Second-Floor End-Unit
Oceanside, NY 11572 Oceanside, NY 11572
New
Oceanside, NY, 11572
$449,000
For Sale
$449,000
MULTI_FAMILY - Oceanside, NY
Property Size950 SF
Price / SF$472.63
Days on Market2
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 2
- Rooms
- Bedroom 1
- Standard status
- Active
- Size
- 950 SF
Building Details
- Year built
- 1986
Listing agency
NextHome Orangedot
(631) 314-4880
Listed by
Anthony Pellicane
(516) 852-9753
Added: Jul 20 Checked: Jul 21 at 7:06PM
MLS# 1019475
Copyright © 2026 NextHome, Inc. 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 updated second-floor end-unit features an open floor plan with cathedral ceilings and skylights. The kitchen includes granite countertops, stainless steel appliances, custom cabinetry, and a large center island with seating. An oversized living room opens to a private balcony overlooking landscaped grounds. The layout also includes a spacious primary suite with generous closet space, an updated full bathroom, and a convenient half bath, along with an updated central air conditioning and heating system and in-unit washer and dryer.
Situated in a 24-hour gated, pet-friendly community, the unit is positioned just steps from the community entrance and exit, with the community mailbox within a short walk. Community amenities within walking distance include a clubhouse, community pool, recreation center, pickleball and tennis courts, full-size basketball court, scenic pond with fountains and walking paths, dog park, and landscaped open green spaces. The property is also described as minutes from restaurants, shopping, and the South Shore beaches.
Situated in a 24-hour gated, pet-friendly community, the unit is positioned just steps from the community entrance and exit, with the community mailbox within a short walk. Community amenities within walking distance include a clubhouse, community pool, recreation center, pickleball and tennis courts, full-size basketball court, scenic pond with fountains and walking paths, dog park, and landscaped open green spaces. The property is also described as minutes from restaurants, shopping, and the South Shore beaches.
Key Highlights
- 1986‑built second‑floor end‑unit in Oceanside Cove
- Bright open floor plan with cathedral ceilings and skylights
- Updated kitchen with granite countertops, stainless steel appliances, custom cabinetry, and a large center island with seating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $33.96 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $30.8k | $32.43 |
| − OpEx | −$13.9k | −$14.59 |
| NOI | $16.9k | $17.84 |
950 SF · lease $33.96/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$628.1K
$549.6K – $732.8K
NOI $43,968 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated second-floor end unit with in-unit washer and dryer and an updated central air and heating system.
Where is this residential income property located?
The property is located at Oceanside, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1986‑built second‑floor end‑unit in Oceanside Cove; Bright open floor plan with cathedral ceilings and skylights; Updated kitchen with granite countertops, stainless steel appliances, custom cabinetry, and a large center island with seating
