New
For Sale
$1,850,000
15-40 215th Street, Bayside, NY 11360
The 1980-built property offers a three-unit configuration for residential rental use.
Property Size2,899 SF
Price / SF$638.15
Days on Market6
Property Features for 15-40 215th Street
General Information
Standard status
Active
Size
2,899 SF
Property subtype
Residential Income
Additional Details
Gross Income
$54,000
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$16,896
Amenities
Children's Playroom
Dog Park
Golf Course
Parking
Recreation Facilities
Gas Stove
First Floor Bedroom
First Floor Full Bath
Built-in Features
Crown Molding
Eat-in Kitchen
Entrance Foyer
Formal Dining
Granite Counters
High Speed Internet
His and Hers Closets
In-Law Floorplan
Natural Woodwork
Pantry
Quartz/Quartzite Counters
Smart Thermostat
Storage
Walk-In Closet(s)
Washer/Dryer Hookup
Balcony
Courtyard
Dog Run
Garden
Mailbox
Tennis Court(s)
Building Details
Building Size
2,899 SF
Year Built
1980
Units
2
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Rosy Chalif CBR
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:07AM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This residential triplex at 15-40 215th Street in Bayside contains 2,899 square feet and was built in 1980. The property is described as maintained, with its systems in working order.
Key Highlights
- Triplex configuration
- 2,899 square feet
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,864
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,417,280
$1.4M
Cap Rate 7%
$1,012,343
$1.0M
Cap Rate 9%
$787,378
$787.4K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$133.9K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.8K $44.44/SF
− OpEx
−$58.0K −$20.00/SF
NOI
$70.9K $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%
$1,417,280
Cap Rate 7%
$1,012,343
Cap Rate 9%
$787,378
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.8K – $1.18M
NOI $70,864 @ 7.0% cap · market cap 3.83%
Second Best
Multifamily LT 5
$685.5K
$599.8K – $799.7K
NOI $47,983 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,602 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
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Business Placement
Demographics for 11360, NY
20,039
Population
9,874
Households
2
Avg Household Size
52
Median Age
49%
College-Educated
87%
High-School Grad
1.4 sq mi
ZIP Area
14,314
Density / Sq Mi
$100,250
Median Household Income
$67,810
Median Earnings
$2,329
Median Rent
$692,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The 1980-built property offers a three-unit configuration for residential rental use.
Where is this triplex located?
The property is located at 15-40 215th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Triplex configuration; 2,899 square feet; Built in 1980
