Two-Unit Duplex with
For Sale
$975,000
22 Locust Avenue, Glen Head, NY 11545
Legal two-family residence with separate entrances, updated kitchens and baths, and a fenced backyard.
Days on Market28
Property Features for 22 Locust Avenue
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Duplex
Amenities
fenced backyard
Building Details
Building Size
1,560 SF
Year Built
1905
Tenancy
Multi
Listing Agency:
Douglas Elliman Real Estate
(516) 314-3966
Listed By:
Julia Krispeal · License #10301223180
Source:
Cottiemaxwellrealestate
Added: Jul 6
Changed: Jul 31
Last Checked: Aug 1 at 11:03AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This legal two-family residence includes two spacious apartments, each with two bedrooms, one full bath, hardwood floors, comfortable living areas, updated kitchens and baths, and a separate entrance. Built in 1905, the property also features a fenced backyard and detached two-car garage.
The residence is located near local shops, dining, parks, and the Long Island Rail Road. Its two-apartment configuration and separate entrances support distinct living arrangements within a single property.
The residence is located near local shops, dining, parks, and the Long Island Rail Road. Its two-apartment configuration and separate entrances support distinct living arrangements within a single property.
Key Highlights
- Legal two‑family residence with two separate apartments
- Each apartment includes two bedrooms and one full bath
- Hardwood floors, updated kitchens and baths, and separate entrances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $28.80 |
| − Vacancy | −$2.5k | −$1.58 |
| EGI | $42.5k | $27.22 |
| − OpEx | −$12.7k | −$8.16 |
| NOI | $29.7k | $19.05 |
1,560 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$1.03M
$902.5K – $1.20M
NOI $72,201 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 11545, NY
12,008
Population
4,686
Households
2.6
Avg Household Size
46
Median Age
66%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
1,044
Density / Sq Mi
$164,583
Median Household Income
$77,976
Median Earnings
$2,220
Median Rent
$1,028,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate entrances, updated kitchens and baths, and a fenced backyard.
Where is this duplex located?
The property is located at 22 Locust Avenue Glen Head, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal two‑family residence with two separate apartments; Each apartment includes two bedrooms and one full bath; Hardwood floors, updated kitchens and baths, and separate entrances
