Three-Unit Residential Income
For Sale
$995,000
112 Hillside Road, Deer Park, NY 11729
Three separate apartments offer one-, two-, and three-bedroom layouts for varied occupancy needs.
Property Size3,009 SF
Price / SF$330.67
Days on Market33
Property Features for 112 Hillside Road
General Information
Standard status
Active
Size
3,009 SF
Total Parking Spaces
8
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$22,450
Amenities
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Eat-in Kitchen
Entrance Foyer
Formal Dining
Open Floorplan
Open Kitchen
Primary Bathroom
Master Downstairs
Walk Through Kitchen
Building Details
Building Size
3,009 SF
Year Built
1985
Buildings
1
Units
3
Listing Agency:
Island Advantage Realty LLC
Listed By:
Linda A. Catalano
(631) 351-6000
Source:
Halknopfrealty
Added: Sep 28
Changed: Oct 26
Last Checked: Oct 26 at 4:01AM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1985, this 3,009-square-foot residential property contains three apartments: a first-floor unit with three bedrooms and two bathrooms, plus two second-floor units with two bedrooms and one bedroom, respectively. The first-floor apartment also has a formal dining room. Interior updates, newer boilers, and a newer roof are among the property’s improvements. A recently installed driveway accommodates approximately eight vehicles.
The property is being sold with the associated land identified as MLS 1054968. Both the home and land must be purchased together to maintain the rental permit.
The property is being sold with the associated land identified as MLS 1054968. Both the home and land must be purchased together to maintain the rental permit.
Key Highlights
- Three apartments: 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath
- 3,009 square feet; built in 1985
- First‑floor apartment includes a formal dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,104
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,080
$1.2M
Cap Rate 7%
$830,057
$830.1K
Cap Rate 9%
$645,600
$645.6K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$88.5K $29.40/SF
− Vacancy
−$5.5K −$1.81/SF
EGI
$83.0K $27.59/SF
− OpEx
−$24.9K −$8.28/SF
NOI
$58.1K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,080
Cap Rate 7%
$830,057
Cap Rate 9%
$645,600
Alternative Uses
Best Use
Multifamily LT 5
$830.1K
$726.3K – $968.4K
NOI $58,104 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.3K
NOI $53,477 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$916.7K
$802.1K – $1.07M
NOI $64,168 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
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Business Placement
Demographics for 11729, NY
28,569
Population
9,104
Households
3.1
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,608
Density / Sq Mi
$138,350
Median Household Income
$60,089
Median Earnings
$1,889
Median Rent
$496,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments offer one-, two-, and three-bedroom layouts for varied occupancy needs.
Where is this triplex located?
The property is located at 112 Hillside Road Deer Park, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three apartments: 3‑bedroom, 2‑bath; 2‑bedroom, 1‑bath; and 1‑bedroom, 1‑bath; 3,009 square feet; built in 1985; First‑floor apartment includes a formal dining room
