Two-Family Home with Detached
For Sale
$829,000
13-51 McBride Street, Far Rockaway, NY 11691
Two residential units share a private multi-vehicle driveway and a detached garage.
Property Size2,431 SF
Price / SF$341.01
Days on Market56
Property Features for 13-51 McBride Street
General Information
Standard status
Active
Size
2,431 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,260
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Granite Counters
Kitchen Island
Open Kitchen
Primary Bathroom
Storage
Washer/Dryer Hookup
Building Details
Building Size
2,431 SF
Year Built
1915
Buildings
1
Units
2
Listing Agency:
Coldwell Banker American Homes
(516) 223-2525
Listed By:
Anna Aprea ABR SFR SRES
(646) 279-4781
Source:
Halknopfrealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This detached duplex contains approximately 2,431 square feet, with five bedrooms and 3.5 bathrooms across two units. Interior features include hardwood flooring, updated bathrooms, and a kitchen with a center island, granite counters, stainless steel refrigerator, wall oven, and gas cooktop. Gas heating and a newer hot water heater serve the home.
The property includes a detached two-car garage and a long, private driveway accommodating multiple vehicles. Its parcel extends 171 feet in depth. The home was built in 1915 and is located in Far Rockaway, Queens, near shopping, transportation, schools, and local amenities.
The property includes a detached two-car garage and a long, private driveway accommodating multiple vehicles. Its parcel extends 171 feet in depth. The home was built in 1915 and is located in Far Rockaway, Queens, near shopping, transportation, schools, and local amenities.
Key Highlights
- Two‑family detached home with 5 bedrooms and 3.5 bathrooms
- Approximately 2,431 square feet of living area
- Detached two‑car garage and private multi‑vehicle driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,424
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,480
$1.2M
Cap Rate 7%
$848,914
$848.9K
Cap Rate 9%
$660,267
$660.3K
Market Conditions
NOI Build-Up for 2,431 SF
Gross rent
$112.3K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$108.0K $44.44/SF
− OpEx
−$48.6K −$20.00/SF
NOI
$59.4K $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%
$1,188,480
Cap Rate 7%
$848,914
Cap Rate 9%
$660,267
Alternative Uses
Best Use
Apartment 5plus
$848.9K
$742.8K – $990.4K
NOI $59,424 @ 7.0% cap · market cap 7.17%
Second Best
Multifamily LT 5
$574.8K
$503.0K – $670.6K
NOI $40,237 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,451 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,042
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a private multi-vehicle driveway and a detached garage.
Where is this duplex located?
The property is located at 13-51 McBride Street Far Rockaway, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two‑family detached home with 5 bedrooms and 3.5 bathrooms; Approximately 2,431 square feet of living area; Detached two‑car garage and private multi‑vehicle driveway
