Detached Duplex with Two-Car
New
For Sale
$829,000
13-51 McBride Street, Far Rockaway, NY 11691
Residential Income, Far Rockaway, NY
Property Size2,500 SF
Lot Size0.20 Acres
Price / SF$331.60
Days on Market5
Property Features for 13-51 McBride Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Dining Room, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Parking features
On Street, Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining, Granite Counters, Kitchen Island, Open Kitchen, Primary Bathroom, Storage, Washer/Dryer Hookup
Basement
Unfinished
Elementary school
Ps 104 Bays Water
Middle school
Ms 53 Brian Piccolo
High school
Frederick Douglass Acad Vi Hs
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
APN
15663-0092
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5260
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1915
Number of units
2
Flooring type
Hardwood
Building materials
Frame
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Coldwell Banker American Homes · Coldwell Banker Real Estate
(516) 223-2525
Listed By:
Anna Aprea ABR SFR SRES
(646) 279-4781
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 4 at 2:06AM
MLS# 1045767
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully detached duplex at 13-51 McBride Street includes approximately 2,500 square feet, five bedrooms, and 3.5 bathrooms across two residential units. The 1915 Colonial-style frame home sits on a 0.1994-acre parcel measuring 171 feet deep. Interior features include granite counters, a center island, an eat-in kitchen, formal dining space, hardwood floors, storage, and washer/dryer hookups. Recent improvements include updated bathrooms, a new stainless-steel refrigerator, a wall oven, a gas cooktop, and a new hot water heater.
The property also provides a detached two-car garage, a private multi-vehicle driveway, and on-street parking. Public water and sewer serve the home, with natural-gas heating. The Far Rockaway location offers access to shopping, transportation, schools, and local amenities.
The property also provides a detached two-car garage, a private multi-vehicle driveway, and on-street parking. Public water and sewer serve the home, with natural-gas heating. The Far Rockaway location offers access to shopping, transportation, schools, and local amenities.
Key Highlights
- Two‑family duplex with approximately 2,500 square feet, 5 bedrooms, and 3.5 bathrooms
- Fully detached 1915 Colonial‑style frame home on a 0.1994‑acre lot
- Detached two‑car garage, private multi‑vehicle driveway, and on‑street parking
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
$61,111
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
7.37%
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%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,500 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
$115.5K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$111.1K $44.44/SF
− OpEx
−$50.0K −$20.00/SF
NOI
$61.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 7.37%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 11691, NY
64,673
Population
23,400
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
23,953
Density / Sq Mi
$57,027
Median Household Income
$40,366
Median Earnings
$1,444
Median Rent
$649,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated kitchens, bathrooms, hardwood flooring, and natural-gas heating.
Where is this duplex located?
The property is located at 13-51 McBride Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 2,500 square feet, 5 bedrooms, and 3.5 bathrooms; Fully detached 1915 Colonial‑style frame home on a 0.1994‑acre lot; Detached two‑car garage, private multi‑vehicle driveway, and on‑street parking
