Sign Up Successful!
You now have access to more from Realmo!
    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

    494 Keller Ave Elmont, NY 11003

    Sponsored
    For Sale
    $770,000

    MULTI_FAMILY - Colonial - Elmont, NY

    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 23 at 10:06 pm

    Property Features for 494 Keller Ave

    General Information

    Special listing conditions
    In Foreclosure, Real Estate Owned
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    In Foreclosure, Real Estate Owned
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Dining Room, Basement, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 3
    Bedrooms
    5
    Bathrooms
    3
    APN
    2089-32-540-00-0041-0
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining
    Basement
    Full
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Hot Water(Heating), Natural Gas

    Building Details

    Year built
    2001
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Todd A. Yovino
    Todd A. Yovino

    Island Advantage Realty, LLC (631) 820-3400

    Listing agent Todd A. Yovino (516) 819-7800

    Listing date Jan 22, 2026

    MLS# 953814

    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

    Cape Cod Home with Garage

    This Cape Cod-style home features a full basement and a detached garage. Situated in a location that provides easy access to local amenities, the property offers exceptional potential. The lot size is 0.0918 acres. The property is located in Elmont, Nassau County, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Queens
    State
    New York
    Longitude
    -73.693954
    Latitude
    40.694695

    Nearby Similar for Sale

    • $899,000
      Pending

      Renovated Two-Family Home, Elmont

      Renovated 2-family home on oversized lot, ideal for investors.
      489 Eureka Ave, Elmont, NY 11003
      View Details
    • New
      $1,100,000
      0.08 Acres

      Renovated Colonial Multifamily Home

      Elmont colonial with renovated units, kitchens, and baths.
      1371 Rosser Ave, Elmont, NY 11003
      View Details
    • $1,400,000
      2,354 SF

      Spacious Multi-Family Home in Elmont

      Multi-family home with 8 bedrooms, finished basement, and outdoor spaces.
      431 Kirkman Ave, Elmont, NY 11003
      View Details
    • New
      $990,000
      Pending

      Colonial Duplex in Elmont, NY

      Spacious 4-bedroom duplex with rental income potential in Elmont.
      179 Sterling Rd, Elmont, NY 11003
      View Details
    • $599,999
      0.08 Acres

      Elmont Multifamily Investment Opportunity

      Multifamily property in Elmont with value-add potential.
      19 Frederick Ave, Elmont, NY 11003
      View Details
    • $1,050,000
      Pending

      Elmont Warehouse with Office Space

      Warehouse space with office, bathrooms, high ceilings, and parking.
      19 Hillsboro Ave, Elmont, NY 11003
      View Details
    • $1,050,000
      0.18 Acres

      Elmont Duplex: Income or Living

      Well-maintained Elmont duplex, ideal for investors or multi-generational living.
      1551 Sweetman Ave, Elmont, NY 11003
      View Details
    • $4,999,999
      7,200 SF

      Prime Commercial Property Near UBS Arena

      Versatile commercial property near UBS Arena with retail and parking.
      1529 Hempstead Tpke, Elmont, NY 11003
      View Details
    • $849,000

      Elmont Two-Family Home

      Two-family home in Elmont with park-like property.
      40 Carnegie Ave, Elmont, NY 11003
      View Details
    • $2,650,000

      Three-Story Warehouse and Office Space

      Three-story warehouse and office space with loading docks and parking.
      200 Meacham Ave, Elmont, NY 11003
      View Details
    • $1,049,000

      Spacious Two-Family Home with Upgrades

      Move-in ready 2-family home with finished basement and upgrades.
      291 Evans Ave, Elmont, NY 11003
      View Details
    • $1,500,000

      Repurposed Church with Event Space

      Unique property featuring event space, kitchen, and classrooms.
      1350 A St, Elmont, NY 11003
      View Details

    FAQs

    What type of property is this?
    Duplex - Cape Cod-style home with basement, garage, and great potential.
    Where is this duplex located?
    The property is located at 494 Keller Ave Elmont, NY.
    What is the asking price?
    The asking price for this property is $770,000.
    What are key features of this property?
    This property features: - Great location with easy access to local amenities.; - Cape Cod-style home with a full basement and detached garage.; - **First Floor Bedroom and Full Bath.**
    (631) 351-6000
    Request Owner's contact information
    494 Keller Ave Elmont, NY 11003
    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.
    494 Keller Ave
    Elmont, NY 11003
    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
    494 Keller Ave Elmont, NY 11003
    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
    Todd A. Yovino
    Todd A. Yovino
    (631) 351-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.