Side-by-Side Two-Family Ranch
For Sale
$1,599,000
569 Peninsula Boulevard, Cedarhurst, NY 11516
MULTI_FAMILY - Ranch - Cedarhurst, NY
Property Size4,226 SF
Lot Size0.18 Acres
Price / SF$378.37
Days on Market142
Property Features for 569 Peninsula Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 9, Basement, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 8
Parking
8
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Fencing
Fenced
Fireplace
1
Basement
Full
Elementary school
Lawrence Early Childhood-#4 School
Middle school
LAWRENCE MIDDLE SCHOOL AT BROADWAY CAMPUS
High school
Lawrence Senior High School
Elementary school district
Lawrence
Middle school district
Lawrence
High school district
Lawrence
Standard status
Active
APN
2003-39-276-00-0011-0
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12996
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Central Air
Water source
Public
Building Details
Year built
1975
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Architectural style
Ranch
Listing Agency:
Better Homes And Gardens Dream · EXIT Realty
(516) 799-7999
Listed By:
Seren Gul Taskin Ocak
(516) 590-5992
Added: Mar 23
Changed: Aug 3
Last Checked: Aug 11 at 10:06PM
MLS# 975232
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.
Ranch-style side-by-side two-family home built in 1975 with approximately 4,226 square feet of living space. The property offers 9 bedrooms and 5.5 bathrooms, with each side featuring its own entrance. Interior details include hardwood flooring, a fireplace, and first-floor bedroom and first-floor full bath features.
Outside, the home sits on an 8,000 square foot lot (0.1837 acres) with a large fenced backyard. There are two one-car garages plus parking for up to 8 vehicles, including a rare D-shaped driveway designed to accommodate a larger household or multi-family occupancy.
Utilities include public water and public sewer. Heating is provided by baseboard with natural gas, and the home has central air. Located in Cedarhurst, the property is positioned for convenient access to the LIRR, shopping, public schools, religious schools, houses of worship, local amenities, and JFK Airport.
Outside, the home sits on an 8,000 square foot lot (0.1837 acres) with a large fenced backyard. There are two one-car garages plus parking for up to 8 vehicles, including a rare D-shaped driveway designed to accommodate a larger household or multi-family occupancy.
Utilities include public water and public sewer. Heating is provided by baseboard with natural gas, and the home has central air. Located in Cedarhurst, the property is positioned for convenient access to the LIRR, shopping, public schools, religious schools, houses of worship, local amenities, and JFK Airport.
Key Highlights
- Two separate entrances for each side of the side‑by‑side two‑family layout
- Approximately 4,226 square feet of living space with 9 bedrooms and 5.5 bathrooms
- 8,000 square foot lot (0.1837 acres) with a large fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,610,200
$1.6M
Cap Rate 7%
$1,150,143
$1.2M
Cap Rate 9%
$894,556
$894.6K
Market Conditions
NOI Build-Up for 4,226 SF
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.
Gross rent
$121.7K $28.80/SF
− Vacancy
−$6.7K −$1.58/SF
EGI
$115.0K $27.22/SF
− OpEx
−$34.5K −$8.16/SF
NOI
$80.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,610,200
Cap Rate 7%
$1,150,143
Cap Rate 9%
$894,556
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,510 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$1.08M
$942.3K – $1.26M
NOI $75,381 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$2.79M
$2.44M – $3.26M
NOI $195,590 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 11516, NY
8,394
Population
3,346
Households
2.5
Avg Household Size
33
Median Age
47%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
9,327
Density / Sq Mi
$102,083
Median Household Income
$59,919
Median Earnings
$2,204
Median Rent
$818,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side two-family ranch with separate entrances, central air, and parking for up to eight on a fenced lot.
Where is this duplex located?
The property is located at 569 Peninsula Boulevard Cedarhurst, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two separate entrances for each side of the side‑by‑side two‑family layout; Approximately 4,226 square feet of living space with 9 bedrooms and 5.5 bathrooms; 8,000 square foot lot (0.1837 acres) with a large fenced backyard
