2-Unit Duplex with Private
New
For Sale
$1,099,000
54 Marwood Road N, Port Washington, NY 11050
Each apartment has its own laundry, with separate gas heating meters serving the two residences.
Property Size2,850 SF
Price / SF$385.61
Days on Market6
Property Features for 54 Marwood Road N
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,144
Building Details
Building Size
2,850 SF
Year Built
1964
Listing Agency:
Compass Greater NY LLC
Listed By:
Alana Mitnick Benjamin · License #10301212492
(917) 680-1948
Source:
Luxuryhomeny
Added: Oct 16
Changed: Oct 20
Last Checked: Oct 21 at 6:19AM
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 Compass Greater NY LLC
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Investment Insights
Based on property information with market context.
This 2,850-square-foot duplex, built in 1964, contains two apartments with distinct layouts. The first-floor residence has two bedrooms, two full bathrooms, a den or office, and a recreation room with access to a private deck. Upstairs, the second apartment includes two bedrooms, one full bathroom, a living room, and an eat-in kitchen. Each unit has its own laundry facilities.
Property improvements include a newer roof, siding and windows, along with updated flooring and a renovated lower level. Gas heating is separately metered for each apartment. The home is on a dead-end street and has a backyard.
Property improvements include a newer roof, siding and windows, along with updated flooring and a renovated lower level. Gas heating is separately metered for each apartment. The home is on a dead-end street and has a backyard.
Key Highlights
- 2,850‑square‑foot duplex built in 1964
- Two apartments, each with its own laundry and separate gas heating meter
- First‑floor unit offers 2 bedrooms, 2 full baths, a den or office, and a recreation room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,296
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,920
$1.1M
Cap Rate 7%
$775,657
$775.7K
Cap Rate 9%
$603,289
$603.3K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$82.1K $28.80/SF
− Vacancy
−$4.5K −$1.58/SF
EGI
$77.6K $27.22/SF
− OpEx
−$23.3K −$8.16/SF
NOI
$54.3K $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%
$1,085,920
Cap Rate 7%
$775,657
Cap Rate 9%
$603,289
Alternative Uses
Best Use
Multifamily LT 5
$775.7K
$678.7K – $904.9K
NOI $54,296 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$726.2K
$635.5K – $847.3K
NOI $50,837 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$1.88M
$1.65M – $2.20M
NOI $131,905 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
266
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own laundry, with separate gas heating meters serving the two residences.
Where is this duplex located?
The property is located at 54 Marwood Road N Port Washington, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2,850‑square‑foot duplex built in 1964; Two apartments, each with its own laundry and separate gas heating meter; First‑floor unit offers 2 bedrooms, 2 full baths, a den or office, and a recreation room
