Legal Two-Family with Finished
149-49 257th Street, Rosedale, NY 11422
MULTI_FAMILY - Rosedale, NY
Property size:
2,995 SFLot size:
0.07 AcresPrice / SF:
$383/SF- Added:
- Feb 5, 2026
- Days on Market:
- 148
- Last Refresh:
- Jul 3 at 2:06 am
Property Features for 149-49 257th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3
- Interior features
- Entrance Foyer, Master Downstairs
- Standard status
- Active
- Size
- 2,995 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7029
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding, Aluminum
- Roof type
- Asphalt
Listing agent Jermaine Predestin (646) 946-1472
Listing office ARC REAL ESTATE ADVISORS LLC 7 WILLOW TREE DR, MILLSTONE TWP, NY (646) 946-1472
Listing date Feb 5, 2026
MLS# 11643167
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legal two‑family home with interiors featuring an entrance foyer and a master downstairs
- Two 3‑bedroom, 2‑bath units; second unit generates approximately $3,500 in monthly income
- Fully finished basement with separate entrance and a full bath, suited for office or guest suite
- Private driveway and a generous backyard
- Forced‑air natural gas heating; public water; asphalt roof
- Built in 1960 with hardwood flooring and vinyl siding/aluminum construction
Overview
This legal two-family residence offers two separate 3-bedroom, 2-bath units, each providing spacious living accommodations. A fully finished basement includes a separate entrance and a full bath, which can support flexible uses such as an office, guest suite, or additional living space. The property also features a private driveway and a generous backyard, adding useful outdoor space.
Located in Rosedale, Queens, the home at 149-49 257th Street is described as approximately 10 minutes from JFK and minutes from Green Acres Mall and major expressways, supporting convenient commuting and everyday shopping access. The lot size is listed at 0.0666 acres.
For buyers looking to live in one unit while renting the other, the layout supports a straightforward live-and-collect strategy. The second 3-bedroom, 2-bath unit is described as capable of generating approximately $3,500 in monthly income. The seller is also offering a closing cost concession, which may be used toward a rate buydown or to keep funds available after closing. Overall, the configuration and separate basement access can be appealing to owner-occupants and income buyers seeking a two-unit home with added flexibility beyond the main floors.
Located in Rosedale, Queens, the home at 149-49 257th Street is described as approximately 10 minutes from JFK and minutes from Green Acres Mall and major expressways, supporting convenient commuting and everyday shopping access. The lot size is listed at 0.0666 acres.
For buyers looking to live in one unit while renting the other, the layout supports a straightforward live-and-collect strategy. The second 3-bedroom, 2-bath unit is described as capable of generating approximately $3,500 in monthly income. The seller is also offering a closing cost concession, which may be used toward a rate buydown or to keep funds available after closing. Overall, the configuration and separate basement access can be appealing to owner-occupants and income buyers seeking a two-unit home with added flexibility beyond the main floors.
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 | $138.4k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.1k | $44.44 |
| − OpEx | −$59.9k | −$20.00 |
| NOI | $73.2k | $24.44 |
2,995 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$915.1K – $1.22M
NOI $73,211 @ 7.0% cap · market cap 6.37%
Second Best
Multifamily LT 5
$708.2K
$619.7K – $826.2K
NOI $49,572 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,556 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Rosedale
- County
- Queens
- State
- New York
- Longitude
- -73.731855
- Latitude
- 40.651416
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Own one unit and rent the other; both are 3BR/2BA with a finished basement and private driveway.
Where is this duplex located?
The property is located at 149-49 257th Street Rosedale, NY.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: Legal two‑family home with interiors featuring an entrance foyer and a master downstairs; Two 3‑bedroom, 2‑bath units; second unit generates approximately $3,500 in monthly income; Fully finished basement with separate entrance and a full bath, suited for office or guest suite
