Two-Family Brick
New
For Sale
$1,150,000
262-08 86th Avenue, Floral Park, NY 11001
An upper-floor residence and finished basement add distinct living and work areas to the home's main floor.
Property Size2,228 SF
Price / SF$516.16
Days on Market7
Property Features for 262-08 86th Avenue
General Information
Standard status
Active
Size
2,228 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,895
Amenities
sun room
playroom
home offices
laundry
swimming pool
custom decking
entertaining patio
large storage shed
private driveway
front porch
professionally landscaped
Building Details
Building Size
2,228 SF
Year Built
1945
Construction
brick
Listing Agency:
Signature Premier Properties
Listed By:
Seth B. Levy
(516) 546-6300
Source:
Luxuryhomeny
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 13 at 1:34AM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
This 2,228-square-foot brick duplex was built in 1945 and has five bedrooms and three bathrooms. The upper-floor unit includes a kitchen, full bathroom, bedroom and living room. The main residence features hardwood floors, a granite kitchen, sunroom and updated bathroom. Finished basement space includes two offices, a playroom and laundry area.
Outdoor amenities include a swimming pool, custom deck, patio and storage shed. The property also has a private driveway and front porch, with landscaped grounds. Train stations, public transportation, shopping, dining and parks are nearby.
Outdoor amenities include a swimming pool, custom deck, patio and storage shed. The property also has a private driveway and front porch, with landscaped grounds. Train stations, public transportation, shopping, dining and parks are nearby.
Key Highlights
- 2,228‑square‑foot brick duplex built in 1945
- Five bedrooms and three bathrooms
- Private upper‑floor unit with kitchen, living room, bedroom and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,446
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,920
$848.9K
Cap Rate 7%
$606,371
$606.4K
Cap Rate 9%
$471,622
$471.6K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$64.2K $28.80/SF
− Vacancy
−$3.5K −$1.58/SF
EGI
$60.6K $27.22/SF
− OpEx
−$18.2K −$8.16/SF
NOI
$42.4K $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%
$848,920
Cap Rate 7%
$606,371
Cap Rate 9%
$471,622
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.4K
NOI $42,446 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$567.7K
$496.8K – $662.4K
NOI $39,742 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,117 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - An upper-floor residence and finished basement add distinct living and work areas to the home's main floor.
Where is this duplex located?
The property is located at 262-08 86th Avenue Floral Park, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,228‑square‑foot brick duplex built in 1945; Five bedrooms and three bathrooms; Private upper‑floor unit with kitchen, living room, bedroom and full bathroom
