Brick Two-Family
New
For Sale
$1,299,000
145-61 20th Avenue, Whitestone, NY 11357
Separate living and kitchen areas on both levels are complemented by a finished basement with a family room and bath.
Property Size1,723 SF
Lot Size0.14 Acres
Days on Market3
Property Features for 145-61 20th Avenue
General Information
Standard status
Active
Size
1,723 SF
Total Parking Spaces
1
Lot size
0.14 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,835
Building Details
Building Size
1,723 SF
Year Built
1945
Construction
brick
Listing Agency:
Maureen Folan R E Group LLC
Listed By:
Maureen Ramsbottom
(718) 767-8200
Source:
Barbieliteam
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:49AM
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 Maureen Folan R E Group LLC
Investment Insights
Based on property information with market context.
Built in 1945, this detached brick duplex has two distinct residences. The first-floor unit includes a living room, eat-in kitchen, three bedrooms and a full bath; upstairs, the second unit offers a living room, eat-in kitchen, one bedroom and a full bath. A finished basement adds a family room and bathroom. The property also has gas heat and a one-car garage.
The parcel measures 50 x 123 feet and is located in Whitestone, New York.
The parcel measures 50 x 123 feet and is located in Whitestone, New York.
Key Highlights
- Detached brick two‑family property built in 1945
- 50 x 123‑foot lot in Whitestone, NY
- First‑floor residence has 3 bedrooms, a living room, eat‑in kitchen and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,118
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,360
$842.4K
Cap Rate 7%
$601,686
$601.7K
Cap Rate 9%
$467,978
$468.0K
Market Conditions
NOI Build-Up for 1,723 SF
Gross rent
$79.6K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$76.6K $44.44/SF
− OpEx
−$34.5K −$20.00/SF
NOI
$42.1K $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%
$842,360
Cap Rate 7%
$601,686
Cap Rate 9%
$467,978
Alternative Uses
Best Use
Apartment 5plus
$601.7K
$526.5K – $702.0K
NOI $42,118 @ 7.0% cap · market cap 3.24%
Second Best
Multifamily LT 5
$407.4K
$356.5K – $475.3K
NOI $28,518 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,915 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
Explore this area
Business Placement
Demographics for 11357, NY
42,319
Population
16,586
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
15,114
Density / Sq Mi
$97,754
Median Household Income
$58,814
Median Earnings
$2,228
Median Rent
$920,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living and kitchen areas on both levels are complemented by a finished basement with a family room and bath.
Where is this duplex located?
The property is located at 145-61 20th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Detached brick two‑family property built in 1945; 50 x 123‑foot lot in Whitestone, NY; First‑floor residence has 3 bedrooms, a living room, eat‑in kitchen and full bath
