Two-Building Mixed-Use
For Sale
$1,575,000
1168-1170 Port Washington Boulevard Unit 11681170, Port Washington, NY 11050
The property pairs a two-family home with a separate, two-story commercial building.
Property Size6,912 SF
Price / SF$227.86
Days on Market80
Property Features for 1168-1170 Port Washington Boulevard Unit 11681170
General Information
Standard status
Active
Size
6,912 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$48,034
Amenities
No, No, Parking Lot
Other
Yes, Square Feet
Full, Unfinished, Yes
Other, Public
State Road
No
Parking Lot
Building Details
Year Built
1961
Buildings
2
Listing Agency:
Harding Real Estate Inc
Listed By:
Debra OBrien
(516) 944-3870
Source:
Compass
Added: Aug 17
Changed: Oct 27
Last Checked: Nov 3 at 8:44AM
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 Harding Real Estate Inc
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Investment Insights
Based on property information with market context.
A two-family home and a two-story commercial building make up this mixed-use property. The residence uses oil heat; the commercial building has gas heat, central air conditioning on the street level, and split HVAC systems in its second-floor offices. The property was built in 1961 and includes a parking lot.
Key Highlights
- Two‑family residence alongside a separate two‑story commercial building
- Commercial building has central air conditioning at street level and split HVAC systems in second‑floor offices
- Oil heat in the residence; gas heat in the commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,682
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,633,640
$2.6M
Cap Rate 7%
$1,881,171
$1.9M
Cap Rate 9%
$1,463,133
$1.5M
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$199.1K $28.80/SF
− Vacancy
−$10.9K −$1.58/SF
EGI
$188.1K $27.22/SF
− OpEx
−$56.4K −$8.16/SF
NOI
$131.7K $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%
$2,633,640
Cap Rate 7%
$1,881,171
Cap Rate 9%
$1,463,133
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.65M – $2.19M
NOI $131,682 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,293 @ 7.0% cap · market cap 7.83%
Theoretical Best
Specialty Retail
$4.57M
$4.00M – $5.33M
NOI $319,905 @ 7.0% cap · market cap 20.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 11050, NY
31,512
Population
12,329
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,120
Density / Sq Mi
$153,819
Median Household Income
$78,132
Median Earnings
$2,454
Median Rent
$990,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a two-family home with a separate, two-story commercial building.
Where is this mixed-use property located?
The property is located at 1168-1170 Port Washington Boulevard Unit 11681170 Port Washington, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two‑family residence alongside a separate two‑story commercial building; Commercial building has central air conditioning at street level and split HVAC systems in second‑floor offices; Oil heat in the residence; gas heat in the commercial building
