Duplex with Detached
For Sale
$849,000
139 N 11th Street, New Hyde Park, NY 11040
Legal two-family residence with separate living areas, a private yard, basement access, and finished loft space.
Property Size1,842 SF
Days on Market63
Property Features for 139 N 11th Street
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,784
Amenities
detached garage
private yard
Building Details
Building Size
1,842 SF
Year Built
1925
Listing Agency:
LAFFEY REAL ESTATE
Listed By:
Angela Chaman · License #40CH1030208
(888) 289-6902
Source:
Cottiemaxwellrealestate
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 15 at 7:05AM
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 LAFFEY REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1925, this legal duplex provides two distinct residential layouts within a single property. The first-floor residence includes a living room, formal dining room, eat-in kitchen, bedroom, den, and access to the full basement. The upper apartment offers a living room, eat-in kitchen, bedroom, full bath, and additional finished loft or attic area.
The property also includes a detached garage and private yard. Its New Hyde Park setting places the home near shopping, transportation, schools, and major roadways. Long-term occupancy is also identified as a property feature.
The property also includes a detached garage and private yard. Its New Hyde Park setting places the home near shopping, transportation, schools, and major roadways. Long-term occupancy is also identified as a property feature.
Key Highlights
- Legal two‑family duplex with two separate residential layouts
- First‑floor layout includes living room, formal dining room, eat‑in kitchen, bedroom, den, and full basement access
- Second‑floor apartment has living room, eat‑in kitchen, bedroom, full bath, and finished loft or attic space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,092
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,840
$701.8K
Cap Rate 7%
$501,314
$501.3K
Cap Rate 9%
$389,911
$389.9K
Market Conditions
NOI Build-Up for 1,842 SF
Gross rent
$53.0K $28.80/SF
− Vacancy
−$2.9K −$1.58/SF
EGI
$50.1K $27.22/SF
− OpEx
−$15.0K −$8.16/SF
NOI
$35.1K $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%
$701,840
Cap Rate 7%
$501,314
Cap Rate 9%
$389,911
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.7K – $584.9K
NOI $35,092 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$469.4K
$410.7K – $547.6K
NOI $32,857 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,252 @ 7.0% cap · market cap 10.04%
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
1,451
Businesses Nearby
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Business Placement
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate living areas, a private yard, basement access, and finished loft space.
Where is this duplex located?
The property is located at 139 N 11th Street New Hyde Park, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Legal two‑family duplex with two separate residential layouts; First‑floor layout includes living room, formal dining room, eat‑in kitchen, bedroom, den, and full basement access; Second‑floor apartment has living room, eat‑in kitchen, bedroom, full bath, and finished loft or attic space
