Remodeled Duplex with Separate
47 Wood Street Lynbrook, NY 11563
New
47 Wood Street, Lynbrook, NY, 11563
$979,000
For Sale
$979,000
MULTI_FAMILY - Colonial - Lynbrook, NY
Property Size2,000 SF
Lot Size0.16 Acres
Price / SF$489.50
Days on Market3
Property Features for 47 Wood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Basement, Bathroom 2, Bedroom 5, Bedroom 2
- Parking
- 8
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath, Crown Molding, ENERGY STAR Qualified Door(s), Entrance Foyer, High Ceilings, Open Floorplan, Open Kitchen, Primary Bathroom, Quartz/Quartzite Counters, Recessed Lighting, Washer/Dryer Hookup
- Basement
- Unfinished
- Standard status
- Active
- APN
- 2025-37-304-00-0062-0
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11452
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Steam, Heat Pump (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1923
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Shingle Siding
- Architectural style
- Colonial
Listing Agency
Coldwell Banker American Homes
(516) 665-2000
284 W Park Ave, East Meadow, NY
Listed by
Nicholas Gallo
(516) 850-7967
Added: Jul 14 Checked: Jul 16 at 5:06 pm
MLS# 1025838
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully remodeled 5-bedroom duplex offers updated interiors and a modern finish throughout. Improvements described include an all-new roof, new interior doors, crown molding, and luxury vinyl flooring, along with updated appliances. The property is configured for true multi-family living, with two gas meters, two electric meters, two water heaters, and separate heating zones for each unit. Exterior features include a detached two-car garage, an oversized driveway accommodating 8+ vehicles, and a spacious private backyard with green space.
Located at 47 Wood Street in Lynbrook, NY, the home is within the Lynbrook School District.
As presented, the property has the potential to generate approximately $7,450 in monthly rental income.
Located at 47 Wood Street in Lynbrook, NY, the home is within the Lynbrook School District.
As presented, the property has the potential to generate approximately $7,450 in monthly rental income.
Key Highlights
- Fully remodeled 5‑bedroom multi‑family home with nearly 2,000 sq. ft. of updated living space
- 50' x 135' (6,750 sq. ft.) lot with spacious private backyard and detached two‑car garage
- Separate utilities for each unit: two gas meters, two electric meters, and two water heaters
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 | $57.6k | $28.80 |
| − Vacancy | −$3.2k | −$1.58 |
| EGI | $54.4k | $27.22 |
| − OpEx | −$16.3k | −$8.16 |
| NOI | $38.1k | $19.05 |
2,000 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.6K
NOI $35,675 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,565 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully remodeled 5-bedroom duplex featuring separate heating zones and two sets of utility meters.
Where is this duplex located?
The property is located at 47 Wood Street Lynbrook, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Fully remodeled 5‑bedroom multi‑family home with nearly 2,000 sq. ft. of updated living space; 50' x 135' (6,750 sq. ft.) lot with spacious private backyard and detached two‑car garage; Separate utilities for each unit: two gas meters, two electric meters, and two water heaters
