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Duplex with Finished Lower Level
New
For Sale
$1,199,999

1024 First Avenue, Franklin Square, NY 11010

Residential Income, Franklin Square, NY

Property SizeContact for details
Lot Size0.22 Acres
Days on Market6

Property Features for 1024 First Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 4, Basement, Bedroom 6, Bedroom 2, Bathroom 1, Dining Room, Bedroom 7, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2
Parking 6
Parking features Driveway, Carport, Garage
Interior features First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, Formal Dining
Basement Finished, Full
Lot features Back Yard
Elementary school Polk Street School
Middle school H Frank Carey High School
High school H Frank Carey High School
Elementary school district Franklin Square
Middle school district Franklin Square
High school district Franklin Square
Standard status Active
APN 2089-35-162-00-0026-0
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 13596

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1929
Number of units 3
Flooring type Hardwood
Building materials Frame
Listing Agency: Compass Greater NY LLC
Listed By: Michael Matrisciano PSA · License #10301217456
Added: Aug 24 Changed: Aug 29 Last Checked: Aug 29 at 10:06PM
MLS# 1039043

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 at 1024 First Avenue in Franklin Square provides over 3,000 square feet of living space on a 9,590-square-foot lot. The first and second floors follow similar layouts, with three bedrooms, one full bath, a living room, formal dining room, eat-in kitchen, gas cooking, and hardwood flooring on each level.

A finished lower level with its own exterior entrance adds multiple bonus rooms and dedicated common areas. The property includes two laundry sets, two gas heating systems, and three electric panels. Exterior improvements include an expansive yard, shed, driveway, carport, and a 1.5-car garage. Built in 1929, the home is served by public water and public sewer.

Key Highlights

  • Over 3,000 Sq/Ft of living space
  • 9,590 Sq Ft lot measuring 0.2202 acres
  • Two‑family layout with 3 bedrooms and 1 full bath on each of the first and second floors

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Acupuncture Bar & Pub Hotel & Motel HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

914
Businesses Nearby

Demographics for 11010, NY

25,013
Population
8,577
Households
2.9
Avg Household Size
44
Median Age
40%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
10,422
Density / Sq Mi
$140,686
Median Household Income
$58,584
Median Earnings
$2,096
Median Rent
$647,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family home with separate heating systems, laundry areas, and substantial outdoor storage.
Where is this duplex located?
The property is located at 1024 First Avenue Franklin Square, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Over 3,000 Sq/Ft of living space; 9,590 Sq Ft lot measuring 0.2202 acres; Two‑family layout with 3 bedrooms and 1 full bath on each of the first and second floors
More about this property
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