Duplex on Expansive
For Sale
$649,000
37-39 Funaro Court, Patchogue, NY 11772
Two-family property on a 0.41-acre parcel near village shopping, restaurants, and transportation.
Property Size1,750 SF
Lot Size0.41 Acres
Price / SF$370.86
Days on Market12
Property Features for 37-39 Funaro Court
General Information
Standard status
Active
Size
1,750 SF
Total Parking Spaces
7
Lot size
0.41 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,879
Amenities
Original Details
Other
Building Details
Building Size
1,750 SF
Year Built
1925
Units
3
Listing Agency:
Keller Williams Realty Elite
(516) 795-6900
Listed By:
Louis Reyes
(631) 525-8406
Source:
Croninreale
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 4:05AM
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 Keller Williams Realty Elite
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,750 square feet and was built in 1925. It sits on a 0.41-acre lot in Patchogue Village.
Downtown shopping and dining, along with transportation, are nearby. The property is located at 37-39 Funaro Court in Patchogue, New York.
Downtown shopping and dining, along with transportation, are nearby. The property is located at 37-39 Funaro Court in Patchogue, New York.
Key Highlights
- Two‑family duplex
- 1,750 square feet of building area
- 0.41‑acre lot in Patchogue Village
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,793
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,860
$675.9K
Cap Rate 7%
$482,757
$482.8K
Cap Rate 9%
$375,478
$375.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$51.5K $29.40/SF
− Vacancy
−$3.2K −$1.81/SF
EGI
$48.3K $27.59/SF
− OpEx
−$14.5K −$8.28/SF
NOI
$33.8K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,860
Cap Rate 7%
$482,757
Cap Rate 9%
$375,478
Alternative Uses
Best Use
Multifamily LT 5
$482.8K
$422.4K – $563.2K
NOI $33,793 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$444.3K
$388.8K – $518.4K
NOI $31,102 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,319 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 11772, NY
44,459
Population
18,478
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
16.1 sq mi
ZIP Area
2,761
Density / Sq Mi
$105,246
Median Household Income
$55,170
Median Earnings
$2,015
Median Rent
$450,600
Median Home Value
Check the figures for this property
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 - Two-family property on a 0.41-acre parcel near village shopping, restaurants, and transportation.
Where is this duplex located?
The property is located at 37-39 Funaro Court Patchogue, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑family duplex; 1,750 square feet of building area; 0.41‑acre lot in Patchogue Village
