Two-Family Colonial with Detached
10 Springmeadow Drive Kings Park, NY 11754
10 Springmeadow Drive, Kings Park, NY, 11754
$1,475,000
For Sale
$1,475,000
Legal two-family Colonial extensively renovated in 2025 with a detached two-car garage and solar panels.
Property Size3,806 SF
Lot Size1.00 Acre
Price / SF$387.55
Days on Market13
Property Features for 10 Springmeadow Drive
General Information
- Standard status
- Active
- Size
- 3,806 SF
- Lot size
- 1.00 Acre
- Property subtype
- Duplex
Building Details
- Year Built
- 1985
Listing agency
Realty Connect USA L I Inc
(631) 881-5160
Listed by
Alexis Adams
(631) 881-5160
Source
Compass
Added: Jul 10 Updated: Jul 21 at 11:18AM Checked: Jul 22 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Connect USA L I Inc
Investment Insights
Based on property information with market context.
10 Springmeadow Drive is a legal two-family Colonial with separate living options, offering a total of 7 bedrooms and 5 full bathrooms across the main and secondary residences. The main residence includes a first-floor bedroom, formal dining room, expansive living and family rooms with a cozy wood-burning fireplace, a brand-new eat-in kitchen with a butler’s pantry, laundry room, and mudroom, plus four additional bedrooms and two full bathrooms upstairs, including a primary suite with a sitting area and ensuite bath with dual vanities. The secondary residence features 2 bedrooms, 2 bathrooms, and a private fenced patio.
Recent improvements are extensive, with renovations completed in 2025 to include new flooring, kitchen and bathrooms, windows, doors, siding, a sprinkler system, gas service, heating and cooling systems, and a brand-new Energy Star-rated Navien gas system. Brand-new panoramic sliding doors connect the main living areas to the backyard. A detached two-car garage with attic storage supports everyday convenience.
Set on an approximately one-acre lot, the property includes a patio area in the backyard and additional outdoor space for flexible use. Solar panels provide added energy efficiency.
Recent improvements are extensive, with renovations completed in 2025 to include new flooring, kitchen and bathrooms, windows, doors, siding, a sprinkler system, gas service, heating and cooling systems, and a brand-new Energy Star-rated Navien gas system. Brand-new panoramic sliding doors connect the main living areas to the backyard. A detached two-car garage with attic storage supports everyday convenience.
Set on an approximately one-acre lot, the property includes a patio area in the backyard and additional outdoor space for flexible use. Solar panels provide added energy efficiency.
Key Highlights
- Legal two‑family Colonial with main 5 bedrooms/3 full baths plus secondary unit with 2 bedrooms/2 baths
- Extensively renovated in 2025: new flooring, kitchen, bathrooms, windows, doors, siding, and sprinkler system
- Energy Star‑rated Navien gas system, new heating and cooling, and new gas service installed in 2025
Local Financial Insights For Multifamily LT 5
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 | $111.9k | $29.40 |
| − Vacancy | −$6.9k | −$1.81 |
| EGI | $105.0k | $27.59 |
| − OpEx | −$31.5k | −$8.28 |
| NOI | $73.5k | $19.31 |
3,806 SF · lease $29.40/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.7K – $1.22M
NOI $73,495 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$966.3K
$845.5K – $1.13M
NOI $67,642 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,164 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal two-family Colonial extensively renovated in 2025 with a detached two-car garage and solar panels.
Where is this duplex located?
The property is located at 10 Springmeadow Drive Kings Park, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Legal two‑family Colonial with main 5 bedrooms/3 full baths plus secondary unit with 2 bedrooms/2 baths; Extensively renovated in 2025: new flooring, kitchen, bathrooms, windows, doors, siding, and sprinkler system; Energy Star‑rated Navien gas system, new heating and cooling, and new gas service installed in 2025
