Residential Income Duplex
840 Kings Parkway Baldwin, NY 11510
840 Kings Parkway, Baldwin, NY, 11510
$700,000
For Sale
$700,000
Colonial-style home with five bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Property Size1,965 SF
Price / SF$356.23
Days on Market16
Property Features for 840 Kings Parkway
General Information
- Standard status
- Active
- Size
- 1,965 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1926
Listing agency
Island Advantage Realty LLC
(631) 351-6000
Listed by
Todd A. Yovino · License #40YO0956714
(631) 351-6000
Source
Compass
Added: Jul 7 Updated: Jul 22 at 10:50AM Checked: Jul 22 at 10:50AM
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 Island Advantage Realty LLC
Investment Insights
Based on property information with market context.
This Colonial-style residential income property features five bedrooms and two full baths, along with an eat-in kitchen and a one-car garage. The information provided is estimated to the best of the source’s abilities at this time.
The property is located at 840 Kings Parkway in Baldwin, NY 11510.
The property is located at 840 Kings Parkway in Baldwin, NY 11510.
Key Highlights
- Colonial‑style home built in 1926
- 5 bedrooms and 2 full baths
- Eat‑in kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $28.80 |
| − Vacancy | −$3.1k | −$1.58 |
| EGI | $53.5k | $27.22 |
| − OpEx | −$16.0k | −$8.16 |
| NOI | $37.4k | $19.05 |
1,965 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$534.8K
$468.0K – $623.9K
NOI $37,436 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$500.7K
$438.1K – $584.2K
NOI $35,051 @ 7.0% cap · market cap 5.01%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $90,945 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Colonial-style home with five bedrooms, two full baths, an eat-in kitchen, and a one-car garage.
Where is this duplex located?
The property is located at 840 Kings Parkway Baldwin, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Colonial‑style home built in 1926; 5 bedrooms and 2 full baths; Eat‑in kitchen
