Two-Unit Duplex with
New
For Sale
$999,000
634 Broadway, Bethpage, NY 11714
Legal two-family residence with separate electric panels and meters.
Property Size2,430 SF
Lot Size0.28 Acres
Price / SF$411.11
Days on Market6
Property Features for 634 Broadway
General Information
Standard status
Active
Size
2,430 SF
Lot size
0.28 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,704
Amenities
garage
laundry
storage
Building Details
Building Size
2,430 SF
Year Built
1958
Buildings
1
Listing Agency:
Compass Greater NY LLC
Listed By:
Mary M. Macaluso · License #30MA0942002
(516) 410-6193
Source:
Luxuryhomeny
Added: Sep 10
Changed: Sep 15
Last Checked: Sep 15 at 8:44AM
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
Investment Insights
Based on property information with market context.
This legal two-family residence in Bethpage offers 2,430 square feet of living space on a 12,000+ square foot lot. The main level includes three bedrooms, a full bathroom, and a kitchen with white appliances. Upstairs, the second residence provides two bedrooms, a full bathroom, and a kitchen with some stainless appliances. Hardwood flooring runs through most of the house.
The lower level adds finished space, a bathroom, laundry, storage, utilities, and an exterior entrance. Additional features include a garage, driveway parking for three cars, two-zone gas hot-water heating, a separate hot-water heater, three electric panels with three meters, IGS, and one wall air conditioner. Built in 1958, the property is zoned for Charles Campagne Elementary School, JFK Middle School, and Bethpage High School.
The lower level adds finished space, a bathroom, laundry, storage, utilities, and an exterior entrance. Additional features include a garage, driveway parking for three cars, two-zone gas hot-water heating, a separate hot-water heater, three electric panels with three meters, IGS, and one wall air conditioner. Built in 1958, the property is zoned for Charles Campagne Elementary School, JFK Middle School, and Bethpage High School.
Key Highlights
- Legal two‑family residence with 2,430 square feet of living space
- 12,000+ square foot lot in Bethpage
- Main level with 3 bedrooms and second floor with 2 bedrooms
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
$46,294
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
4.63%
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%
$925,880
$925.9K
Cap Rate 7%
$661,343
$661.3K
Cap Rate 9%
$514,378
$514.4K
Market Conditions
NOI Build-Up for 2,430 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
$70.0K $28.80/SF
− Vacancy
−$3.8K −$1.58/SF
EGI
$66.1K $27.22/SF
− OpEx
−$19.8K −$8.16/SF
NOI
$46.3K $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 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%
$925,880
Cap Rate 7%
$661,343
Cap Rate 9%
$514,378
Alternative Uses
Best Use
Multifamily LT 5
$661.3K
$578.7K – $771.6K
NOI $46,294 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.87M
NOI $112,466 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 11714, NY
22,989
Population
7,925
Households
2.9
Avg Household Size
45
Median Age
41%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
5,474
Density / Sq Mi
$123,679
Median Household Income
$61,499
Median Earnings
$2,211
Median Rent
$586,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate electric panels and meters.
Where is this duplex located?
The property is located at 634 Broadway Bethpage, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal two‑family residence with 2,430 square feet of living space; 12,000+ square foot lot in Bethpage; Main level with 3 bedrooms and second floor with 2 bedrooms
