Two-Family Home with Finished
For Sale
$999,000
10-37 BAY 31ST Street, Queens, NY 11691
Residential, Queens, NY
Property Size2,880 SF
Lot Size0.07 Acres
Price / SF$346.88
Days on Market139
Property Features for 10-37 BAY 31ST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 7, Bathroom 4
Subdivision
Bayswater
High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
Size
2,880 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7632
Amenities
finished basement
huge backyard
Building Details
Year built
1965
Floors in Building
2
Listing Agency:
Serhant LLC
Listed By:
Ryan Serhant
(646) 480-7665
Added: May 31
Changed: Oct 13
Last Checked: Oct 16 at 6:06AM
MLS# 1006940
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.
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Investment Insights
Based on property information with market context.
This semi-detached two-family property contains 2,880 square feet across a four-bedroom, one-and-a-half-bath unit and a three-bedroom, one-and-a-half-bath unit. Both residences include eat-in kitchens, separate dining rooms, spacious living rooms, and primary bedrooms with en-suite half baths. The finished basement has high ceilings, interior access, and a separate entrance, with space for recreation, an office, a gym, media use, storage, or additional living space.
The property also includes a large backyard, private parking, and a detached two-car garage. Built in 1965 on a 30' x 106' lot, the building measures 22' x 65'. Transportation options include the A train, the LIRR Far Rockaway Branch with free station parking, the QM17 Express Bus to Midtown Manhattan, and the NYC Ferry. The property also offers access to Brooklyn, Queens, Long Island, and JFK Airport.
The property also includes a large backyard, private parking, and a detached two-car garage. Built in 1965 on a 30' x 106' lot, the building measures 22' x 65'. Transportation options include the A train, the LIRR Far Rockaway Branch with free station parking, the QM17 Express Bus to Midtown Manhattan, and the NYC Ferry. The property also offers access to Brooklyn, Queens, Long Island, and JFK Airport.
Key Highlights
- Two‑family layout with 4‑bedroom and 3‑bedroom units
- 2,880 square feet in a building measuring 22' x 65'
- Finished basement with high ceilings, interior access, and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,400
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,000
$1.4M
Cap Rate 7%
$1,005,714
$1.0M
Cap Rate 9%
$782,222
$782.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$133.1K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.0K $44.44/SF
− OpEx
−$57.6K −$20.00/SF
NOI
$70.4K $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 Rate 5%
$1,408,000
Cap Rate 7%
$1,005,714
Cap Rate 9%
$782,222
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 authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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Business Placement
Demographics for 11691, NY
64,673
Population
23,400
Households
2.8
Avg Household Size
34
Median Age
23%
College-Educated
78%
High-School Grad
2.7 sq mi
ZIP Area
23,953
Density / Sq Mi
$57,027
Median Household Income
$40,366
Median Earnings
$1,444
Median Rent
$649,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached duplex with flexible living areas, private parking, and a detached garage.
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 layout with 4‑bedroom and 3‑bedroom units; 2,880 square feet in a building measuring 22' x 65'; Finished basement with high ceilings, interior access, and a separate entrance
