Two-Unit Colonial
New
For Sale
$869,000
103 E Saint Marks Place, Valley Stream, NY 11580
Separate kitchens and living rooms serve the upper apartment, while the first floor has a three-bedroom layout.
Property Size1,878 SF
Price / SF$462.73
Days on Market2
Property Features for 103 E Saint Marks Place
General Information
Standard status
Active
Size
1,878 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Central Valley Stream
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,205
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Pantry
Storage
Walk Through Kitchen
Washer/Dryer Hookup
Building Details
Building Size
1,878 SF
Year Built
1925
Buildings
1
Units
2
Construction
brick Colonial
Listing Agency:
Real Broker NY LLC
Listed By:
Melissa Tovar
(917) 419-8282
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 3:26PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 1,878-square-foot, two-family Colonial was built in 1925. The first-floor residence has three bedrooms, one bathroom, a living room, dining room, and eat-in walk-through kitchen, with hardwood floors. Upstairs, a one-bedroom apartment includes a full bathroom, kitchen, living room, and access to an attic bonus room. The finished basement has a side entrance, bathroom, finished area, and washer and dryer hookups.
A long private driveway provides parking for multiple vehicles, with a detached garage also on site. The paved backyard offers outdoor space. The property is near the Long Island Rail Road, major roadways, schools, shopping, parks, and Valley Stream State Park. The home is being sold as is.
A long private driveway provides parking for multiple vehicles, with a detached garage also on site. The paved backyard offers outdoor space. The property is near the Long Island Rail Road, major roadways, schools, shopping, parks, and Valley Stream State Park. The home is being sold as is.
Key Highlights
- Two‑family Colonial built in 1925
- 1,878 square feet
- First‑floor unit has 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,778
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,560
$715.6K
Cap Rate 7%
$511,114
$511.1K
Cap Rate 9%
$397,533
$397.5K
Market Conditions
NOI Build-Up for 1,878 SF
Gross rent
$54.1K $28.80/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$51.1K $27.22/SF
− OpEx
−$15.3K −$8.16/SF
NOI
$35.8K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,560
Cap Rate 7%
$511,114
Cap Rate 9%
$397,533
Alternative Uses
Best Use
Multifamily LT 5
$511.1K
$447.2K – $596.3K
NOI $35,778 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$478.6K
$418.7K – $558.3K
NOI $33,499 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,919 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and living rooms serve the upper apartment, while the first floor has a three-bedroom layout.
Where is this duplex located?
The property is located at 103 E Saint Marks Place Valley Stream, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two‑family Colonial built in 1925; 1,878 square feet; First‑floor unit has 3 bedrooms and 1 bathroom
