Waterfront Duplex with Boat
For Sale
$749,000
756 Hickory Street, Lindenhurst, NY 11757
Legal two-family ranch with separate utilities, driveways, and canal access.
Property Size1,200 SF
Price / SF$624.17
Days on Market1428
Property Features for 756 Hickory Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$12,641
Amenities
Crawl Space, None
Hardwood
1st Floor Bedrm, A/C Units, Back Yard, Canal Access, Ceiling Fan, Den/Family Room, Dishwasher, Double Pane Windows, Dryer, ENERGY STAR Qualified Windows, Eat in Kitchen, Energy Star Appliance(s), Fenced, Hardwood Floors As Seen, Mailbox, Near Public Transportation, Other, Partial, Patio, Porch, Private Entrance, Public, Ranch, Screens
Dishwasher, Dryer, Oven, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Stove, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Tankless Water Heater
A/C Units,Ceiling Fan,Dishwasher,Dryer,Energy Star Appliance(s),Mailbox,Screens
1200
8
No Common Walls
ENERGY STAR Qualified Doors,Insulated Doors
Yes
Double Pane Windows, ENERGY STAR Qualified Windows
1st Fl Master Bedroom, First Floor Bedroom, Den/Family Room, Eat-in Kitchen
Square Feet
Near Public Transportation, Exposure East, Privacy, Fenced, Fenced Yard, Hardwood Floors As Seen, 1st Fl Master Bedroom, Library Den, Eat in Kitchen, Patio, Porch, Double Paned Windows, Energy Star Windows
Back Yard, Fenced, Partial
East
Private Entrance
Canal Access
No
Frame
Patio, Porch
Private Entrance, Patio, Porch, Private, Driveway, Back Yard, Fenced, Partial, Double Pane Windows, ENERGY STAR Qualified Windows, Near Public Transportation, Level, Near Public Transit
Building Details
Year Built
1942
Listing Agency:
Compass
Listed By:
David Sanders · License #40SA1094265
(631) 335-1914
Source:
Compass
Added: Nov 17, 2022
Changed: Oct 13
Last Checked: Oct 15 at 1:41AM
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 Compass
Investment Insights
Based on property information with market context.
This legal two-family ranch contains 1,200 square feet, with each residence arranged around two bedrooms, an eat-in kitchen, a living room, and a full bathroom. The units have 10-foot ceilings, large accessible attics, separate electric services and meters, individual driveways, private entrances, and Navien gas burners. Hardwood flooring, ENERGY STAR appliances and windows, air-conditioning units, patios, porches, and fenced outdoor areas are also included.
The property fronts a wide canal with deep-water access and includes a new Navy Sure Guard bulkhead with a 40-foot cut-in boat slip. A separate 50-foot by 113-foot lot is part of the offering. The setting provides canal access near town, with the Great South Bay, Fire Island, and beaches a short ride away. An elevation certificate is included.
The property fronts a wide canal with deep-water access and includes a new Navy Sure Guard bulkhead with a 40-foot cut-in boat slip. A separate 50-foot by 113-foot lot is part of the offering. The setting provides canal access near town, with the Great South Bay, Fire Island, and beaches a short ride away. An elevation certificate is included.
Key Highlights
- Legal two‑family ranch totaling 1,200 SF
- Each unit includes 2 bedrooms, an eat‑in kitchen, a living room, and a full bath
- Separate electric services, meters, driveways, and private entrances for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,172
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,440
$463.4K
Cap Rate 7%
$331,029
$331.0K
Cap Rate 9%
$257,467
$257.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$35.3K $29.40/SF
− Vacancy
−$2.2K −$1.81/SF
EGI
$33.1K $27.59/SF
− OpEx
−$9.9K −$8.28/SF
NOI
$23.2K $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%
$463,440
Cap Rate 7%
$331,029
Cap Rate 9%
$257,467
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,327 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$365.6K
$319.9K – $426.5K
NOI $25,590 @ 7.0% cap · market cap 3.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
Explore this area
Business Placement
Demographics for 11757, NY
45,157
Population
15,212
Households
3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.8 sq mi
ZIP Area
6,641
Density / Sq Mi
$128,081
Median Household Income
$56,059
Median Earnings
$2,091
Median Rent
$479,500
Median Home Value
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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 - Legal two-family ranch with separate utilities, driveways, and canal access.
Where is this duplex located?
The property is located at 756 Hickory Street Lindenhurst, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Legal two‑family ranch totaling 1,200 SF; Each unit includes 2 bedrooms, an eat‑in kitchen, a living room, and a full bath; Separate electric services, meters, driveways, and private entrances for both units
