Updated 3-Family Residential
143 Searingtown Road Albertson, NY 11507
143 Searingtown Road, Albertson, NY, 11507
$1,780,000
For Sale
$1,780,000
Well-maintained three-family home with a newer roof, updated systems, central air, and an extra separately deeded lot.
Property Size3,776 SF
Price / SF$471.40
Days on Market22
Property Features for 143 Searingtown Road
General Information
- Standard status
- Active
- Size
- 3,776 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1911
Listing agency
Daniel Gale Sothebys Intl Rlty
(516) 677-0030
Listed by
Tim Lau
(516) 677-0030
Source
Compass
Added: Jul 1 Updated: Jul 21 at 2:26AM Checked: Jul 21 at 6:42AM
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
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.
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.7k | $28.80 |
| − Vacancy | −$6.0k | −$1.58 |
| EGI | $102.8k | $27.22 |
| − OpEx | −$30.8k | −$8.16 |
| NOI | $71.9k | $19.05 |
3,776 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.2K – $1.20M
NOI $71,937 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$962.2K
$841.9K – $1.12M
NOI $67,354 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,763 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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 $1,780,000.
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
