family property with separate units, private parking, and recent exterior and mechanical improvements.
Where is this duplex located?
The property is located at 1060 Midland Street Uniondale, NY.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Two separately occupied units, each with 2 bedrooms and 1 full bath; 0.1377‑acre lot at 1060 Midland Street, Uniondale, NY 11553; Detached two‑car garage and driveway parking for up to 6 vehicles
