Two-Unit Duplex with Private
For Sale
$899,000
1170 Park Street, East Atlantic Beach, NY 11561
Separate living areas include eat-in kitchens, with an interior connection allowing a single-family layout.
Property Size1,797 SF
Price / SF$500.28
Days on Market45
Property Features for 1170 Park Street
General Information
Standard status
Active
Size
1,797 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,804
Amenities
enclosed porch
eat-in kitchens
upstairs porch
side patio
private parking
private beach access
private locker
First Floor Bedroom
First Floor Full Bath
Built-in Features
Eat-in Kitchen
Entrance Foyer
Formal Dining
Original Details
Building Details
Building Size
1,797 SF
Year Built
1950
Buildings
1
Units
2
Listing Agency:
RE/MAX Beach West
(516) 889-7500
Listed By:
Laurie West · License #40WE0839576
(516) 815-8090
Source:
Halknopfrealty
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 31 at 5:31AM
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 RE/MAX Beach West
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Investment Insights
Based on property information with market context.
Built in 1950, this legal two-family duplex has an upstairs residence with three bedrooms and one bathroom, plus a downstairs residence with two bedrooms and one full bathroom. Both units have eat-in kitchens, and an interior passage connects the spaces. The property also includes an enclosed porch and a side patio, along with private parking on a corner lot.
The home is in the EAB community, one block from private beaches. A private locker is located at the beach entrance.
The home is in the EAB community, one block from private beaches. A private locker is located at the beach entrance.
Key Highlights
- Legal two‑family property with three bedrooms upstairs and two downstairs
- Each residence has an eat‑in kitchen; interior access connects the units
- Enclosed porch, side patio, and private parking on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,235
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,700
$684.7K
Cap Rate 7%
$489,071
$489.1K
Cap Rate 9%
$380,389
$380.4K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$51.8K $28.80/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$48.9K $27.22/SF
− OpEx
−$14.7K −$8.16/SF
NOI
$34.2K $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%
$684,700
Cap Rate 7%
$489,071
Cap Rate 9%
$380,389
Alternative Uses
Best Use
Multifamily LT 5
$489.1K
$427.9K – $570.6K
NOI $34,235 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$457.9K
$400.7K – $534.2K
NOI $32,054 @ 7.0% cap · market cap 3.57%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,170 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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Business Placement
Demographics for 11561, NY
39,132
Population
18,442
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
9,783
Density / Sq Mi
$132,903
Median Household Income
$72,221
Median Earnings
$2,462
Median Rent
$676,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas include eat-in kitchens, with an interior connection allowing a single-family layout.
Where is this duplex located?
The property is located at 1170 Park Street East Atlantic Beach, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family property with three bedrooms upstairs and two downstairs; Each residence has an eat‑in kitchen; interior access connects the units; Enclosed porch, side patio, and private parking on a corner lot
