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Two-Family Duplex with Finished Lower Level
For Sale
$1,199,999
Pending

1024 First Avenue, Franklin Square, NY 11010

Residential Income, Franklin Square, NY

Property SizeContact for details
Lot Size0.22 Acres
Days on Market13

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 5, Bathroom 1, Bedroom 4, Bedroom 7, Basement, Dining Room, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 2
Parking 6
Parking features Carport, Garage, Driveway
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 Pending
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

Amenities

hardwood floors
gas cooking
laundry
garage
shed

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: Sep 4 Last Checked: Sep 5 at 5:06AM
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 residence provides over 3,000 square feet of living space across two similarly configured levels. Each floor includes three bedrooms, one full bathroom, a living room, formal dining room, eat-in kitchen with gas cooking, and hardwood flooring. The finished lower level expands the usable layout with several bonus rooms, common areas, a private exterior entrance, and two laundry setups.

The property occupies a 9,590-square-foot lot and includes a 1.5-car garage, carport, driveway, shed, and expansive yard. Two gas heating systems and three electric panels support the building, while public water and public sewer serve the property. Constructed in 1929 with frame construction, the residence also includes first-floor bedroom and full-bath access.

Key Highlights

  • Legal two‑family property with over 3,000 Sq Ft of living space
  • Two matching layouts, each with 3 bedrooms and 1 full bath
  • Finished lower level with private outside entrance and multiple bonus rooms

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
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-family property with matching three-bedroom layouts, hardwood floors, separate heating systems, and additional lower-level rooms.
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: Legal two‑family property with over 3,000 Sq Ft of living space; Two matching layouts, each with 3 bedrooms and 1 full bath; Finished lower level with private outside entrance and multiple bonus rooms
More about this property
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