Two-Unit Duplex with Detached
For Sale
$739,000
Pending
1060 Midland Street, Uniondale, NY 11553
MULTI_FAMILY - Uniondale, NY
Property Size1,448 SF
Lot Size0.14 Acres
Days on Market165
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, Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 2
Parking
8
Parking features
Driveway, Garage
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
Natural Gas, Steam
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: Aug 1
Last Checked: Aug 9 at 5:06PM
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 well-maintained two-family duplex offers two units, each with two bedrooms and one full bath. Both units are tenant-occupied, with tenants responsible for heat and electric and the owner providing hot water. The property also includes a full unfinished basement with a gas boiler and two water heaters. A new gas boiler was installed in 2019. Interior features include an eat-in kitchen.
Built in 1925, the home sits on a 0.1377-acre lot and includes a fully updated shingle roof installed in 2016, along with Andersen windows and shutters installed in 2020. Exterior improvements also include new garage panels in 2023. Parking is provided via a private driveway that can fit up to 6 cars for off-street parking, plus a detached two-car garage. Two storage sheds are located in the rear yard.
Utilities connect to public water and public sewer, supporting straightforward operations for a two-family ownership structure.
Built in 1925, the home sits on a 0.1377-acre lot and includes a fully updated shingle roof installed in 2016, along with Andersen windows and shutters installed in 2020. Exterior improvements also include new garage panels in 2023. Parking is provided via a private driveway that can fit up to 6 cars for off-street parking, plus a detached two-car garage. Two storage sheds are located in the rear yard.
Utilities connect to public water and public sewer, supporting straightforward operations for a two-family ownership structure.
Key Highlights
- Two‑family duplex with two bedrooms and one full bath per unit
- Tenants responsible for heat and electric; owner provides hot water
- Full unfinished basement with gas boiler and two water heaters; new boiler in 2019
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family duplex with two bedrooms per unit, separate utilities, and an on-site detached two-car garage.
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‑family duplex with two bedrooms and one full bath per unit; Tenants responsible for heat and electric; owner provides hot water; Full unfinished basement with gas boiler and two water heaters; new boiler in 2019
