Two-Family
62 Peterson Pl, Lynbrook, NY 11563
For Sale
$799,000
Two two-bedroom apartments provide separate residential spaces, with one currently vacant and the other tenant-occupied.
Property Size1,644 SF
Price / SF$486.01
Days on Market27
Property Features for 62 Peterson Pl
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Douglas Elliman Real Estate
(516) 669-3700
Listed By:
Julie Zucker · License NY #10401335764
(516) 754-2285
Source:
Exprealty
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 12 at 1:12PM
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 Douglas Elliman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal two-family home contains 1,644 square feet across two apartments. Each apartment has two bedrooms. The first-floor unit is vacant, while the second-floor unit is occupied by a tenant and will transfer with that tenancy.
Key Highlights
- Legal two‑family home with 1,644 square feet
- Two‑bedroom apartment on each floor
- First‑floor apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,320
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,400
$626.4K
Cap Rate 7%
$447,429
$447.4K
Cap Rate 9%
$348,000
$348.0K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$47.3K $28.80/SF
− Vacancy
−$2.6K −$1.58/SF
EGI
$44.7K $27.22/SF
− OpEx
−$13.4K −$8.16/SF
NOI
$31.3K $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%
$626,400
Cap Rate 7%
$447,429
Cap Rate 9%
$348,000
Alternative Uses
Best Use
Multifamily LT 5
$447.4K
$391.5K – $522.0K
NOI $31,320 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$418.9K
$366.6K – $488.8K
NOI $29,325 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$1.09M
$951.1K – $1.27M
NOI $76,088 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,986
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments provide separate residential spaces, with one currently vacant and the other tenant-occupied.
Where is this duplex located?
The property is located at 62 Peterson Pl Lynbrook, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Legal two‑family home with 1,644 square feet; Two‑bedroom apartment on each floor; First‑floor apartment is vacant
