Two-Unit Duplex with Detached
437 W Park Ave, Long Beach, NY 11561
For Sale
$999,000
The property combines two separate apartments with a detached garage, private driveway, and yard.
Property Size1,731 SF
Price / SF$577.12
Days on Market11
Property Features for 437 W Park Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
large yard
detached garage
private driveway
Building Details
Year Built
Listing Agency:
BERKSHIRE HATHAWAY
Listed By:
Pamela M. Nardone · License #10301217543
(516) 554-3222
Source:
Searchhomesinlongisland
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 7 at 8:16PM
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 BERKSHIRE HATHAWAY
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 Long Beach duplex contains two apartments: one with three bedrooms and another with one bedroom. The property measures 1,731 square feet and includes a detached garage, private driveway, and yard.
The home is in Long Beach’s Westholme area, with the beach, boardwalk, shopping, and transportation options, including the LIRR, nearby. Built in 1951, it offers a two-unit residential configuration with distinct apartment layouts.
The home is in Long Beach’s Westholme area, with the beach, boardwalk, shopping, and transportation options, including the LIRR, nearby. Built in 1951, it offers a two-unit residential configuration with distinct apartment layouts.
Key Highlights
- Two apartments: one 3‑bedroom unit and one 1‑bedroom unit
- 1,731‑square‑foot property
- Detached garage, private driveway, and yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,978
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,560
$659.6K
Cap Rate 7%
$471,114
$471.1K
Cap Rate 9%
$366,422
$366.4K
Market Conditions
NOI Build-Up for 1,731 SF
Gross rent
$49.9K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$47.1K $27.22/SF
− OpEx
−$14.1K −$8.16/SF
NOI
$33.0K $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%
$659,560
Cap Rate 7%
$471,114
Cap Rate 9%
$366,422
Alternative Uses
Best Use
Multifamily LT 5
$471.1K
$412.2K – $549.6K
NOI $32,978 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$1.14M
$1.00M – $1.34M
NOI $80,115 @ 7.0% cap · market cap 8.02%
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
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 11561, NY
39,132
Population
18,442
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
9,783
Density / Sq Mi
$132,903
Median Household Income
$72,221
Median Earnings
$2,462
Median Rent
$676,600
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 Long Beach
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property combines two separate apartments with a detached garage, private driveway, and yard.
Where is this duplex located?
The property is located at 437 W Park Ave Long Beach, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two apartments: one 3‑bedroom unit and one 1‑bedroom unit; 1,731‑square‑foot property; Detached garage, private driveway, and yard
