Dormered Colonial with Accessory
2439 2nd Street East Meadow, NY 11554
For Sale
$699,999
Charming dormered colonial includes an accessory apartment with permit, new flooring, and a deck overlooking the backyard.
Property Size1,739 SF
Price / SF$402.53
Days on Market11
Property Features for 2439 2nd Street
General Information
Standard status
Active
Size
1,739 SF
Property subtype
Duplex
Building Details
Year Built
1950
Listing Agency:
Realty Connect USA LLC
(516) 714-3606
Listed By:
Maria C. Ramirez
(516) 714-3606
Source:
Compass
Added: Jul 17
Changed: Jul 22
Last Checked: Jul 27 at 1:35PM
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 Realty Connect USA LLC
Investment Insights
Based on property information with market context.
This dormered colonial offers a flexible layout with four bedrooms and two full bathrooms, along with an accessory apartment that is included with a permit. Interior updates include new flooring, spacious living areas, and generous storage throughout, including a walk-in closet.
The home features a deck overlooking the backyard, plus a 1-car garage and an oversized driveway designed to provide ample parking. The property is being sold as-is.
The home features a deck overlooking the backyard, plus a 1-car garage and an oversized driveway designed to provide ample parking. The property is being sold as-is.
Key Highlights
- Dormered colonial built in 1950 with 4 bedrooms and 2 full bathrooms
- Accessory apartment included with permit
- First‑floor bedroom and first‑floor full bath
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 | $50.1k | $28.80 |
| − Vacancy | −$2.8k | −$1.58 |
| EGI | $47.3k | $27.22 |
| − OpEx | −$14.2k | −$8.16 |
| NOI | $33.1k | $19.05 |
1,739 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.3K
$414.1K – $552.2K
NOI $33,130 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$443.1K
$387.7K – $517.0K
NOI $31,019 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,485 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Charming dormered colonial includes an accessory apartment with permit, new flooring, and a deck overlooking the backyard.
Where is this duplex located?
The property is located at 2439 2nd Street East Meadow, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Dormered colonial built in 1950 with 4 bedrooms and 2 full bathrooms; Accessory apartment included with permit; First‑floor bedroom and first‑floor full bath
