Legal Two-Family Home with
For Sale
$769,000
25 Webb Avenue, Hempstead, NY 11550
Residential Income, Hempstead, NY
Property Size1,474 SF
Lot Size0.09 Acres
Price / SF$521.71
Days on Market23
Property Features for 25 Webb Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2
Parking
4
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Full
Elementary school
Barack Obama Elemen School
Middle school
Alverta B Gray Schultz Middle Sch
High school
Hempstead High School
Elementary school district
Hempstead
Middle school district
Hempstead
High school district
Hempstead
Standard status
Active
APN
2013-34-203-00-0347-0
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7487
Utilities
Sewer type
Public Sewer
Heating system
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
Frame
Listing Agency:
Telemundo Realty Corp
(718) 205-3737
Listed By:
Nelson G. Cardona
(347) 285-3074
Added: Jul 29
Changed: Aug 20
Last Checked: Aug 20 at 2:06AM
MLS# 1032512
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.
Legal two-family home offering two residential units with a total of approximately 1,474 square feet of living space. The property includes 2 full bathrooms, a full basement, and interior features such as a first-floor bedroom and a first-floor full bath. Constructed with frame materials and served by natural gas heating. Cooling is provided by window and wall/window unit(s). Parking includes a detached two-car garage and a private driveway that fits 3 more cars.
Set on a 40' x 100' lot in Hempstead, Nassau County, NY. The home is on a public water and public sewer system and is positioned in a convenient residential neighborhood close to shopping, restaurants, parks, schools, public transportation, and major highways.
Built in 1925, this is structured as a legal 2-family property, suited for owner-occupants or investors seeking to have income-producing residential units on one lot.
Set on a 40' x 100' lot in Hempstead, Nassau County, NY. The home is on a public water and public sewer system and is positioned in a convenient residential neighborhood close to shopping, restaurants, parks, schools, public transportation, and major highways.
Built in 1925, this is structured as a legal 2-family property, suited for owner-occupants or investors seeking to have income-producing residential units on one lot.
Key Highlights
- Legal two‑family home with 2 full bathrooms
- Approximately 1,474 SF of living space
- Full basement plus a first‑floor bedroom and first‑floor full bath
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
$28,081
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
3.65%
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%
$561,620
$561.6K
Cap Rate 7%
$401,157
$401.2K
Cap Rate 9%
$312,011
$312.0K
Market Conditions
NOI Build-Up for 1,474 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
$42.5K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$40.1K $27.22/SF
− OpEx
−$12.0K −$8.16/SF
NOI
$28.1K $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%
$561,620
Cap Rate 7%
$401,157
Cap Rate 9%
$312,011
Alternative Uses
Best Use
Multifamily LT 5
$401.2K
$351.0K – $468.0K
NOI $28,081 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$375.6K
$328.7K – $438.2K
NOI $26,292 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$974.6K
$852.8K – $1.14M
NOI $68,220 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
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 - Legal two-family home on a private driveway with a detached two-car garage, basement, and public utilities.
Where is this duplex located?
The property is located at 25 Webb Avenue Hempstead, NY.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Legal two‑family home with 2 full bathrooms; Approximately 1,474 SF of living space; Full basement plus a first‑floor bedroom and first‑floor full bath
