Cape Cod Duplex with Wood-Burning
For Sale
$929,000
Pending
190 Bryant Avenue, Floral Park, NY 11001
MULTI_FAMILY - Cape Cod - Floral Park, NY
Property Size1,600 SF
Lot Size0.14 Acres
Days on Market121
Property Features for 190 Bryant Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Dining Room, Bedroom 2
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining
Fireplace
1
Basement
Storage Space, Walk-Out Access, Full, Finished
Elementary school
John Lewis Childs School
Middle school
Floral Park Memorial High School
High school
Floral Park Memorial High School
Elementary school district
Floral Park-Bellerose
Middle school district
Sewanhaka Central
High school district
Sewanhaka Central
Directions
Refer to Google Maps.
Standard status
Pending
APN
2259-08-073-00-0037-0
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17454
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
wood-burning fireplace
garden
Building Details
Year built
1926
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Cape Cod
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
James Y. Chung · License #10301214776
(917) 727-5652
Added: Apr 9
Changed: Aug 1
Last Checked: Aug 7 at 6:06AM
MLS# 983114
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.
Charming two-family Cape Cod duplex set mid-block on a wide, tree-lined street in the Village of Floral Park. Built in 1926, the brick home sits on an approximately 60 x 100 lot and offers about 1,600 SF of living space. The first-floor unit includes two bedrooms, an eat-in kitchen, formal dining room, a bright living room with a wood-burning fireplace, and a full bath. The second-floor unit features a flexible layout with one bedroom plus an additional bedroom/office, a kitchen with eating area, living room, and a full bath. Interior finishes include marble and hardwood floors.
A full basement adds additional usable space with a half bath, utility area, and separate access. The home is serviced by two gas furnaces, one hot water heater, and has 2 gas and 2 electric meters. A long private driveway leads to a detached garage with ample parking, and the expansive backyard includes a garden and mature fruit plants (persimmons, peaches, and apricots) supported by a water well for irrigation.
The property is conveniently located near the LIRR, shops, dining, and recreational amenities.
A full basement adds additional usable space with a half bath, utility area, and separate access. The home is serviced by two gas furnaces, one hot water heater, and has 2 gas and 2 electric meters. A long private driveway leads to a detached garage with ample parking, and the expansive backyard includes a garden and mature fruit plants (persimmons, peaches, and apricots) supported by a water well for irrigation.
The property is conveniently located near the LIRR, shops, dining, and recreational amenities.
Key Highlights
- Approximately 60 x 100 lot with about 1,600 SF of living space
- Two‑family layout: first‑floor 2 bedrooms; second‑floor 1 bedroom plus additional bedroom/office
- Wood‑burning fireplace in the first‑floor living room
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
$39,111
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
4.21%
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%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 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
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 4.21%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
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 - Two-family Cape Cod duplex featuring a wood-burning fireplace, detached garage, and private driveway.
Where is this duplex located?
The property is located at 190 Bryant Avenue Floral Park, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Approximately 60 x 100 lot with about 1,600 SF of living space; Two‑family layout: first‑floor 2 bedrooms; second‑floor 1 bedroom plus additional bedroom/office; Wood‑burning fireplace in the first‑floor living room
