Side-by-Side
For Sale
$1,199,000
63 Graywood Road, Port Washington, NY 11050
Each residence has separate gas and electric meters, supporting independent utility service.
Property Size2,904 SF
Days on Market9
Property Features for 63 Graywood Road
General Information
Standard status
Active
Size
2,904 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Individually Metered Utilities
gas, electric
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$22,916
Building Details
Building Size
2,904 SF
Year Built
1937
Listing Agency:
Signature Premier Properties
Listed By:
Michael Furino · License #10401312921
(516) 459-6246
Source:
Cottiemaxwellrealestate
Added: Oct 23
Changed: Oct 31
Last Checked: Oct 30 at 7:29PM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
Built in 1937, this duplex contains two side-by-side residences. Each unit offers three bedrooms, two-and-a-half bathrooms, vaulted ceilings, a full basement, and storage space. Separate gas and electric meters serve the units individually.
The property also includes two driveways and a detached one-car garage. Parks, restaurants, golf courses, and shopping are among the nearby amenities in Port Washington.
The property also includes two driveways and a detached one-car garage. Parks, restaurants, golf courses, and shopping are among the nearby amenities in Port Washington.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms and 2.5 bathrooms
- Full basement and vaulted ceilings in each unit
- Separate gas and electric meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,325
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,500
$1.1M
Cap Rate 7%
$790,357
$790.4K
Cap Rate 9%
$614,722
$614.7K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$83.6K $28.80/SF
− Vacancy
−$4.6K −$1.58/SF
EGI
$79.0K $27.22/SF
− OpEx
−$23.7K −$8.16/SF
NOI
$55.3K $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%
$1,106,500
Cap Rate 7%
$790,357
Cap Rate 9%
$614,722
Alternative Uses
Best Use
Multifamily LT 5
$790.4K
$691.6K – $922.1K
NOI $55,325 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$740.0K
$647.5K – $863.3K
NOI $51,800 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,404 @ 7.0% cap · market cap 11.21%
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
463
Businesses Nearby
Explore this area
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 residence has separate gas and electric meters, supporting independent utility service.
Where is this duplex located?
The property is located at 63 Graywood Road Port Washington, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms and 2.5 bathrooms; Full basement and vaulted ceilings in each unit; Separate gas and electric meters for each residence
