Two-Family Home with Marina
4 Mariners Way, Glen Cove, NY 11542
For Sale
$989,000
Two separate residences offer a four-bedroom layout and a two-bedroom apartment, each with its own living and dining areas.
Property Size2,909 SF
Price / SF$339.98
Days on Market21
Property Features for 4 Mariners Way
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Daniel Gale Sothebys Intl Rlty
Listed By:
Francesca Morrocu Blass SFR
(516) 883-2900
Source:
Searchhomesinlongisland
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 7:13AM
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 Daniel Gale Sothebys Intl Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,909-square-foot duplex, built in 1985, contains two residences. The larger unit has four bedrooms, a living room, formal dining room, and an eat-in kitchen. A deck extends from the dining room, and the primary bedroom includes a walk-in closet. The property also has a basement. The second apartment features two bedrooms and one full bath, with an open arrangement connecting the living room, dining area, and kitchen.
The home is on a dead-end street in Glen Cove, a short distance from the harbor. The deck overlooks the marina, adding a water view to the larger residence.
The home is on a dead-end street in Glen Cove, a short distance from the harbor. The deck overlooks the marina, adding a water view to the larger residence.
Key Highlights
- 2,909‑square‑foot duplex with two residential units
- Main residence includes 4 bedrooms, a formal dining room, an eat‑in kitchen, and a deck overlooking the marina
- Second apartment has 2 bedrooms, 1 full bath, and an open living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,420
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,400
$1.1M
Cap Rate 7%
$791,714
$791.7K
Cap Rate 9%
$615,778
$615.8K
Market Conditions
NOI Build-Up for 2,909 SF
Gross rent
$83.8K $28.80/SF
− Vacancy
−$4.6K −$1.58/SF
EGI
$79.2K $27.22/SF
− OpEx
−$23.8K −$8.16/SF
NOI
$55.4K $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%
$1,108,400
Cap Rate 7%
$791,714
Cap Rate 9%
$615,778
Alternative Uses
Best Use
Multifamily LT 5
$791.7K
$692.8K – $923.7K
NOI $55,420 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$741.3K
$648.6K – $864.8K
NOI $51,889 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,636 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 11542, NY
29,171
Population
11,374
Households
2.6
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
6.7 sq mi
ZIP Area
4,354
Density / Sq Mi
$92,284
Median Household Income
$52,855
Median Earnings
$2,350
Median Rent
$659,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a four-bedroom layout and a two-bedroom apartment, each with its own living and dining areas.
Where is this duplex located?
The property is located at 4 Mariners Way Glen Cove, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 2,909‑square‑foot duplex with two residential units; Main residence includes 4 bedrooms, a formal dining room, an eat‑in kitchen, and a deck overlooking the marina; Second apartment has 2 bedrooms, 1 full bath, and an open living, dining, and kitchen layout
