Brick
245-16 Superior Road, Floral Park, NY 11001
For Sale
New
$830,000
Its legal two-family designation contrasts with a current layout arranged for one household.
Property Size1,470 SF
Lot Size0.07 Acres
Price / SF$564.63
Days on Market3
Property Features for 245-16 Superior Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Exit Realty United
Listed By:
Jean M. Colasacco CBR GRI
(516) 641-8922
Source:
Cottiemaxwellrealestate
Added: Nov 8
Last Checked: Nov 8 at 6:25PM
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 Exit Realty United
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Investment Insights
Based on property information with market context.
Built in 1927, this brick duplex contains 1,470 square feet of living area on a 3,000-square-foot lot. Although legally classified for two-family use, the home is presently arranged as a single-family residence. The property includes a backyard and is located in Floral Park, with public transit, schools, and shopping nearby.
Key Highlights
- Legally classified as a 2‑family home; currently arranged as a 1‑family residence
- 1,470 square feet of living space
- 3,000 sq. ft. lot with a backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,005
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,100
$560.1K
Cap Rate 7%
$400,071
$400.1K
Cap Rate 9%
$311,167
$311.2K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$42.3K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$40.0K $27.22/SF
− OpEx
−$12.0K −$8.16/SF
NOI
$28.0K $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%
$560,100
Cap Rate 7%
$400,071
Cap Rate 9%
$311,167
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$374.6K
$327.8K – $437.0K
NOI $26,221 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$971.9K
$850.4K – $1.13M
NOI $68,035 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
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Business Placement
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
Median Home Value
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Market
Properties on Market for Duplexes in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Its legal two-family designation contrasts with a current layout arranged for one household.
Where is this duplex located?
The property is located at 245-16 Superior Road Floral Park, NY.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Legally classified as a 2‑family home; currently arranged as a 1‑family residence; 1,470 square feet of living space; 3,000 sq. ft. lot with a backyard
