Duplex with Legal
For Sale
$1,100,000
90-56 210th St, Queens Village, NY 11428
MULTI_FAMILY - Queens Village, NY
Property Size3,479 SF
Lot Size0.07 Acres
Price / SF$316.18
Days on Market281
Property Features for 90-56 210th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2
Interior features
Entrance Foyer, Master Downstairs
Subdivision
Queens Village
Standard status
Active
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7467
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1931
Floors in Building
1
Listing Agency:
S H V REAL ESTATE CORP
(718) 343-5200
Listed By:
Reema Sharma
(718) 343-5200
Added: Nov 12, 2025
Changed: Aug 5
Last Checked: Aug 20 at 3:06AM
MLS# 11605651
Copyright © 2026 My State 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 legally configured two-family residence includes a legal storefront and is described as fully occupied. The residential portion features 2,451 sq ft of living space with a two-bedroom unit and a studio apartment, and the commercial portion is 1,028 sq ft. The home includes an entrance foyer and a master bedroom downstairs, with baseboard heating using natural gas.
Located at 90-56 210th St in Queens Village, NY 11428, the property is positioned as a corner site between Hillside Ave and Jamaica Ave. The setup includes two private, front-of-store parking spots, designed for convenient access to the storefront.
Built in 1931, this property combines residential and storefront use within one legal structure.
Located at 90-56 210th St in Queens Village, NY 11428, the property is positioned as a corner site between Hillside Ave and Jamaica Ave. The setup includes two private, front-of-store parking spots, designed for convenient access to the storefront.
Built in 1931, this property combines residential and storefront use within one legal structure.
Key Highlights
- 0.0737‑acre corner lot
- 2,451 sq ft residential space with two‑bedroom unit and studio
- 1,028 sq ft legal storefront space
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
$85,042
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
7.73%
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%
$1,700,840
$1.7M
Cap Rate 7%
$1,214,886
$1.2M
Cap Rate 9%
$944,911
$944.9K
Market Conditions
NOI Build-Up for 3,479 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
$160.7K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.6K $44.44/SF
− OpEx
−$69.6K −$20.00/SF
NOI
$85.0K $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%
$1,700,840
Cap Rate 7%
$1,214,886
Cap Rate 9%
$944,911
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $85,042 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$887.1K
$776.3K – $1.04M
NOI $62,100 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,533 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 11428, NY
19,516
Population
6,335
Households
3.1
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
0.8 sq mi
ZIP Area
24,395
Density / Sq Mi
$84,977
Median Household Income
$42,146
Median Earnings
$1,827
Median Rent
$666,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a legal storefront and natural gas baseboard heat on a small corner lot.
Where is this duplex located?
The property is located at 90-56 210th St Queens Village, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 0.0737‑acre corner lot; 2,451 sq ft residential space with two‑bedroom unit and studio; 1,028 sq ft legal storefront space
