Two-Unit Duplex with
New
For Sale
$899,999
20 E Pine Street, Long Beach, NY 11561
Both residences have three bedrooms and in-place tenancies, with a separate basement entrance and rear deck adding useful space.
Property Size2,304 SF
Price / SF$390.62
Days on Market4
Property Features for 20 E Pine Street
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Gross Income
$64,800
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,981
Amenities
rear deck
Building Details
Building Size
2,304 SF
Year Built
1988
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Fave Realty Inc
Listed By:
Andrew Panton · License #10301223695
(516) 410-1877
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:19PM
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 Fave Realty Inc
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Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex, built in 1988, contains two residences, each with 3 bedrooms and 1.5 bathrooms. Both units are occupied: the first-floor lease runs through October 31, 2026, while the second-floor tenancy is month to month. The property includes a two-car garage and a basement with bonus space and a separate entrance. A rear deck adds outdoor space.
Roof, windows, boiler, and hot water heater updates were completed approximately 10–15 years ago. The property is in Long Beach, minutes from the beach, shopping, restaurants, parks, bars, and public transportation.
Roof, windows, boiler, and hot water heater updates were completed approximately 10–15 years ago. The property is in Long Beach, minutes from the beach, shopping, restaurants, parks, bars, and public transportation.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- 2,304 square feet; built in 1988
- First‑floor lease through October 31, 2026; second‑floor tenancy is month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,894
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,880
$877.9K
Cap Rate 7%
$627,057
$627.1K
Cap Rate 9%
$487,711
$487.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$66.4K $28.80/SF
− Vacancy
−$3.6K −$1.58/SF
EGI
$62.7K $27.22/SF
− OpEx
−$18.8K −$8.16/SF
NOI
$43.9K $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%
$877,880
Cap Rate 7%
$627,057
Cap Rate 9%
$487,711
Alternative Uses
Best Use
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,894 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$587.1K
$513.7K – $685.0K
NOI $41,098 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,635 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
Explore this area
Business Placement
Demographics for 11561, NY
39,132
Population
18,442
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
9,783
Density / Sq Mi
$132,903
Median Household Income
$72,221
Median Earnings
$2,462
Median Rent
$676,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and in-place tenancies, with a separate basement entrance and rear deck adding useful space.
Where is this duplex located?
The property is located at 20 E Pine Street Long Beach, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 bathrooms; 2,304 square feet; built in 1988; First‑floor lease through October 31, 2026; second‑floor tenancy is month to month
