Three-Unit Triplex with
For Sale
$1,699,888
154-61 20th Avenue, Whitestone, NY 11357
Three distinct apartments are arranged across three levels, with a private driveway and attached one-car garage.
Property Size4,455 SF
Price / SF$381.57
Days on Market10
Property Features for 154-61 20th Avenue
General Information
Standard status
Active
Size
4,455 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,865
Amenities
in-ground pool
patio
3
No
Yes
5
First Floor Bedroom,Eat-in Kitchen,Formal Dining,Marble Counters
Public
1
Attached
4455
Building Details
Building Size
4,455 SF
Year Built
1970
Stories
3
Listing Agency:
Keller Williams Rlty Landmark
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This three-unit residential property has one apartment on the first floor and a two-bedroom apartment on each of the upper levels. The first-floor unit includes a bedroom, kitchen, living room, and bathroom. Each upper apartment has two bedrooms, a kitchen, living room, separate dining area, and bathroom. One upper-level apartment also includes an enclosed room opening to a patio with access to the backyard.
The property includes two separate boilers, a private driveway, and an attached one-car garage. An in-ground pool occupies the backyard, which also provides space for gatherings.
The property includes two separate boilers, a private driveway, and an attached one-car garage. An in-ground pool occupies the backyard, which also provides space for gatherings.
Key Highlights
- Three separate apartments across three levels
- First‑floor unit has one bedroom; each upper apartment has two bedrooms
- Two separate boilers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,900
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,000
$2.2M
Cap Rate 7%
$1,555,714
$1.6M
Cap Rate 9%
$1,210,000
$1.2M
Market Conditions
NOI Build-Up for 4,455 SF
Gross rent
$205.8K $46.20/SF
− Vacancy
−$7.8K −$1.76/SF
EGI
$198.0K $44.44/SF
− OpEx
−$89.1K −$20.00/SF
NOI
$108.9K $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%
$2,178,000
Cap Rate 7%
$1,555,714
Cap Rate 9%
$1,210,000
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,900 @ 7.0% cap · market cap 6.41%
Second Best
Multifamily LT 5
$1.05M
$921.7K – $1.23M
NOI $73,737 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,899 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,671
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct apartments are arranged across three levels, with a private driveway and attached one-car garage.
Where is this triplex located?
The property is located at 154-61 20th Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $1,699,888.
What are key features of this property?
This property features: Three separate apartments across three levels; First‑floor unit has one bedroom; each upper apartment has two bedrooms; Two separate boilers
