Two-Unit Duplex with Historic
New
For Sale
$1,249,000
1220 Youngs Avenue, Southold, NY 11971
Hamlet Business zoning, a functional barn, and a deeded path to Founders Landing Bay Beach and Park complement the two apartments.
Property Size2,000 SF
Price / SF$624.50
Days on Market3
Property Features for 1220 Youngs Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Zoning
HB
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,449
Amenities
Eat-in Kitchen
Natural Woodwork
Primary Bathroom
Walk-In Closet(s)
Courtyard
Mailbox
Building Details
Building Size
2,000 SF
Year Built
1920
Units
2
Listing Agency:
Beninati Associates
Listed By:
Lee Beninati CBR
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:47PM
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 Beninati Associates
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Investment Insights
Based on property information with market context.
This legal two-family residence contains two apartments, each with two bedrooms, wood floors, an updated eat-in kitchen, a living room, and a bathroom. Window air-conditioners serve the units. The 2,000-square-foot property also includes a two-story barn of approximately 1,100 square feet, about 100 years old, with electricity and running water. An irrigated planting field sits behind the barn, while mature trees and lawn occupy the grounds.
Hamlet Business zoning applies to the property. Local restaurants, grocery stores, banks, the post office, town hall, and other shops are within walking distance. Deeded access leads to Founders Landing Bay Beach and Park. Southold's Long Island Rail Road station and a Hampton Jitney stop are a few steps away.
Hamlet Business zoning applies to the property. Local restaurants, grocery stores, banks, the post office, town hall, and other shops are within walking distance. Deeded access leads to Founders Landing Bay Beach and Park. Southold's Long Island Rail Road station and a Hampton Jitney stop are a few steps away.
Key Highlights
- Legal two‑family property with two two‑bedroom apartments
- Each apartment has wood floors, an updated eat‑in kitchen, living room, and bathroom
- Two‑story barn of approximately 1,100 square feet, about 100 years old, with electricity and running water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,620
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,400
$772.4K
Cap Rate 7%
$551,714
$551.7K
Cap Rate 9%
$429,111
$429.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$58.8K $29.40/SF
− Vacancy
−$3.6K −$1.81/SF
EGI
$55.2K $27.59/SF
− OpEx
−$16.6K −$8.28/SF
NOI
$38.6K $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%
$772,400
Cap Rate 7%
$551,714
Cap Rate 9%
$429,111
Alternative Uses
Best Use
Multifamily LT 5
$551.7K
$482.8K – $643.7K
NOI $38,620 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$507.8K
$444.3K – $592.4K
NOI $35,545 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$609.3K
$533.1K – $710.8K
NOI $42,650 @ 7.0% cap · market cap 3.41%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 11971, NY
6,105
Population
3,963
Households
1.5
Avg Household Size
54
Median Age
53%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
555
Density / Sq Mi
$124,097
Median Household Income
$71,143
Median Earnings
$2,240
Median Rent
$762,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Hamlet Business zoning, a functional barn, and a deeded path to Founders Landing Bay Beach and Park complement the two apartments.
Where is this duplex located?
The property is located at 1220 Youngs Avenue Southold, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Legal two‑family property with two two‑bedroom apartments; Each apartment has wood floors, an updated eat‑in kitchen, living room, and bathroom; Two‑story barn of approximately 1,100 square feet, about 100 years old, with electricity and running water
