2-Unit Duplex with Finished
54 Sandalwood Avenue, Valley Stream, NY 11581
For Sale
$1,200,000
Each apartment includes three bedrooms, a full bath, a kitchen, and separate living and dining rooms.
Property Size2,340 SF
Price / SF$512.82
Days on Market38
Property Features for 54 Sandalwood Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Exit Realty DKC
(718) 676-1371
Listed By:
Ashiqur R. Hridoy
(347) 566-7676
Source:
Croninreale
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 7 at 5:56PM
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 Exit Realty DKC
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Investment Insights
Based on property information with market context.
Built in 1958, this 2,340-square-foot legal two-family residence contains two apartments with matching layouts. Each has three bedrooms, one full bathroom, a kitchen, a living room, and a dining room. A finished basement with a separate entrance and additional rooms adds usable space. The property also has a private driveway and is being delivered vacant.
Set on a corner, the home is located at 54 Sandalwood Avenue in Valley Stream, New York. The property is being sold as is.
Set on a corner, the home is located at 54 Sandalwood Avenue in Valley Stream, New York. The property is being sold as is.
Key Highlights
- Two matching apartments, each with three bedrooms and one full bathroom
- 2,340‑square‑foot building constructed in 1958
- Finished basement with separate entrance and additional rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,580
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,600
$891.6K
Cap Rate 7%
$636,857
$636.9K
Cap Rate 9%
$495,333
$495.3K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$67.4K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.7K $27.22/SF
− OpEx
−$19.1K −$8.16/SF
NOI
$44.6K $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%
$891,600
Cap Rate 7%
$636,857
Cap Rate 9%
$495,333
Alternative Uses
Best Use
Multifamily LT 5
$636.9K
$557.3K – $743.0K
NOI $44,580 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$596.3K
$521.8K – $695.7K
NOI $41,740 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.81M
NOI $108,301 @ 7.0% cap · market cap 9.03%
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
2,128
Businesses Nearby
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Business Placement
Demographics for 11581, NY
23,183
Population
7,423
Households
3.1
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,586
Density / Sq Mi
$138,821
Median Household Income
$61,079
Median Earnings
$2,198
Median Rent
$652,700
Median Home Value
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Market
Properties on Market for Duplexes in Valley Stream
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment includes three bedrooms, a full bath, a kitchen, and separate living and dining rooms.
Where is this duplex located?
The property is located at 54 Sandalwood Avenue Valley Stream, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two matching apartments, each with three bedrooms and one full bathroom; 2,340‑square‑foot building constructed in 1958; Finished basement with separate entrance and additional rooms
