Two-Residence Duplex with Separate
For Sale
$1,595,000
213-215 North Street, Greenport, NY 11944
Both homes have independent utilities, including separate electric panels, meters, and propane tanks.
Property Size3,376 SF
Price / SF$472.45
Days on Market13
Property Features for 213-215 North Street
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,970
Amenities
Full,Unfinished,Walk-Out Access
Laminate
6
Yes
7
ENERGY STAR Qualified Windows,New Windows,Screens
First Floor Bedroom,Cathedral Ceiling(s),Ceiling Fan(s),Chandelier,Chefs Kitchen,Eat-in Kitchen,ENERGY STAR Qualified Door(s),Entrance Foyer,Granite Counters,High Ceilings,In-Law Floorplan
2
Full, Unfinished, Walk-Out Access
Gas,Living Room
First Floor Bedroom,Cathedral Ceiling(s),Ceiling Fan(s),Chandelier,Chefs Kitchen,Eat-in Kitchen,ENERGY STAR Qualified Door(s),Entrance Foyer,Granite Counters,High Ceilings,In-Law Floorplan,Kitchen Is
No
Back Yard,Fenced,Front Yard,Partial,Perimeter,Wood
Public
5
Driveway, On Street
Fire Pit,Gas Grill,Lighting,Mailbox,Rain Gutters
Concrete Perimeter
3376
Public Maintained Road
Building Details
Building Size
3,376 SF
Year Built
2019
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:43AM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
At 215 North Street, this 3,376-square-foot duplex contains two independent, two-story residences, each with a full basement. The front home has four bedrooms, 2.5 baths, a fireplace, and an 8-foot-ceiling basement. The rear home includes three bedrooms, 2.5 baths, a gas fireplace, and a walk-out basement. Separate electric panels, meters, and propane tanks serve the residences. Built in 2019, the property is offered furnished and also has a back deck, yard, and fire pit.
The property is within walking distance of Greenport Village’s center, the Greenport Free Library, and public transportation. Shops, marinas, and waterfront dining are also identified as nearby destinations.
The property is within walking distance of Greenport Village’s center, the Greenport Free Library, and public transportation. Shops, marinas, and waterfront dining are also identified as nearby destinations.
Key Highlights
- 3,376 square feet across two separate residences
- Front home: 4 bedrooms, 2.5 baths, fireplace, and basement with 8‑foot ceilings
- Rear home: 3 bedrooms, 2.5 baths, gas fireplace, and walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,191
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,820
$1.3M
Cap Rate 7%
$931,300
$931.3K
Cap Rate 9%
$724,344
$724.3K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$99.3K $29.40/SF
− Vacancy
−$6.1K −$1.81/SF
EGI
$93.1K $27.59/SF
− OpEx
−$27.9K −$8.28/SF
NOI
$65.2K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,820
Cap Rate 7%
$931,300
Cap Rate 9%
$724,344
Alternative Uses
Best Use
Multifamily LT 5
$931.3K
$814.9K – $1.09M
NOI $65,191 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$857.1K
$750.0K – $1.00M
NOI $60,000 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.03M
$899.9K – $1.20M
NOI $71,994 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
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Business Placement
Demographics for 11944, NY
4,801
Population
3,106
Households
1.5
Avg Household Size
48
Median Age
43%
College-Educated
86%
High-School Grad
4.1 sq mi
ZIP Area
1,171
Density / Sq Mi
$79,917
Median Household Income
$51,480
Median Earnings
$2,048
Median Rent
$822,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have independent utilities, including separate electric panels, meters, and propane tanks.
Where is this duplex located?
The property is located at 213-215 North Street Greenport, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 3,376 square feet across two separate residences; Front home: 4 bedrooms, 2.5 baths, fireplace, and basement with 8‑foot ceilings; Rear home: 3 bedrooms, 2.5 baths, gas fireplace, and walk‑out basement
