Four-Unit Residential Building with
New
For Sale
$3,100,000
41 1/2 Avenue A, Port Washington, NY 11050
Four two-bedroom apartments share a full basement and a detached garage with four-car capacity.
Property Size7,200 SF
Days on Market6
Property Features for 41 1/2 Avenue A
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$24,140
Building Details
Building Size
7,200 SF
Year Built
1932
Listing Agency:
Signature Premier Properties
Listed By:
Melanie Rescigno
(516) 263-0501
Source:
Cottiemaxwellrealestate
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 7:34PM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This four-unit residential property contains four apartments, each configured with two bedrooms and one bathroom. The building includes a full basement and a separate garage with space for four cars. Built in 1932, the property has 7,200 square feet of building area.
Located at 41 1/2 Avenue A in Port Washington, the property is offered for sale.
Located at 41 1/2 Avenue A in Port Washington, the property is offered for sale.
Key Highlights
- Four 2‑bedroom, 1‑bathroom apartments
- 7,200 square feet of building area
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,169
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,743,380
$2.7M
Cap Rate 7%
$1,959,557
$2.0M
Cap Rate 9%
$1,524,100
$1.5M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$207.4K $28.80/SF
− Vacancy
−$11.4K −$1.58/SF
EGI
$196.0K $27.22/SF
− OpEx
−$58.8K −$8.16/SF
NOI
$137.2K $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%
$2,743,380
Cap Rate 7%
$1,959,557
Cap Rate 9%
$1,524,100
Alternative Uses
Best Use
Multifamily LT 5
$1.96M
$1.71M – $2.29M
NOI $137,169 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$1.83M
$1.61M – $2.14M
NOI $128,430 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$4.76M
$4.17M – $5.55M
NOI $333,234 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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Business Placement
Demographics for 11050, NY
31,512
Population
12,329
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,120
Density / Sq Mi
$153,819
Median Household Income
$78,132
Median Earnings
$2,454
Median Rent
$990,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments share a full basement and a detached garage with four-car capacity.
Where is this quadplex located?
The property is located at 41 1/2 Avenue A Port Washington, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bathroom apartments; 7,200 square feet of building area; Full basement
