Spacious Coop in Garden
For Sale
$205,000
1205 E Broadway F-13, Hewlett, NY 11557
Two-bedroom coop with updated kitchen and private terrace.
Property Size950 SF
Days on Market266
Property Features for 1205 E Broadway F-13
General Information
Standard status
Active
Size
950 SF
Property subtype
Residential
Building Details
Building Size
950 SF
Year Built
1951
Listing Agency:
(516) 327-6203
Listed By:
William Hartmann · License #30HA0856907
(516) 327-6203
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 7
Last Checked: Aug 20 at 10:46AM
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 William Hartmann
Investment Insights
Based on property information with market context.
Located in Garden Town, this spacious two-bedroom coop is situated at the rear of a garden-style complex. This large corner unit features a bright living and dining room. The updated kitchen includes granite counters and stainless steel appliances. A private terrace is accessible from the kitchen. The unit includes a washer and dryer. The primary bedroom features a large built-in closet, and the second bedroom has a garden window. Parquet floors are present throughout the unit. The property is located in the heart of Hewlett, close to the LIRR and the shops and restaurants on Broadway.
Key Highlights
- Spacious 2 bedroom corner unit in a garden‑style complex.
- Updated kitchen with granite counters and stainless steel appliances.
- In‑unit washer & dryer.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,920
$338.9K
Cap Rate 7%
$242,086
$242.1K
Cap Rate 9%
$188,289
$188.3K
Market Conditions
NOI Build-Up for 950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.3K $33.96/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$30.8K $32.43/SF
− OpEx
−$13.9K −$14.59/SF
NOI
$16.9K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$338,920
Cap Rate 7%
$242,086
Cap Rate 9%
$188,289
Alternative Uses
Best Use
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$628.1K
$549.6K – $732.8K
NOI $43,968 @ 7.0% cap · market cap 21.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 11557, NY
8,659
Population
2,792
Households
3.1
Avg Household Size
43
Median Age
65%
College-Educated
92%
High-School Grad
2.0 sq mi
ZIP Area
4,330
Density / Sq Mi
$170,048
Median Household Income
$75,469
Median Earnings
$2,287
Median Rent
$708,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom coop with updated kitchen and private terrace.
Where is this apartment building located?
The property is located at 1205 E Broadway F-13 Hewlett, NY.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Spacious 2 bedroom corner unit in a garden‑style complex.; Updated kitchen with granite counters and stainless steel appliances.; In‑unit washer & dryer.
