Rebuilt Two-Family Residence with
21544 23rd Road Bayside, NY 11360
For Sale
$1,880,000
MULTI_FAMILY - Bayside, NY
Property Size4,616 SF
Lot Size0.07 Acres
Price / SF$407.28
Days on Market80
Property Features for 21544 23rd Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
5
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 5, Basement, Bedroom 7
Basement
Finished, Walk-Out Access
Standard status
Active
APN
05958-0137
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15496
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Building Details
Year built
1970
Number of units
2
Building materials
Aluminum Siding, Brick
Listing Agency:
RE/MAX 1st Choice
(516) 888-6000
Listed By:
Yixiong Zheng
(646) 897-9960
Added: May 12
Changed: Jul 26
Last Checked: Jul 30 at 7:06AM
MLS# 998628
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 huge two-family residence was rebuilt in 2008 and features a split-level layout designed for flexible living arrangements. A separate entrance basement includes a walk-in space, and the home is supported by solid brick and frame construction. Additional utility includes floor heating and central A/C, along with a fourth floor that includes a walk-in area. Parking is available with a two-car garage and three front parking spaces.
Located in Bayside, the property is described as being close to Bay Terrace Mall, with bus service nearby.
For buyers seeking an owner-occupied or income-producing setup, the two-family configuration and separate-entry basement can support privacy and convenient access between levels. The presence of both floor heating and central A/C provides year-round comfort, while the garage and front parking support practical day-to-day use.
Located in Bayside, the property is described as being close to Bay Terrace Mall, with bus service nearby.
For buyers seeking an owner-occupied or income-producing setup, the two-family configuration and separate-entry basement can support privacy and convenient access between levels. The presence of both floor heating and central A/C provides year-round comfort, while the garage and front parking support practical day-to-day use.
Key Highlights
- Huge 2‑family split‑level home with 4 floors and walk‑in access
- 2008 house rebuild with approx. 4,616 living SF (as stated in remarks)
- Floor heating and central A/C plus ENERGY STAR qualified equipment
Financial Insights For Apartment 5plus
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 | $213.3k | $46.20 |
| − Vacancy | −$8.1k | −$1.76 |
| EGI | $205.2k | $44.44 |
| − OpEx | −$92.3k | −$20.00 |
| NOI | $112.8k | $24.44 |
4,616 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,835 @ 7.0% cap · market cap 6.00%
Second Best
Multifamily LT 5
$1.09M
$955.0K – $1.27M
NOI $76,402 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,208 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Rebuilt in 2008 with split-level layout, separate-entry basement, and floor heating plus central A/C.
Where is this duplex located?
The property is located at 21544 23rd Road Bayside, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Huge 2‑family split‑level home with 4 floors and walk‑in access; 2008 house rebuild with approx. 4,616 living SF (as stated in remarks); Floor heating and central A/C plus ENERGY STAR qualified equipment
