Two-Unit
For Sale
$849,000
118 Liberty Street, Deer Park, NY 11729
Separate electric meters and a full basement with exterior access serve the property's two households.
Property Size2,128 SF
Price / SF$398.97
Days on Market13
Property Features for 118 Liberty Street
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
three bedrooms, two bedrooms
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$14,463
Amenities
First Floor Bedroom
Washer/Dryer Hookup
Building Details
Building Size
2,128 SF
Year Built
1966
Buildings
1
Units
2
Listing Agency:
Howard Hanna Coach
(631) 587-1700
Listed By:
Mark T. Donnelly CIPS GRI E-PRO SF
(631) 872-7553
Source:
Croninreale
Added: Oct 18
Changed: Oct 27
Last Checked: Oct 26 at 3:54AM
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 Howard Hanna Coach
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Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex, built in 1966, contains two apartments with five bedrooms combined. The ground-floor residence has three bedrooms, a full bath, an updated kitchen, laundry inside the unit, garage access, and use of the backyard. Upstairs, the second apartment includes two bedrooms, a full bath, and additional living area.
The property has gas heat, two electric meters, and a full basement with an outside entrance. Shopping, highways, and the LIRR are noted in the surrounding area.
The property has gas heat, two electric meters, and a full basement with an outside entrance. Shopping, highways, and the LIRR are noted in the surrounding area.
Key Highlights
- Two apartments with five bedrooms total
- 2,128 square feet; built in 1966
- Ground‑floor unit has three bedrooms, an updated kitchen, in‑unit laundry, and garage access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,092
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,840
$821.8K
Cap Rate 7%
$587,029
$587.0K
Cap Rate 9%
$456,578
$456.6K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$62.6K $29.40/SF
− Vacancy
−$3.9K −$1.81/SF
EGI
$58.7K $27.59/SF
− OpEx
−$17.6K −$8.28/SF
NOI
$41.1K $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%
$821,840
Cap Rate 7%
$587,029
Cap Rate 9%
$456,578
Alternative Uses
Best Use
Multifamily LT 5
$587.0K
$513.7K – $684.9K
NOI $41,092 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$540.3K
$472.8K – $630.3K
NOI $37,820 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$648.3K
$567.3K – $756.3K
NOI $45,380 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
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
Check the figures for this property
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 electric meters and a full basement with exterior access serve the property's two households.
Where is this duplex located?
The property is located at 118 Liberty Street Deer Park, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two apartments with five bedrooms total; 2,128 square feet; built in 1966; Ground‑floor unit has three bedrooms, an updated kitchen, in‑unit laundry, and garage access
