Two-Unit Duplex with Private
For Sale
$1,930,000
20 Spruce Street, Great Neck, NY 11021
Residential Income, Great Neck, NY
Property Size3,130 SF
Lot Size0.22 Acres
Price / SF$616.61
Days on Market123
Property Features for 20 Spruce Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Basement, Bedroom 3, Dining Room, Bathroom 4, Bedroom 6, Bedroom 4
Parking
6
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Formal Dining, Marble Counters, Pantry, Quartz/Quartzite Counters, Washer/Dryer Hookup
Fireplace
1
Elementary school
E M Baker School
Middle school
Great Neck South Middle School
High school
Great Neck South High School
Elementary school district
Great Neck
Middle school district
Great Neck
High school district
Great Neck
Standard status
Active
APN
2253-02-260-00-0217-0
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
23843
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1922
Number of units
2
Building materials
Stucco
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Wenyan Mo
(917) 526-3002
Added: Jun 17
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 1014941
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1922, this legal two-family duplex contains 3,130 square feet of living space. Both residences have three bedrooms, two full bathrooms, a living room, formal dining room, full kitchen, and a separate entrance. The property also includes a full basement with an exterior entrance, a walk-up attic, a detached two-car garage, and a backyard.
The home is in the Great Neck South School District and one block from Thomaston Park. Residents also have access to Parkwood Pool and Ice Skating Rink, while the Great Neck LIRR station is minutes away. Public water and sewer serve the property.
The home is in the Great Neck South School District and one block from Thomaston Park. Residents also have access to Parkwood Pool and Ice Skating Rink, while the Great Neck LIRR station is minutes away. Public water and sewer serve the property.
Key Highlights
- Legal two‑family home with 3,130 sq. ft. of living space
- Each residence has 3 bedrooms, 2 full baths, a living room, formal dining room, and full kitchen
- 0.2152‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,630
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,600
$1.2M
Cap Rate 7%
$851,857
$851.9K
Cap Rate 9%
$662,556
$662.6K
Market Conditions
NOI Build-Up for 3,130 SF
Gross rent
$90.1K $28.80/SF
− Vacancy
−$5.0K −$1.58/SF
EGI
$85.2K $27.22/SF
− OpEx
−$25.6K −$8.16/SF
NOI
$59.6K $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%
$1,192,600
Cap Rate 7%
$851,857
Cap Rate 9%
$662,556
Alternative Uses
Best Use
Multifamily LT 5
$851.9K
$745.4K – $993.8K
NOI $59,630 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$797.6K
$697.9K – $930.5K
NOI $55,831 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,864 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 11021, NY
19,376
Population
8,705
Households
2.2
Avg Household Size
46
Median Age
65%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
8,073
Density / Sq Mi
$122,390
Median Household Income
$74,401
Median Earnings
$2,184
Median Rent
$734,200
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 - Each residence has three bedrooms, two full baths, and its own living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 20 Spruce Street Great Neck, NY.
What is the asking price?
The asking price for this property is $1,930,000.
What are key features of this property?
This property features: Legal two‑family home with 3,130 sq. ft. of living space; Each residence has 3 bedrooms, 2 full baths, a living room, formal dining room, and full kitchen; 0.2152‑acre lot
