Two-Family Home with Detached
For Sale
$929,000
86 Woods Avenue, Rockville Centre, NY 11570
Separate entrances, flexible living areas, and substantial storage support a practical two-unit residential layout.
Property Size1,903 SF
Days on Market34
Property Features for 86 Woods Avenue
General Information
Standard status
Active
Size
1,903 SF
Total Parking Spaces
5
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,589
Building Details
Building Size
1,903 SF
Year Built
1903
Buildings
1
Units
2
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(516) 678-1510
Listed By:
Daniel Amir CBR RSPS SFR SRS
(917) 749-8266
Source:
Mydreamhomerealty
Added: Aug 7
Changed: Sep 8
Last Checked: Sep 7 at 1:24PM
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 Daniel Gale Sothebys Intl Rlty
Investment Insights
Based on property information with market context.
Located at 86 Woods Ave in Rockville Centre, this legal two-family residence offers a flexible arrangement across two primary living levels. The upper unit includes a kitchen, living room, bedroom, additional room, walk-up attic, and a primary bedroom with four windows. The main level has its own entrance, two bedrooms, a bathroom, living room, eat-in kitchen, and another bonus room. Hardwood floors, generous closets, and numerous windows appear throughout the home.
The full oversized basement adds a bonus room, laundry area, and storage capacity. Exterior features include a front porch, private backyard, detached three-car garage, and driveway parking for up to five additional vehicles. The property is close to transportation, shopping, parks, and the Rockville Centre town center, including restaurants and nightlife.
The full oversized basement adds a bonus room, laundry area, and storage capacity. Exterior features include a front porch, private backyard, detached three-car garage, and driveway parking for up to five additional vehicles. The property is close to transportation, shopping, parks, and the Rockville Centre town center, including restaurants and nightlife.
Key Highlights
- Legal 2‑family configuration with 4 bedrooms and 2 bathrooms
- Separate entrance serves the main level
- Detached 3‑car garage and driveway parking for up to 5 additional vehicles
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
$36,254
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
3.90%
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%
$725,080
$725.1K
Cap Rate 7%
$517,914
$517.9K
Cap Rate 9%
$402,822
$402.8K
Market Conditions
NOI Build-Up for 1,903 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
$54.8K $28.80/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$51.8K $27.22/SF
− OpEx
−$15.5K −$8.16/SF
NOI
$36.3K $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%
$725,080
Cap Rate 7%
$517,914
Cap Rate 9%
$402,822
Alternative Uses
Best Use
Multifamily LT 5
$517.9K
$453.2K – $604.2K
NOI $36,254 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$484.9K
$424.3K – $565.8K
NOI $33,945 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,076 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, flexible living areas, and substantial storage support a practical two-unit residential layout.
Where is this duplex located?
The property is located at 86 Woods Avenue Rockville Centre, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Legal 2‑family configuration with 4 bedrooms and 2 bathrooms; Separate entrance serves the main level; Detached 3‑car garage and driveway parking for up to 5 additional vehicles
