Legal Two-Family
For Sale
$790,000
2758 Central Avenue, Baldwin, NY 11510
Separate utilities and recent updates support practical management across two independent living spaces.
Property Size1,776 SF
Days on Market9
Property Features for 2758 Central Avenue
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,748
Building Details
Building Size
1,776 SF
Year Built
1922
Units
2
Listing Agency:
Voro LLC
(347) 723-6928
Listed By:
Prince Luthra
(347) 723-6928
Source:
Cohenandcohenrealty
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 6:17AM
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 Voro LLC
Investment Insights
Based on property information with market context.
This legal two-family duplex offers two separate residential units arranged across its levels. Each unit includes two bedrooms and one full bathroom, creating a consistent layout for both households. Recent updates have been completed, and separate utilities allow each residence to be managed independently.
Built in 1922, the property is located at 2758 Central Avenue in Baldwin, New York. Its two-unit configuration and distinct utility setup provide a straightforward residential income property format.
Built in 1922, the property is located at 2758 Central Avenue in Baldwin, New York. Its two-unit configuration and distinct utility setup provide a straightforward residential income property format.
Key Highlights
- Legal two‑family duplex with two separate residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate utilities for the individual units
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
$33,835
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
4.28%
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%
$676,700
$676.7K
Cap Rate 7%
$483,357
$483.4K
Cap Rate 9%
$375,944
$375.9K
Market Conditions
NOI Build-Up for 1,776 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
$51.1K $28.80/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$48.3K $27.22/SF
− OpEx
−$14.5K −$8.16/SF
NOI
$33.8K $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%
$676,700
Cap Rate 7%
$483,357
Cap Rate 9%
$375,944
Alternative Uses
Best Use
Multifamily LT 5
$483.4K
$422.9K – $563.9K
NOI $33,835 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$452.6K
$396.0K – $528.0K
NOI $31,679 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,198 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
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 - Separate utilities and recent updates support practical management across two independent living spaces.
Where is this duplex located?
The property is located at 2758 Central Avenue Baldwin, NY.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Legal two‑family duplex with two separate residential units; Each unit includes 2 bedrooms and 1 full bathroom; Separate utilities for the individual units
