Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    83 Lexington Ave Westbury, NY 11590

    Sponsored
    For Sale
    Pending
    $1,150,000

    MULTI_FAMILY - Westbury, NY

    Lot size:
    0.11 Acres
    Days on Market:
    76
    Last Refresh:
    Feb 1 at 3:06 pm

    Property Features for 83 Lexington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 3, Basement, Bedroom 6, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Dining Room
    Bedrooms
    6
    Bathrooms
    3
    APN
    2255-10-133-00-0286-0
    Parking
    5
    Parking features
    Off Street
    Interior features
    First Floor Bedroom, First Floor Full Bath, Formal Dining, Granite Counters, High Ceilings
    Basement
    Full, Unfinished
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Number of units
    2
    Flooring type
    Carpet, Tile - Ceramic
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    Wendy L. Liotti

    Compass Greater NY LLC (212) 913-9058

    Listing agent Wendy L. Liotti (516) 817-8897

    Listing date Nov 18, 2025

    MLS# 933421 Listing URL

    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

    Renovated Two-Family Home, Westbury

    This renovated legal two-family home is located in the Breezy Hill section of Westbury. Each floor features three bedrooms, including spacious primary bedrooms with ample closet space. The first-floor kitchen is new, and the second-floor kitchen is updated, both equipped with stainless steel appliances. The property has gas heating and individual gas and electric meters for each unit. Each apartment includes its own washer and dryer. The first-floor unit has exclusive access to the basement, while the second-floor unit has a pull-down attic for extra storage. Each unit has separate parking and yard access: the first floor has exclusive use of the front circular driveway and a fenced backyard, while the second floor has exclusive use of the side driveway and a separate fenced yard with a large shed. The property, situated on a 0.1148-acre lot, will be delivered occupied. The first-floor tenants are paying $3,800 until April 2026, and the second-floor tenants are paying $3,600 until July 2026. Taxes have been grieved and successfully reduced by over 10%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Driven Landscaping & Maintenan Landscaper

    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
    Westbury
    County
    Nassau
    State
    New York
    Longitude
    -73.589934
    Latitude
    40.751493

    Nearby Similar for Sale

    • $1,200,000
      0.11 Acres

      Westbury Commercial Building on Corner

      Well-maintained commercial building with excellent visibility and on-site parking.
      837 Old Country Rd, Westbury, NY 11590
      View Details
    • New
      $1,248,888
      0.28 Acres

      Colonial Multifamily Property in Westbury

      Move-in ready multifamily home with spacious yard in Westbury, NY.
      32 Longfellow Ave, Westbury, NY 11590
      View Details
    • $343,999

      Cooperative Apartment with Remodeled Kitchen

      Two-bedroom cooperative apartment featuring remodeled kitchen and bath.
      324 Post Ave, Westbury, NY 11590
      View Details
    • $2,600,000

      Renovated Office/Industrial Property For Sale

      Renovated office/industrial property with yard space and parking.
      26-32 Bond St, Westbury, NY 11590
      View Details
    • New
      $589,000
      0.15 Acres

      Westbury Duplex with Parking

      Duplex in Westbury, NY with two units and parking.
      813 Prospect Ave, Westbury, NY 11590
      View Details
    • $379,000

      Westbury Terrace Condominium Apartment

      One-bedroom apartment near LIRR, ideal for commuters.
      135 Post Ave, Westbury, NY 11590
      View Details
    • Contact for pricing

      Westbury Office Building for Sale

      Office building with convenient location, parking, and modern amenities.
      0-0 Merrick Ave, Westbury, NY 11590
      View Details
    • $2,599,999

      Westbury Village Investment Property

      Retail property in Westbury with high traffic and income.
      27 Post Ave, Westbury, NY 11590
      View Details
    • Contact for pricing
      6,150 SF

      Westbury Office Building For Sale

      6,150 SF office building with high visibility.
      950 Jericho Tpke, Westbury, NY 11590
      View Details
    • $14,000,000
      80,000 SF

      Westbury Class A Office Building

      Class A office building in Westbury, New York for sale.
      615 Merrick Ave, Westbury, NY 11590
      View Details
    • $1,200,000

      Westbury Land Parcel For Sale

      Four lots totaling 6,560 SF, ideal for vehicle storage.
      32 Bond St, Westbury, NY 11590
      View Details
    • $239,000

      Move-in Ready Co-op Apartment

      One-bedroom co-op with hardwood floors and eat-in kitchen.
      324 Post 6E, Westbury, NY 11590
      View Details

    FAQs

    What type of property is this?
    Duplex - Legal two-family home with updated kitchens and separate utilities.
    Where is this duplex located?
    The property is located at 83 Lexington Ave Westbury, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Legal two-family home providing immediate rental income: $3,800/$3,600 per month.; - Each unit boasts three bedrooms, including **spacious primary bedrooms with ample closet space**.; - Separate utilities for each unit, plus individual washer/dryer in each apartment.
    (516) 817-8897
    Request Owner's contact information
    83 Lexington Ave Westbury, NY 11590
    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.
    83 Lexington Ave
    Westbury, NY 11590
    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
    83 Lexington Ave Westbury, NY 11590
    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
    Wendy L. Liotti
    (516) 817-8897
    Learn more
    Google sign-in failed. Please try again or use another login method.