Legal Two-Family Corner
242-19 83rd Avenue Bellerose, NY 11426
For Sale
$1,149,999
MULTI_FAMILY - Bellerose, NY
Property Size1,920 SF
Lot Size0.09 Acres
Price / SF$598.96
Days on Market76
Property Features for 242-19 83rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Basement, Bedroom 1
Parking features
Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Finished
Standard status
Active
APN
07905-0001
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10715
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Brick, Frame, Vinyl Siding
Listing Agency:
Ciampa Realty Group LLC
(718) 343-4500
Listed By:
Mario J. Ciampa · License #49CI1169157
(516) 551-4010
Added: May 14
Changed: Jul 28
Last Checked: Jul 28 at 7:06PM
MLS# 987396
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 legal two-family home is configured as two separate apartments, each with two bedrooms. Heating is supported by two separate gas boilers, providing independent service for the units. The interior totals 1,920 square feet and includes a fully finished basement with an outside entrance, adding flexibility for everyday use.
Set on a corner lot with south exposure, the home is positioned to bring in abundant natural light. A detached one-car garage provides off-street parking and storage, and the fenced-in yard creates a private outdoor space.
For tenants and owner-occupants, the layout offers a straightforward two-unit setup with independent heating and an added, externally accessible finished basement level. The property is also described as being near transportation, shopping, schools, and houses of worship, supporting a convenient day-to-day lifestyle for occupants.
Set on a corner lot with south exposure, the home is positioned to bring in abundant natural light. A detached one-car garage provides off-street parking and storage, and the fenced-in yard creates a private outdoor space.
For tenants and owner-occupants, the layout offers a straightforward two-unit setup with independent heating and an added, externally accessible finished basement level. The property is also described as being near transportation, shopping, schools, and houses of worship, supporting a convenient day-to-day lifestyle for occupants.
Key Highlights
- Legal two‑family home with two separate gas boilers and natural gas heating.
- 1,920 sq ft interior includes a fully finished basement with an outside entrance.
- Corner lot with south exposure for added natural light.
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 | $88.7k | $46.20 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $85.3k | $44.44 |
| − OpEx | −$38.4k | −$20.00 |
| NOI | $46.9k | $24.44 |
1,920 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 4.08%
Second Best
Multifamily LT 5
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,081 @ 7.0% cap · market cap 8.62%
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 - Two-unit duplex with separate boilers, finished basement entrance, fenced yard, and detached garage on a corner lot.
Where is this duplex located?
The property is located at 242-19 83rd Avenue Bellerose, NY.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: Legal two‑family home with two separate gas boilers and natural gas heating.; 1,920 sq ft interior includes a fully finished basement with an outside entrance.; Corner lot with south exposure for added natural light.
