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    Spacious Two-Family Home in Queens

    10-37 BAY 31ST Street Queens, NY 11691

    10-37 BAY 31ST Street, Queens, NY, 11691
    $999,000
    For Sale
    Claim this Listing
    $999,000

    MULTI_FAMILY - Queens, NY

    Property Size2,880 SF
    Lot Size0.07 Acres
    Price / SF$346.88
    AddedMay 31
    Days on Market47
    Last RefreshJul 16 at 5:06 am

    Property Features for 10-37 BAY 31ST Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 1
    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

    Listing office Serhant LLC 372 West Broadway, New York, NY

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key Highlights

    • 1965‑built semi‑detached two‑family home with two separate units (4 beds/1.5 baths and 3 beds/1.5 baths)
    • Each unit includes an eat‑in kitchen and a separate dining room
    • Oversized finished basement with high ceilings, interior access, and a separate entrance

    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 (±1% cap)
    NOI $70,400 @ 7.0% cap · market cap 7.05%
    Second Best
    Multifamily LT 5
    $681.0K
    $595.9K – $794.5K (±1% cap)
    NOI $47,669 @ 7.0% cap · market cap 4.77%
    Theoretical Best
    Office A
    $2.12M
    $1.86M – $2.48M (±1% cap)
    NOI $148,622 @ 7.0% cap · market cap 14.88%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic (Bike/Boat/Book/etc) Store Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

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    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: 1965‑built semi‑detached two‑family home with two separate units (4 beds/1.5 baths and 3 beds/1.5 baths); Each unit includes an eat‑in kitchen and a separate dining room; Oversized finished basement with high ceilings, interior access, and a separate entrance
    Contact an agent
    (646) 480-7665
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    Ryan Serhant
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