Two-Unit Duplex with
New
For Sale
$1,200,000
254 Hempstead Avenue, Rockville Centre, NY 11570
Separate living spaces include a first-floor residence and an upper apartment with its own entrance.
Property Size3,763 SF
Price / SF$318.89
Days on Market4
Property Features for 254 Hempstead Avenue
General Information
Standard status
Active
Size
3,763 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,915
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
3,763 SF
Year Built
1909
Units
2
Listing Agency:
Century 21 Sherlock Homes
Listed By:
Lia Miele
(516) 382-7037
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:06AM
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 Century 21 Sherlock Homes
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Investment Insights
Based on property information with market context.
Built in 1909, this 3,763-square-foot duplex has two separate residences. The first-floor unit includes a sunroom, living and dining rooms, an eat-in kitchen, one bedroom, a full bath, and a laundry room. A finished basement has both interior and exterior access. The upper apartment has a private entrance, two bedrooms on its main floor, an eat-in kitchen, living and dining rooms, and a full bath; two more finished bedrooms occupy the third floor.
The property also includes a private driveway and a garage with a loft. It is within the Incorporated Village of Rockville Centre and the Rockville Centre school district.
The property also includes a private driveway and a garage with a loft. It is within the Incorporated Village of Rockville Centre and the Rockville Centre school district.
Key Highlights
- Two separate residences in a 3,763‑square‑foot duplex
- First‑floor residence includes one bedroom and a finished basement with interior and exterior access
- Upper apartment has a private entrance, two main‑floor bedrooms, and two additional finished third‑floor bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,690
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,433,800
$1.4M
Cap Rate 7%
$1,024,143
$1.0M
Cap Rate 9%
$796,556
$796.6K
Market Conditions
NOI Build-Up for 3,763 SF
Gross rent
$108.4K $28.80/SF
− Vacancy
−$6.0K −$1.58/SF
EGI
$102.4K $27.22/SF
− OpEx
−$30.7K −$8.16/SF
NOI
$71.7K $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 Rate 5%
$1,433,800
Cap Rate 7%
$1,024,143
Cap Rate 9%
$796,556
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$896.1K – $1.19M
NOI $71,690 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$958.9K
$839.0K – $1.12M
NOI $67,122 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,161 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces include a first-floor residence and an upper apartment with its own entrance.
Where is this duplex located?
The property is located at 254 Hempstead Avenue Rockville Centre, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two separate residences in a 3,763‑square‑foot duplex; First‑floor residence includes one bedroom and a finished basement with interior and exterior access; Upper apartment has a private entrance, two main‑floor bedrooms, and two additional finished third‑floor bedrooms
