Duplex with Detached 2-Car
For Sale
$1,299,000
Pending
150-35 11th Avenue, Whitestone, NY 11357
Duplex on an oversized lot with a private driveway, detached 2-car garage, and a full finished basement with separate yard entrance.
Property Size2,120 SF
Lot Size0.19 Acres
Days on Market53
Property Features for 150-35 11th Avenue
General Information
Standard status
Pending
Size
2,120 SF
Total Parking Spaces
2
Lot size
0.19 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,328
Building Details
Building Size
2,120 SF
Year Built
1935
Buildings
2
Stories
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Laura Copersino SFR GRI · License #10301200551
(718) 757-7955
Source:
Barbieliteam
Added: Jul 24
Changed: Sep 3
Last Checked: Sep 13 at 11:40AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Duplex on an oversized lot featuring a detached 2-car garage reached by a long private driveway. The home was built in 1935 and offers two levels of living space plus a full finished basement. On the first floor, there are 5 rooms and a full bath. The second floor includes 3.5 rooms and a full bath.
The full finished basement has high ceilings, a laundry area, utilities, and a bath, along with a separate outside entrance to the yard. Lot size is a major feature at 50' x 169.58' (8,478 sq. ft.), providing room for potential expansion, renovation, or new construction subject to applicable approvals.
Conveniently located near shopping centers and bus service, with local buses to Main Street and express buses to Manhattan.
The full finished basement has high ceilings, a laundry area, utilities, and a bath, along with a separate outside entrance to the yard. Lot size is a major feature at 50' x 169.58' (8,478 sq. ft.), providing room for potential expansion, renovation, or new construction subject to applicable approvals.
Conveniently located near shopping centers and bus service, with local buses to Main Street and express buses to Manhattan.
Key Highlights
- Oversized lot: 50' x 169.58' (8,478 sq. ft.)
- Private, long driveway to a detached 2‑car garage
- Full finished basement with high ceilings, laundry area, utilities, bath
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
$51,822
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
3.99%
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%
$1,036,440
$1.0M
Cap Rate 7%
$740,314
$740.3K
Cap Rate 9%
$575,800
$575.8K
Market Conditions
NOI Build-Up for 2,120 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
$97.9K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.2K $44.44/SF
− OpEx
−$42.4K −$20.00/SF
NOI
$51.8K $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%
$1,036,440
Cap Rate 7%
$740,314
Cap Rate 9%
$575,800
Alternative Uses
Best Use
Apartment 5plus
$740.3K
$647.8K – $863.7K
NOI $51,822 @ 7.0% cap · market cap 3.99%
Second Best
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,663
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex on an oversized lot with a private driveway, detached 2-car garage, and a full finished basement with separate yard entrance.
Where is this duplex located?
The property is located at 150-35 11th 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: Oversized lot: 50' x 169.58' (8,478 sq. ft.); Private, long driveway to a detached 2‑car garage; Full finished basement with high ceilings, laundry area, utilities, bath
