Spacious Two-Family Home in
10-37 BAY 31ST Street, Queens, NY 11691
New
MULTI_FAMILY - Queens, NY
Property size:
2,880 SFLot size:
0.07 AcresPrice / SF:
$346/SF- Added:
- May 31, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 1 at 1:06 am
Property Features for 10-37 BAY 31ST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 4
- Standard status
- Active
- Size
- 2,880 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7632
Building Details
- Year built
- 1965
- Floors in Building
- 2
Listing agent Ryan Serhant (646) 480-7665
Listing office Serhant LLC 372 West Broadway, New York, NY (646) 480-7665
Listing date May 31, 2026
MLS# 1006940
Listing URL
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.
HighLights
- Two‑family home with excellent income potential.
- Oversized finished basement with high ceilings and separate entrance.
- Convenient location near multiple transportation options.
- Private parking with a detached 2‑car garage and a huge backyard.
- Each unit features eat‑in kitchens, separate dining rooms, and expansive living rooms.
- Low annual taxes of $7,634.
Overview
This semi-detached two-family home offers income potential and flexibility for investors and owner-occupants. The property includes a 4-bedroom, 1.5-bath unit and a 3-bedroom, 1.5-bath unit, each featuring eat-in kitchens and separate dining rooms. The units offer large, comfortable bedrooms, with the primary bedroom featuring an en-suite half bath. Expansive living rooms provide space for relaxing or entertaining, and abundant natural sunlight fills both units. The oversized finished basement features high ceilings, interior access, and a separate entrance, making it suitable for recreation, a home office, gym, media room, storage, or additional living space. The property also includes a large backyard and private parking with a detached 2-car garage. The building size is 22' x 65', situated on a 30' x 106' lot. Located in Queens, the property is near transportation options, including the A train, LIRR Far Rockaway Branch with free station parking, QM17 Express Bus to Midtown Manhattan, NYC Ferry, and offers access to Brooklyn, Queens, Long Island, and JFK Airport.
Local 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 | $133.1k | $46.20 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $128.0k | $44.44 |
| − OpEx | −$57.6k | −$20.00 |
| NOI | $70.4k | $24.44 |
2,880 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 7.05%
Second Best
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,622 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.767479
- Latitude
- 40.601852
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Semi-detached two-family home with income potential and convenient location.
Where is this duplex located?
The property is located at 10-37 BAY 31ST Street Queens, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family home with excellent income potential.; Oversized finished basement with high ceilings and separate entrance.; Convenient location near multiple transportation options.
