Building Details

Building Size 3,776 SF

Year Built 1911

Listing Agency: Daniel Gale Sothebys Intl Rlty

Listed By: Tim Lau Show Phone

Source: Cottiemaxwellrealestate

Added: Jul 10 Changed: Oct 13 Last Checked: Oct 24 at 10:50PM

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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 Daniel Gale Sothebys Intl Rlty

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Investment Insights

Based on property information with market context.

This well-maintained three-family home has been updated over time and includes a newer roof, updated plumbing and electrical, stucco exterior, central air conditioning, and updated kitchens and bathrooms. The property is configured as a residential income asset with three separate units.

The home is located in the Herricks School District and includes an extra lot with a separate deed. This additional parcel may support future plans, subject to local approvals.

For buyers looking for an owner-occupant or investment opportunity, the combination of multiple units, modernized interior finishes, and a separately deeded lot provides flexibility for different ownership objectives.

Key Highlights

• Well‑maintained 3‑family home with a newer roof and updated plumbing and electrical
• Stucco exterior with a porch and driveway
• Central air conditioning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,937

Cap Rate

4.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,438,740 $1.4M

Cap Rate 7%

$1,027,671 $1.0M

Cap Rate 9%

$799,300 $799.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,776 SF

Gross rent

$108.7K $28.80/SF

− Vacancy

−$6.0K −$1.58/SF

EGI

$102.8K $27.22/SF

− OpEx

−$30.8K −$8.16/SF

NOI

$71.9K $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%

$1,438,740

Cap Rate 7%

$1,027,671

Cap Rate 9%

$799,300

Alternative Uses

Best Use

Multifamily LT 5

$1.03M

$899.2K – $1.20M (±1% cap)

NOI $71,937 @ 7.0% cap · market cap 4.12%

Second Best

Apartment 5plus

$962.2K

$841.9K – $1.12M (±1% cap)

NOI $67,354 @ 7.0% cap · market cap 3.85%

Theoretical Best

Specialty Retail

$2.50M

$2.18M – $2.91M (±1% cap)

NOI $174,763 @ 7.0% cap · market cap 10.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

871

Businesses Nearby

Explore this area Business Placement

Demographics for 11507, NY

7,449

Population

2,432

Households

3.1

Avg Household Size

45

Median Age

66%

College-Educated

94%

High-School Grad

1.1 sq mi

ZIP Area

6,772

Density / Sq Mi

$162,991

Median Household Income

$69,658

Median Earnings

$2,528

Median Rent

$799,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Well-maintained three-family home with a newer roof, updated systems, central air, and an extra separately deeded lot.

Where is this triplex located?

The property is located at 143 Searingtown Road Albertson, NY.

What is the asking price?

The asking price for this property is $1,748,000.

What are key features of this property?

This property features: Well‑maintained 3‑family home with a newer roof and updated plumbing and electrical; Stucco exterior with a porch and driveway; Central air conditioning