Renovated Duplex with Private
For Sale
$1,050,000
236 Maple Place, Mineola, NY 11501
Updated duplex with open living areas and outdoor space for gatherings.
Property Size1,557 SF
Days on Market178
Property Features for 236 Maple Place
General Information
Standard status
Active
Size
1,557 SF
Property subtype
Duplex
Amenities
private yard
Building Details
Building Size
1,557 SF
Year Built
1918
Listing Agency:
Cross Island Realty One Inc
Listed By:
Mohammad Yousuf
(718) 831-0100
Source:
Cottiemaxwellrealestate
Added: Mar 31
Changed: Sep 24
Last Checked: Sep 22 at 11:12PM
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 Cross Island Realty One Inc
Investment Insights
Based on property information with market context.
This duplex dates to 1918 and has undergone a custom renovation. The interior is arranged around open-concept living areas, creating connected spaces for daily use and entertaining. Attention to detail is carried throughout the updated home, while the private yard extends the usable setting outdoors.
The property is located on Maple Place in Mineola, New York. Its combination of renovated interiors, flexible living space, and private outdoor area provides a distinct residential configuration within the duplex category.
The property is located on Maple Place in Mineola, New York. Its combination of renovated interiors, flexible living space, and private outdoor area provides a distinct residential configuration within the duplex category.
Key Highlights
- Custom‑renovated duplex originally built in 1918
- Open‑concept interior layout
- Private yard for outdoor gatherings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,663
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,260
$593.3K
Cap Rate 7%
$423,757
$423.8K
Cap Rate 9%
$329,589
$329.6K
Market Conditions
NOI Build-Up for 1,557 SF
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.
Gross rent
$44.8K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.4K $27.22/SF
− OpEx
−$12.7K −$8.16/SF
NOI
$29.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,260
Cap Rate 7%
$423,757
Cap Rate 9%
$329,589
Alternative Uses
Best Use
Multifamily LT 5
$423.8K
$370.8K – $494.4K
NOI $29,663 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$396.8K
$347.2K – $462.9K
NOI $27,773 @ 7.0% cap · market cap 2.65%
Theoretical Best
Specialty Retail
$1.03M
$900.8K – $1.20M
NOI $72,062 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with open living areas and outdoor space for gatherings.
Where is this duplex located?
The property is located at 236 Maple Place Mineola, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Custom‑renovated duplex originally built in 1918; Open‑concept interior layout; Private yard for outdoor gatherings
