Ranch-Style Duplex
For Sale
$850,000
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 Market48
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: Oct 17
Last Checked: Oct 19 at 2:11PM
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
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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 / Yr
$31,263
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
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
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 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 3.68%
Second Best
Apartment 5plus
$418.2K
$365.9K – $487.9K
NOI $29,271 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$1.09M
$949.4K – $1.27M
NOI $75,950 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 $850,000.
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
