Legal Two-Family
For Sale
$850,000
280 Van Cott Avenue, Farmingdale, NY 11735
Legal two-family duplex with two two-bedroom apartments, a full basement, and a private backyard.
Days on Market18
Property Features for 280 Van Cott Avenue
General Information
Standard status
Active
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Building Size
1,629 SF
Year Built
1958
Buildings
1
Listing Agency:
Douglas Elliman Real Estate
(516) 320-3345
Listed By:
Catherine Youn · License #10301215406
Source:
Cottiemaxwellrealestate
Added: Jul 15
Changed: Jul 31
Last Checked: Jul 31 at 11:38AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This legal two-family duplex offers two spacious two-bedroom apartments, supported by a full basement for additional storage and utility space. The property also includes a large, private backyard, providing outdoor space for tenants.
Located at 280 Van Cott Avenue in Farmingdale, NY, the home is just minutes from the Village’s downtown as well as the LIRR, shopping, dining, and major transportation.
Built in 1958, this configuration supports both tenant occupancy and rental income through two separate apartments within the same building.
Located at 280 Van Cott Avenue in Farmingdale, NY, the home is just minutes from the Village’s downtown as well as the LIRR, shopping, dining, and major transportation.
Built in 1958, this configuration supports both tenant occupancy and rental income through two separate apartments within the same building.
Key Highlights
- Legal two‑family duplex with two separate two‑bedroom apartments
- Full basement provides additional storage and utility space
- Large, private backyard
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 | $46.9k | $28.80 |
| − Vacancy | −$2.6k | −$1.58 |
| EGI | $44.3k | $27.22 |
| − OpEx | −$13.3k | −$8.16 |
| NOI | $31.0k | $19.05 |
1,629 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$443.3K
$387.9K – $517.2K
NOI $31,034 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$1.08M
$942.4K – $1.26M
NOI $75,394 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex with two two-bedroom apartments, a full basement, and a private backyard.
Where is this duplex located?
The property is located at 280 Van Cott Avenue Farmingdale, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Legal two‑family duplex with two separate two‑bedroom apartments; Full basement provides additional storage and utility space; Large, private backyard
