Duplex with Detached
New
For Sale
$839,000
51 Bellmore Street, Floral Park, NY 11001
The two residences have separate gas and electric meters, and the property includes a detached garage.
Property Size1,576 SF
Price / SF$532.36
Days on Market3
Property Features for 51 Bellmore Street
General Information
Standard status
Active
Size
1,576 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Multifamily Units
2
Individually Metered Utilities
electric, gas
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$15,824
Amenities
full basement
laundry
back yard
Building Details
Building Size
1,576 SF
Year Built
1925
Buildings
1
Units
2
Construction
stucco
Listing Agency:
BH&G R E Realty Connect
Listed By:
Sandra Lukan-Shaw · License #40LU0889669
(516) 946-5703
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:26PM
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 BH&G R E Realty Connect
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Investment Insights
Based on property information with market context.
This legal two-family stucco duplex contains 1,576 square feet and was built in 1925. The first-floor residence has one bedroom, a living room, sitting room, eat-in kitchen, and hardwood floors. A full basement provides storage and laundry space. Upstairs, the renovated unit features an eat-in kitchen with new appliances, a bedroom and living room with new carpeting, and an updated bathroom with a new sink and vanity.
Gas heat was installed four years ago, and each residence has separate gas and electric meters. Outside, the property includes a backyard and a detached two-car garage. The home is located on Bellmore Street in Floral Park.
Gas heat was installed four years ago, and each residence has separate gas and electric meters. Outside, the property includes a backyard and a detached two-car garage. The home is located on Bellmore Street in Floral Park.
Key Highlights
- Legal two‑family stucco duplex with 1,576 square feet
- Detached two‑car garage and backyard
- First‑floor unit has one bedroom, living room, sitting room, eat‑in kitchen, and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,025
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,500
$600.5K
Cap Rate 7%
$428,929
$428.9K
Cap Rate 9%
$333,611
$333.6K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$45.4K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.9K $27.22/SF
− OpEx
−$12.9K −$8.16/SF
NOI
$30.0K $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%
$600,500
Cap Rate 7%
$428,929
Cap Rate 9%
$333,611
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,025 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.5K
NOI $28,112 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$1.04M
$911.8K – $1.22M
NOI $72,941 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate gas and electric meters, and the property includes a detached garage.
Where is this duplex located?
The property is located at 51 Bellmore Street Floral Park, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Legal two‑family stucco duplex with 1,576 square feet; Detached two‑car garage and backyard; First‑floor unit has one bedroom, living room, sitting room, eat‑in kitchen, and hardwood floors
