Renovated Two-Family
For Sale
$999,000
17 President Street, Lynbrook, NY 11563
A legal two-family residence offers a renovated configuration near the LIRR, shopping, and restaurants.
Property Size1,955 SF
Price / SF$510
Days on Market19
Property Features for 17 President Street
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,921
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,955 SF
Year Built
1956
Units
2
Listing Agency:
Badlia Realty Group Inc
(516) 244-2092
Listed By:
Jagmeet Singh
(347) 741-9952
Source:
Clairedleone
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 5:03PM
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 Badlia Realty Group Inc
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Investment Insights
Based on property information with market context.
This 1,955-square-foot duplex is a legal two-family home that was renovated and was built in 1956. Its two-family configuration provides two residential units within one property.
The home is within walking distance of the LIRR and near shopping, restaurants, and transportation in Lynbrook Village.
The home is within walking distance of the LIRR and near shopping, restaurants, and transportation in Lynbrook Village.
Key Highlights
- Legal two‑family home
- 1,955 square feet
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,245
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,900
$744.9K
Cap Rate 7%
$532,071
$532.1K
Cap Rate 9%
$413,833
$413.8K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$56.3K $28.80/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$53.2K $27.22/SF
− OpEx
−$16.0K −$8.16/SF
NOI
$37.2K $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%
$744,900
Cap Rate 7%
$532,071
Cap Rate 9%
$413,833
Alternative Uses
Best Use
Multifamily LT 5
$532.1K
$465.6K – $620.8K
NOI $37,245 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$498.2K
$435.9K – $581.2K
NOI $34,872 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,482 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-family residence offers a renovated configuration near the LIRR, shopping, and restaurants.
Where is this duplex located?
The property is located at 17 President Street Lynbrook, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal two‑family home; 1,955 square feet; Built in 1956
