Duplex with 6 Bedrooms and New
For Sale
$699,000
14 Vanata Court, Hempstead, NY 11550
Duplex home near Hempstead amenities, featuring a versatile layout and a new roof installed in 2025.
Property Size2,211 SF
Lot Size0.12 Acres
Price / SF$316.15
Days on Market61
Property Features for 14 Vanata Court
General Information
Standard status
Active
Size
2,211 SF
Lot size
0.12 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$18,155
Amenities
No, No, Driveway
Finished, Full, Yes
Carpet, Ceramic Tile
1st Floor Bedrm, Carpet, Ceramic Tile, Eat in Kitchen, First Floor Full Bath, Other, Public
Partial
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Other/See Remarks, 1st Fl Master Bedroom, Eat in Kitchen
No
Brick, Stucco, Vinyl Siding
Driveway, Back Yard, Cul-De-Sac, Front Yard, Landscaped, Near School, Paved
Building Details
Year Built
1963
Listing Agency:
Coldwell Banker American Homes
Listed By:
Diane Douglas
(516) 293-2323
Source:
Compass
Added: Jul 7
Changed: Aug 8
Last Checked: Jul 21 at 7:28AM
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 Coldwell Banker American Homes
Investment Insights
Based on property information with market context.
14 Vanata Court is a spacious duplex-style residential income property built in 1963, offering 6 bedrooms and 2.5 bathrooms with a versatile floorplan designed for flexible living arrangements. A new roof was installed in 2025, and the home sits on a 0.1225-acre lot with mature landscaping and attractive curb appeal.
Located in Hempstead, the property is described as convenient to shopping, dining, parks, transportation, healthcare facilities, and major educational institutions, including Hofstra University, Nassau Community College, and Molloy University.
With generous interior space and the ability to personalize updates over time, this home presents a practical option for buyers seeking additional room and long-term use on a residential income property.
Located in Hempstead, the property is described as convenient to shopping, dining, parks, transportation, healthcare facilities, and major educational institutions, including Hofstra University, Nassau Community College, and Molloy University.
With generous interior space and the ability to personalize updates over time, this home presents a practical option for buyers seeking additional room and long-term use on a residential income property.
Key Highlights
- 6‑bedroom, 2.5‑bath residence with a finished, full basement
- New roof installed in 2025
- First‑floor bedroom and first‑floor full bath for added flexibility
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
$42,122
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
6.03%
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%
$842,440
$842.4K
Cap Rate 7%
$601,743
$601.7K
Cap Rate 9%
$468,022
$468.0K
Market Conditions
NOI Build-Up for 2,211 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
$63.7K $28.80/SF
− Vacancy
−$3.5K −$1.58/SF
EGI
$60.2K $27.22/SF
− OpEx
−$18.1K −$8.16/SF
NOI
$42.1K $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 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%
$842,440
Cap Rate 7%
$601,743
Cap Rate 9%
$468,022
Alternative Uses
Best Use
Multifamily LT 5
$601.7K
$526.5K – $702.0K
NOI $42,122 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$563.4K
$493.0K – $657.3K
NOI $39,439 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,331 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 11550, NY
61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
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?
Duplex - Duplex home near Hempstead amenities, featuring a versatile layout and a new roof installed in 2025.
Where is this duplex located?
The property is located at 14 Vanata Court Hempstead, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6‑bedroom, 2.5‑bath residence with a finished, full basement; New roof installed in 2025; First‑floor bedroom and first‑floor full bath for added flexibility
