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    Updated Two-Family House For Sale Title is generated by Realmo AI

    39 Old Stewart Avenue, New Hyde Park, NY 11040

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    Claim this Listing
    For Sale
    $1,499,999

    Updated two-family house near shopping, transport, and highways.

    Type:Multi Family
    Property size:
    5,000 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $299/SF
    Added:
    Mar 23, 2026
    Days on Market:
    106
    Last Refresh:
    Apr 5 at 11:02 pm

    Property Features for 39 Old Stewart Avenue

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.11 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1929

    We can help!

    Contact an agent
    Sobdar Chandio CBR

    Listing office Exit Realty Stars

    Listing date Mar 23, 2026

    Source Exitrealty

    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 Exit Realty Stars

    HighLights

    • Two‑family house, suitable for investment or multi‑generational living.
    • Large 5,000 sq ft house.
    • Large 10,000 sq ft total lot size (house lot plus adjacent lot).
    • Option to purchase adjacent 5,000 sq ft lot together with the house.
    • Convenient location close to shopping, transportation, and highways.
    • Updated and well‑kept condition.

    Overview

    This updated two-family house is located close to shopping, transportation, and highways. The property is situated on a 10,000 square foot lot, which is divided into two 5,000 square foot sections. The house occupies 5,000 square feet of the lot. This property is suitable as a residential income property and presents a great investment opportunity.

    Local 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 $144.0k $28.80
    − Vacancy −$7.9k −$1.58
    EGI $136.1k $27.22
    − OpEx −$40.8k −$8.16
    NOI $95.3k $19.05
    5,000 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,256 @ 7.0% cap · market cap 6.35%
    Second Best
    Apartment 5plus
    $1.27M
    $1.11M – $1.49M (±1% cap)
    NOI $89,187 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Specialty Retail
    $3.31M
    $2.89M – $3.86M (±1% cap)
    NOI $231,413 @ 7.0% cap · market cap 15.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Daycare Center Law Firm Hotel & Motel Skin Care Clinic Bar & Pub Hair Salon Nursing Home Barber Shop (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.670937
    Latitude
    40.740728

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    FAQs

    What type of property is this?
    Duplex - Updated two-family house near shopping, transport, and highways.
    Where is this duplex located?
    The property is located at 39 Old Stewart Avenue New Hyde Park, NY.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: Two‑family house, suitable for investment or multi‑generational living.; Large 5,000 sq ft house.; **Large 10,000 sq ft total lot size** (house lot plus adjacent lot).
    (516) 283-2522
    We can help!
    Contact an agent
    Sobdar Chandio CBR
    Real Estate License ID: 10311207022
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