Two-Family Brick Duplex with
147-48 24th Avenue, Whitestone, NY 11357
For Sale
$998,000
Two residential units sit above a finished basement with a separate entrance, alongside a backyard and detached garage.
Property Size1,402 SF
Days on Market60
Property Features for 147-48 24th Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
B Square Realty
Listed By:
Jun Qiu
(917) 322-9711
Source:
Barbieliteam
Added: Sep 10
Changed: Nov 5
Last Checked: Nov 6 at 6:04PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This two-family brick residence dates to 1940 and has two floors, each measuring 680 square feet, with a living room, kitchen, bedroom, and full bathroom. A finished basement has its own separate entrance. The property also includes a backyard and a detached garage with space for 3–4 cars.
The home is in Whitestone, near a supermarket, banks, restaurants, and a park. The location is also described as offering a commute to the city.
The home is in Whitestone, near a supermarket, banks, restaurants, and a park. The location is also described as offering a commute to the city.
Key Highlights
- Two‑family brick building with 680 square feet on each floor
- Finished basement with separate entrance
- Detached garage accommodates 3–4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,271
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,420
$685.4K
Cap Rate 7%
$489,586
$489.6K
Cap Rate 9%
$380,789
$380.8K
Market Conditions
NOI Build-Up for 1,402 SF
Gross rent
$64.8K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$62.3K $44.44/SF
− OpEx
−$28.0K −$20.00/SF
NOI
$34.3K $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%
$685,420
Cap Rate 7%
$489,586
Cap Rate 9%
$380,789
Alternative Uses
Best Use
Apartment 5plus
$489.6K
$428.4K – $571.2K
NOI $34,271 @ 7.0% cap · market cap 3.43%
Second Best
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,205 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.03M
$904.4K – $1.21M
NOI $72,350 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
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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
$920,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Whitestone, NY
Properties on Market for Duplexes in Whitestone
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units sit above a finished basement with a separate entrance, alongside a backyard and detached garage.
Where is this duplex located?
The property is located at 147-48 24th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑family brick building with 680 square feet on each floor; Finished basement with separate entrance; Detached garage accommodates 3–4 cars
