Hewlett Coop Apartment For
For Sale
$165,000
Pending
1337 Broadway D20, Hewlett, NY 11557
One bedroom coop apartment in the heart of Hewlett, NY.
Property Size600 SF
Days on Market267
Property Features for 1337 Broadway D20
General Information
Standard status
Pending
Size
600 SF
Property subtype
Residential
Building Details
Building Size
600 SF
Year Built
1960
Listing Agency:
Douglas Elliman Real Estate
(516) 623-2776
Listed By:
Ronnie Gerber · License #40GE1035696
(516) 623-2776
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 9
Last Checked: Aug 21 at 7:26AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath coop apartment is located in the Hewlett House, situated in the heart of Hewlett, New York. The property is conveniently located near shops, the Long Island Rail Road (LIRR), transportation options, schools, and houses of worship. The unit features a kitchen with a breakfast bar that opens into a comfortable, skylit living room. Windows and the roof are new. A washer and dryer are located just outside the apartment door and shared by three apartments. Residents can relax and enjoy the outdoors on the community terrace. The maintenance fee includes taxes, a garage parking spot, water, and a private storage area. The property is located within the Hewlett Woodmere School District #14.
Key Highlights
- Affordable opportunity in the heart of Hewlett.
- Includes garage parking spot, taxes, water, and private storage in the maintenance fee.
- Convenient location near shops, LIRR, transportation, schools, and houses of worship.
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
$10,702
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
6.49%
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%
$214,040
$214.0K
Cap Rate 7%
$152,886
$152.9K
Cap Rate 9%
$118,911
$118.9K
Market Conditions
NOI Build-Up for 600 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
$20.4K $33.96/SF
− Vacancy
−$917 −$1.53/SF
EGI
$19.5K $32.43/SF
− OpEx
−$8.8K −$14.59/SF
NOI
$10.7K $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%
$214,040
Cap Rate 7%
$152,886
Cap Rate 9%
$118,911
Alternative Uses
Best Use
Apartment 5plus
$152.9K
$133.8K – $178.4K
NOI $10,702 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$396.7K
$347.1K – $462.8K
NOI $27,770 @ 7.0% cap · market cap 16.83%
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 - One bedroom coop apartment in the heart of Hewlett, NY.
Where is this apartment building located?
The property is located at 1337 Broadway D20 Hewlett, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Affordable opportunity in the heart of Hewlett.; Includes garage parking spot, taxes, water, and private storage in the maintenance fee.; Convenient location near shops, LIRR, transportation, schools, and houses of worship.
