Two-Unit Duplex with Separate
New
For Sale
$779,000
12 Beech Court, Glen Cove, NY 11542
Each residence has an independent entrance, heating system, and electric meter.
Property Size2,334 SF
Price / SF$333.76
Days on Market7
Property Features for 12 Beech Court
General Information
Standard status
Active
Size
2,334 SF
Total Parking Spaces
7
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$20,178
Amenities
full basement with laundry
large attic
fully fenced yard
Building Details
Building Size
2,334 SF
Year Built
1913
Buildings
1
Listing Agency:
Signature Premier Properties
Listed By:
Michael Furino · License #10401312921
(516) 459-6246
Source:
Luxuryhomeny
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 13 at 1:19AM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Built in 1913, this 2,334-square-foot duplex contains two residences, each with two bedrooms and one full bathroom. Separate entrances, heating systems, and electric meters serve the units. Shared space includes a full basement with laundry and storage, while the upper apartment also has attic storage. A fenced yard and driveway with room for seven vehicles complete the property.
The Glen Cove property is near schools, restaurants, retail, golf, and public transportation. Its two-unit configuration and separate utility metering are supported by distinct entrances and heating systems.
The Glen Cove property is near schools, restaurants, retail, golf, and public transportation. Its two-unit configuration and separate utility metering are supported by distinct entrances and heating systems.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 2,334 square feet; built in 1913
- Separate entrances, heating systems, and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,466
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,320
$889.3K
Cap Rate 7%
$635,229
$635.2K
Cap Rate 9%
$494,067
$494.1K
Market Conditions
NOI Build-Up for 2,334 SF
Gross rent
$67.2K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.5K $27.22/SF
− OpEx
−$19.1K −$8.16/SF
NOI
$44.5K $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%
$889,320
Cap Rate 7%
$635,229
Cap Rate 9%
$494,067
Alternative Uses
Best Use
Multifamily LT 5
$635.2K
$555.8K – $741.1K
NOI $44,466 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$594.8K
$520.4K – $693.9K
NOI $41,633 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.80M
NOI $108,023 @ 7.0% cap · market cap 13.87%
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
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 11542, NY
29,171
Population
11,374
Households
2.6
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
4,354
Density / Sq Mi
$92,284
Median Household Income
$52,855
Median Earnings
$2,350
Median Rent
$659,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an independent entrance, heating system, and electric meter.
Where is this duplex located?
The property is located at 12 Beech Court Glen Cove, NY.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 2,334 square feet; built in 1913; Separate entrances, heating systems, and electric meters
