Two-Unit Duplex with Detached
For Sale
$1,930,000
20 Spruce Street, Great Neck, NY 11021
Separate entrances and full living accommodations create two distinct residences within one property.
Property Size3,130 SF
Lot Size0.22 Acres
Price / SF$616.61
Days on Market125
Property Features for 20 Spruce Street
General Information
Standard status
Active
Size
3,130 SF
Total Parking Spaces
2
Lot size
0.22 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$23,843
Building Details
Building Size
3,130 SF
Year Built
1922
Buildings
1
Listing Agency:
E Realty International Corp
Listed By:
Wenyan Mo
(917) 526-3002
Source:
Cottiemaxwellrealestate
Added: Jun 17
Changed: Oct 19
Last Checked: Oct 19 at 2:07PM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
Built in 1922, this duplex contains 3,130 square feet of living space across two residences. Each unit has three bedrooms, two full bathrooms, a living room, formal dining room, and full kitchen, with its own entrance. A full basement with exterior access and a walk-up attic add further space. The property also includes a detached two-car garage and sits on a 9,375-square-foot lot.
The home is in the Great Neck South School District, one block from Thomaston Park, and near shopping, restaurants, and public transportation. The Great Neck LIRR station is minutes away. Residents also have access to Parkwood Pool and Ice Skating Rink.
The home is in the Great Neck South School District, one block from Thomaston Park, and near shopping, restaurants, and public transportation. The Great Neck LIRR station is minutes away. Residents also have access to Parkwood Pool and Ice Skating Rink.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full baths
- 3,130 sq. ft. of living space on a 9,375 sq. ft. property
- Separate entrance for each unit
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.
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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 - Separate entrances and full living accommodations create two distinct residences within one property.
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: Two residences, each with 3 bedrooms and 2 full baths; 3,130 sq. ft. of living space on a 9,375 sq. ft. property; Separate entrance for each unit
