Duplex with Updated Kitchens and
For Sale
$719,900
8 Saint Nicholas Street, Lynbrook, NY 11563
Two separate living spaces include a renovated upper apartment and a refreshed first-floor residence with a private yard.
Property Size1,249 SF
Price / SF$576.38
Days on Market18
Property Features for 8 Saint Nicholas Street
General Information
Standard status
Active
Size
1,249 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,352
Amenities
inground sprinklers
outdoor lighting
Granite Counters
Lighting
Building Details
Building Size
1,249 SF
Year Built
1913
Buildings
1
Units
2
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
John Milillo
(516) 238-1731
Source:
Croninreale
Added: Oct 8
Changed: Oct 24
Last Checked: Oct 23 at 5:54PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This two-family property offers separate upstairs and first-floor living spaces. The upper apartment has one bedroom and updated finishes, while the first floor includes a bedroom, living room, eat-in kitchen with newer appliances and granite countertops, an updated bath, and an office area. The first-floor layout also connects to a rear porch and yard.
Outdoor features include a garage, patio, long driveway, in-ground sprinklers, and exterior lighting. Recent work includes new electrical panels and service mast, newer roof coverage at the rear, and new front storm doors. The basement houses a gas boiler, hot water heater, washer, and dryer. Built in 1913, the property is near parkways, shopping, and local villages.
Outdoor features include a garage, patio, long driveway, in-ground sprinklers, and exterior lighting. Recent work includes new electrical panels and service mast, newer roof coverage at the rear, and new front storm doors. The basement houses a gas boiler, hot water heater, washer, and dryer. Built in 1913, the property is near parkways, shopping, and local villages.
Key Highlights
- Two‑family property with a one‑bedroom upper apartment
- First‑floor residence has a bedroom, living room, eat‑in kitchen, updated bath, and office area
- Kitchen features newer appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,795
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,900
$475.9K
Cap Rate 7%
$339,929
$339.9K
Cap Rate 9%
$264,389
$264.4K
Market Conditions
NOI Build-Up for 1,249 SF
Gross rent
$36.0K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.0K $27.22/SF
− OpEx
−$10.2K −$8.16/SF
NOI
$23.8K $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%
$475,900
Cap Rate 7%
$339,929
Cap Rate 9%
$264,389
Alternative Uses
Best Use
Multifamily LT 5
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$318.3K
$278.5K – $371.3K
NOI $22,279 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$825.8K
$722.6K – $963.5K
NOI $57,807 @ 7.0% cap · market cap 8.03%
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
1,532
Businesses Nearby
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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
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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 - Two separate living spaces include a renovated upper apartment and a refreshed first-floor residence with a private yard.
Where is this duplex located?
The property is located at 8 Saint Nicholas Street Lynbrook, NY.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two‑family property with a one‑bedroom upper apartment; First‑floor residence has a bedroom, living room, eat‑in kitchen, updated bath, and office area; Kitchen features newer appliances and granite countertops
