5-Unit Apartment
2 Holland Ave, Elmont, NY 11003
For Sale
$1,600,000
All five residences are occupied.
Property Size3,689 SF
Lot Size0.09 Acres
Price / SF$433.72
Days on Market29
Property Features for 2 Holland Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Public Transit
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Amenities
Well-Maintained, Turnkey Multifamily Asset — Attractive 5-unit walk-up built in 1922, comprising 3,689 SF across two stories on a 0.09-acre lot.
Robust Demographics and Best-in-Class Schools — 367,000 residents within three miles, supported by an average household income of $143,000 within three miles — well above the national average.
Area demand drivers include the Belmont Park (the prestigious 3rd leg of the Triple Crown), UBS Arena (Home of NY Islanders), Belmont Park Village, and the Elmont-UBS Arena LIRR Station.
Building Details
Units
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Mike Tuccillo · License #License(s): NY: 10301217094, NY: 10491208938
(212) 430-5196
Source:
Marcusmillichap
Added: Oct 11
Changed: Nov 6
Last Checked: Nov 6 at 3:32PM
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 Marcus & Millichap - Manhattan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property contains approximately 3,689 square feet of building area on a 0.09-acre parcel. Each unit is occupied, providing existing rental income.
The property is in Elmont, near the Elmont-UBS Arena LIRR station, which offers rail connections to Manhattan and other parts of Long Island. The Cross Island Parkway, Southern State Parkway, and Hempstead Turnpike are also nearby.
The property is in Elmont, near the Elmont-UBS Arena LIRR station, which offers rail connections to Manhattan and other parts of Long Island. The Cross Island Parkway, Southern State Parkway, and Hempstead Turnpike are also nearby.
Key Highlights
- Five apartment units, all currently occupied
- Approximately 3,689 square feet of building area
- Sited on a 0.09‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,803
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,060
$1.3M
Cap Rate 7%
$940,043
$940.0K
Cap Rate 9%
$731,144
$731.1K
Market Conditions
NOI Build-Up for 3,689 SF
Gross rent
$125.3K $33.96/SF
− Vacancy
−$5.6K −$1.53/SF
EGI
$119.6K $32.43/SF
− OpEx
−$53.8K −$14.59/SF
NOI
$65.8K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,060
Cap Rate 7%
$940,043
Cap Rate 9%
$731,144
Alternative Uses
Best Use
Apartment 5plus
$940.0K
$822.5K – $1.10M
NOI $65,803 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.85M
NOI $170,736 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 11003, NY
43,979
Population
12,641
Households
3.5
Avg Household Size
40
Median Age
33%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
10,727
Density / Sq Mi
$123,000
Median Household Income
$53,302
Median Earnings
$2,315
Median Rent
$576,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are occupied.
Where is this apartment building located?
The property is located at 2 Holland Ave Elmont, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five apartment units, all currently occupied; Approximately 3,689 square feet of building area; Sited on a 0.09‑acre lot
