Corner Two-Family Residential
8860 240th Street Bellerose, NY 11426
For Sale
$890,000
Pending
MULTI_FAMILY - Colonial - Bellerose, NY
Property Size1,580 SF
Lot Size0.07 Acres
Days on Market121
Property Features for 8860 240th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Garage
Interior features
First Floor Full Bath
Fireplace
1
Basement
Finished
Standard status
Pending
APN
07978-0064
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7523
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Tony & William R E Brotherhood
(347) 368-6775
Listed By:
Chun H. Xie
(718) 775-2219
Added: Apr 1
Changed: Jul 17
Last Checked: Jul 30 at 5:06AM
MLS# 979230
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 corner two-family home is currently configured and used as a spacious single-family residence. The interior features hardwood flooring throughout, central heating and air conditioning, and a layout offering 3 bedrooms, 2 full bathrooms, and a loft area. A full basement provides additional space. Outside, the property includes a generously sized yard and a detached two-car garage.
The home is located on a quiet, residential street in Bellerose, Queens. Convenience-focused surroundings include public transportation, restaurants, banks, and local shops. It also offers easy access to the Cross Island Parkway, with an approximately 20-minute drive to Flushing, Long Island, and JFK Airport.
Set on a roughly 3,000 sq. ft. lot, the home includes approximately 1,580 sq. ft. of interior living space.
The home is located on a quiet, residential street in Bellerose, Queens. Convenience-focused surroundings include public transportation, restaurants, banks, and local shops. It also offers easy access to the Cross Island Parkway, with an approximately 20-minute drive to Flushing, Long Island, and JFK Airport.
Set on a roughly 3,000 sq. ft. lot, the home includes approximately 1,580 sq. ft. of interior living space.
Key Highlights
- Desirable Bellerose neighborhood location.
- Currently configured as a spacious single‑family home.
- Convenient location with easy access to major transportation routes and amenities.
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 | $73.0k | $46.20 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $70.2k | $44.44 |
| − OpEx | −$31.6k | −$20.00 |
| NOI | $38.6k | $24.44 |
1,580 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$551.7K
$482.8K – $643.7K
NOI $38,622 @ 7.0% cap · market cap 4.34%
Second Best
Multifamily LT 5
$373.6K
$326.9K – $435.9K
NOI $26,152 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,536 @ 7.0% cap · market cap 9.16%
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 - Corner two-family home currently configured as a spacious single-family residence with hardwood floors, central heat/air, and a detached two-car garage.
Where is this duplex located?
The property is located at 8860 240th Street Bellerose, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Desirable Bellerose neighborhood location.; Currently configured as a spacious single‑family home.; Convenient location with easy access to major transportation routes and amenities.
