Two-Unit Duplex with Finished
New
For Sale
$869,000
70 Rockaway Parkway, Valley Stream, NY 11580
Both homes have two bedrooms and a full bath, with extra space in the basement and attic.
Property Size1,545 SF
Price / SF$562.46
Days on Market2
Property Features for 70 Rockaway Parkway
General Information
Standard status
Active
Size
1,545 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Central Valley Stream
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,784
Amenities
First Floor Bedroom
First Floor Full Bath
Entrance Foyer
High Ceilings
Washer/Dryer Hookup
Building Details
Building Size
1,545 SF
Year Built
1926
Units
2
Listing Agency:
LAFFEY REAL ESTATE
Listed By:
Keith Crichlow
(631) 252-6965
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 5:14PM
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 LAFFEY REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,545-square-foot duplex, built in 1926, contains two legal residential units. Each has two bedrooms, one full bathroom, a kitchen, and living space. A full basement adds a bathroom and bonus area, with its own entrance; the finished attic provides storage. The property is offered in as-is condition.
Located in Valley Stream, the home is near shopping, parks, schools, and transportation.
Located in Valley Stream, the home is near shopping, parks, schools, and transportation.
Key Highlights
- Two legal units, each with 2 bedrooms, 1 full bath, a kitchen, and living space
- 1,545‑square‑foot property built in 1926
- Full basement with separate entrance, bathroom, and bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,434
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,680
$588.7K
Cap Rate 7%
$420,486
$420.5K
Cap Rate 9%
$327,044
$327.0K
Market Conditions
NOI Build-Up for 1,545 SF
Gross rent
$44.5K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$42.0K $27.22/SF
− OpEx
−$12.6K −$8.16/SF
NOI
$29.4K $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%
$588,680
Cap Rate 7%
$420,486
Cap Rate 9%
$327,044
Alternative Uses
Best Use
Multifamily LT 5
$420.5K
$367.9K – $490.6K
NOI $29,434 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$393.7K
$344.5K – $459.3K
NOI $27,559 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$1.02M
$893.8K – $1.19M
NOI $71,506 @ 7.0% cap · market cap 8.23%
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
2,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 11580, NY
43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes have two bedrooms and a full bath, with extra space in the basement and attic.
Where is this duplex located?
The property is located at 70 Rockaway Parkway Valley Stream, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two legal units, each with 2 bedrooms, 1 full bath, a kitchen, and living space; 1,545‑square‑foot property built in 1926; Full basement with separate entrance, bathroom, and bonus space
