Ranch-Style Duplex
New
For Sale
$825,000
19 North Lane, Glen Cove, NY 11542
Seven-bedroom layout with a walk-out lower level and two-family lot designation, subject to applicable approvals.
Property Size1,641 SF
Lot Size0.21 Acres
Days on Market3
Property Features for 19 North Lane
General Information
Standard status
Active
Size
1,641 SF
Lot size
0.21 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,883
Building Details
Building Size
1,641 SF
Year Built
1965
Construction
ranch-style
Listing Agency:
Prime Realty
Listed By:
Aislyn M. Zhu · License #10401305922
(646) 243-2821
Source:
Cottiemaxwellrealestate
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 5:26PM
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 Prime Realty
Investment Insights
Based on property information with market context.
Located at 19 North Lane in Glen Cove, this ranch-style property offers a two-level configuration with seven bedrooms and three full bathrooms. The main level includes four bedrooms and two bathrooms, while the walk-out lower level adds three bedrooms, a full bathroom, and direct access to the backyard. The property sits on an approximately 9,000-square-foot lot and was built in 1965.
The existing arrangement supports a range of living configurations, including extended-family use or separate lower-level accommodations. The property carries a 2-family lot designation, with any conversion or reconfiguration subject to City of Glen Cove approvals and applicable zoning and building requirements. It is located near the Glen Cove Public Library, downtown shops, restaurants, services, and other community conveniences.
The existing arrangement supports a range of living configurations, including extended-family use or separate lower-level accommodations. The property carries a 2-family lot designation, with any conversion or reconfiguration subject to City of Glen Cove approvals and applicable zoning and building requirements. It is located near the Glen Cove Public Library, downtown shops, restaurants, services, and other community conveniences.
Key Highlights
- Seven‑bedroom, three‑bathroom configuration across the main and lower levels
- Walk‑out lower level provides direct backyard access
- Approximately 9,000‑square‑foot lot
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
$31,263
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
3.79%
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%
$625,260
$625.3K
Cap Rate 7%
$446,614
$446.6K
Cap Rate 9%
$347,367
$347.4K
Market Conditions
NOI Build-Up for 1,641 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
$47.3K $28.80/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$44.7K $27.22/SF
− OpEx
−$13.4K −$8.16/SF
NOI
$31.3K $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%
$625,260
Cap Rate 7%
$446,614
Cap Rate 9%
$347,367
Alternative Uses
Best Use
Multifamily LT 5
$446.6K
$390.8K – $521.1K
NOI $31,263 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$418.2K
$365.9K – $487.9K
NOI $29,271 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$1.09M
$949.4K – $1.27M
NOI $75,950 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 11542, NY
29,171
Population
11,374
Households
2.6
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
4,354
Density / Sq Mi
$92,284
Median Household Income
$52,855
Median Earnings
$2,350
Median Rent
$659,300
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 - Seven-bedroom layout with a walk-out lower level and two-family lot designation, subject to applicable approvals.
Where is this duplex located?
The property is located at 19 North Lane Glen Cove, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Seven‑bedroom, three‑bathroom configuration across the main and lower levels; Walk‑out lower level provides direct backyard access; Approximately 9,000‑square‑foot lot
