Legal Two-Family
150-78 15th Drive Whitestone, NY 11357
150-78 15th Drive, Whitestone, NY, 11357
$1,025,000
For Sale
$1,025,000
MULTI_FAMILY - Whitestone, NY
Property Size1,534 SF
Lot Size0.05 Acres
Price / SF$668.19
Days on Market149
Property Features for 150-78 15th Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,534 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8732
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Building materials
- Brick, Aluminum
Listing agency
Carollo Realty & Management
Listed by
Anthony Carollo · License #31CA0944140
Added: Feb 22 Updated: Jul 16 at 10:24PM Checked: Jul 21 at 10:06AM
MLS# 11660907
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.
Investment Insights
Based on property information with market context.
This legal two-family home includes two separate units. Unit #2 spans floors 2 and 3 and offers an eat-in kitchen, dining room, living room, three bedrooms, and 1.5 bathrooms. Unit #1 is on the first floor and is configured as a spacious studio with a large closet and granite countertops.
The property also features a private driveway and a fenced backyard. It is described as conveniently located to public transportation, shopping, and neighborhood amenities.
With a compact lot size and total building size provided, the overall offering is a residential income property suitable for buyers seeking a two-unit rental configuration in Whitestone.
The property also features a private driveway and a fenced backyard. It is described as conveniently located to public transportation, shopping, and neighborhood amenities.
With a compact lot size and total building size provided, the overall offering is a residential income property suitable for buyers seeking a two-unit rental configuration in Whitestone.
Key Highlights
- Legal two‑family home (Whitestone) built in 1950 with two separate units
- Unit #2 (floors 2 and 3): eat‑in kitchen, dining room, living room, 3 bedrooms, and 1.5 baths
- Unit #1 (1st floor): studio with large closet and granite countertops
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 | $70.9k | $46.20 |
| − Vacancy | −$2.7k | −$1.76 |
| EGI | $68.2k | $44.44 |
| − OpEx | −$30.7k | −$20.00 |
| NOI | $37.5k | $24.44 |
1,534 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$535.7K
$468.7K – $625.0K
NOI $37,498 @ 7.0% cap · market cap 3.66%
Second Best
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,390 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.13M
$989.5K – $1.32M
NOI $79,162 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal two-family residence offering a first-floor studio and a second- and third-floor unit with three bedrooms.
Where is this duplex located?
The property is located at 150-78 15th Drive Whitestone, NY.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Legal two‑family home (Whitestone) built in 1950 with two separate units; Unit #2 (floors 2 and 3): eat‑in kitchen, dining room, living room, 3 bedrooms, and 1.5 baths; Unit #1 (1st floor): studio with large closet and granite countertops
