Two-Family Duplex with Warehouse
New
For Sale
$949,000
74 W Hoffman Avenue, Lindenhurst, NY 11757
Residential Income, Lindenhurst, NY
Property Size2,200 SF
Lot Size0.11 Acres
Price / SF$431.36
Days on Market3
Property Features for 74 W Hoffman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 4
Parking features
Driveway, On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Full, Unfinished
Elementary school
Albany Avenue School
Middle school
Lindenhurst Middle School
High school
Lindenhurst Senior High School
Elementary school district
Lindenhurst
Middle school district
Lindenhurst
High school district
Lindenhurst
Standard status
Active
APN
0103-010-00-01-00-044-000
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17657
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1940
Number of units
3
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
BH&G R E Realty Connect · Better Homes and Gardens Real Estate
(516) 799-7999
Listed By:
Viola Schineller
(516) 808-1457
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 10 at 1:06AM
MLS# 1047312
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 legal two-family property combines two residential units with a substantial rear commercial component. The first residence includes a kitchen, living room, dining area, two bedrooms, full bath, and unfinished basement. The upper residence provides three bedrooms, an office, kitchen or eating area, living room, and two full baths. A first-floor bedroom and full bath are also present within the property.
The rear structure adds approximately 1,100 square feet per floor across two floors, or roughly 2,200 additional square feet, configured for warehouse or office-type use. The property is zoned for both residential and commercial purposes, supporting a range of permitted occupancy and business applications. Built in 1940 with aluminum siding, the property includes baseboard heating, public water, public sewer, driveway parking, and on-street parking on a 0.1148-acre lot.
The rear structure adds approximately 1,100 square feet per floor across two floors, or roughly 2,200 additional square feet, configured for warehouse or office-type use. The property is zoned for both residential and commercial purposes, supporting a range of permitted occupancy and business applications. Built in 1940 with aluminum siding, the property includes baseboard heating, public water, public sewer, driveway parking, and on-street parking on a 0.1148-acre lot.
Key Highlights
- Legal 2‑family duplex with two distinct residential units
- Upper unit includes 3 bedrooms, an office, kitchen/eating area, living room, and 2 full baths
- Rear structure provides approximately 2,200 additional square feet across two floors
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
$42,482
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
4.48%
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%
$849,640
$849.6K
Cap Rate 7%
$606,886
$606.9K
Cap Rate 9%
$472,022
$472.0K
Market Conditions
NOI Build-Up for 2,200 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
$64.7K $29.40/SF
− Vacancy
−$4.0K −$1.81/SF
EGI
$60.7K $27.59/SF
− OpEx
−$18.2K −$8.28/SF
NOI
$42.5K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /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%
$849,640
Cap Rate 7%
$606,886
Cap Rate 9%
$472,022
Alternative Uses
Best Use
Multifamily LT 5
$606.9K
$531.0K – $708.0K
NOI $42,482 @ 7.0% cap · market cap 4.48%
Second Best
Mixed Use
$559.5K
$489.6K – $652.7K
NOI $39,164 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$670.2K
$586.5K – $781.9K
NOI $46,916 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential units are paired with rear office and warehouse areas across two levels.
Where is this duplex located?
The property is located at 74 W Hoffman Avenue Lindenhurst, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Legal 2‑family duplex with two distinct residential units; Upper unit includes 3 bedrooms, an office, kitchen/eating area, living room, and 2 full baths; Rear structure provides approximately 2,200 additional square feet across two floors
