Four-Level Detached
For Sale
$879,888
434 Beach 36th Street, Queens, NY 11691
Legal two-family residence with finished attic, basement, private yard, and detached garage.
Property Size2,813 SF
Price / SF$312.79
Days on Market1303
Property Features for 434 Beach 36th Street
General Information
Standard status
Active
Size
2,813 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,347
Amenities
private fenced yard
laundry room
Square Feet, 40x115
Finished, Full
Hardwood
Dryer, Eat in Kitchen, Hardwood Floors As Seen, Other, Public, Refrigerator, Second Stove, Washer
Dryer, Oven, Refrigerator, Washer
Dryer,Refrigerator,Second Stove,Washer
2813
14
No Common Walls
Eat-in Kitchen
Square Feet
Other/See Remarks, Hardwood Floors As Seen, Eat in Kitchen
No
Brick, Frame
Shared Driveway, Detached, 1 Car Detached
Building Details
Year Built
1940
Buildings
1
Construction
Brick/Frame
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Deirdre A Folan · License #10301200720
(718) 475-2700
Source:
Compass
Added: Feb 7, 2023
Changed: Aug 31
Last Checked: Sep 1 at 11:12PM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
This legal two-family detached property contains 2,813 square feet across four levels and was built in 1940. The main residence includes a living room, formal dining room, eat-in kitchen, laundry room, 3-4 bedrooms, and one bathroom. The second-floor apartment offers a living room, eat-in kitchen, three bedrooms, and one bathroom. A finished attic adds a large room with high ceilings, windows, and closets.
The finished basement provides a family room, office, bathroom, high ceilings, and a separate entrance. Exterior features include brick and frame construction, a detached one-car garage, a shared driveway, and a private fenced yard. Located at 434 Beach 36th Street in Queens, the property is described as convenient to transportation and shopping.
The finished basement provides a family room, office, bathroom, high ceilings, and a separate entrance. Exterior features include brick and frame construction, a detached one-car garage, a shared driveway, and a private fenced yard. Located at 434 Beach 36th Street in Queens, the property is described as convenient to transportation and shopping.
Key Highlights
- Legal two‑family detached property with 2,813 square feet
- Four‑level layout with finished attic and full finished basement
- Main residence includes 3‑4 bedrooms, eat‑in kitchen, and laundry room
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
$68,762
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
7.81%
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%
$1,375,240
$1.4M
Cap Rate 7%
$982,314
$982.3K
Cap Rate 9%
$764,022
$764.0K
Market Conditions
NOI Build-Up for 2,813 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
$130.0K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$125.0K $44.44/SF
− OpEx
−$56.3K −$20.00/SF
NOI
$68.8K $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%
$1,375,240
Cap Rate 7%
$982,314
Cap Rate 9%
$764,022
Alternative Uses
Best Use
Apartment 5plus
$982.3K
$859.5K – $1.15M
NOI $68,762 @ 7.0% cap · market cap 7.81%
Second Best
Multifamily LT 5
$665.1K
$582.0K – $776.0K
NOI $46,560 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,164 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Explore this area
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
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 - Legal two-family residence with finished attic, basement, private yard, and detached garage.
Where is this duplex located?
The property is located at 434 Beach 36th Street Queens, NY.
What is the asking price?
The asking price for this property is $879,888.
What are key features of this property?
This property features: Legal two‑family detached property with 2,813 square feet; Four‑level layout with finished attic and full finished basement; Main residence includes 3‑4 bedrooms, eat‑in kitchen, and laundry room
