Duplex With Basement
For Sale
$1,200,000
15714 Baisley Boulevard, Rochdale, NY 11434
Two principal residences offer private primary suites, full bathrooms, and walk-in closets.
Property Size3,591 SF
Days on Market55
Property Features for 15714 Baisley Boulevard
General Information
Standard status
Active
Size
3,591 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,448
Building Details
Building Size
3,591 SF
Year Built
2009
Units
2
Listing Agency:
First Home Realty Group LLC
(718) 725-2555
Listed By:
Konstantin Kakuriyev
(917) 805-4252
Source:
Mydreamhomerealty
Added: Jul 16
Changed: Sep 8
Last Checked: Sep 7 at 11:14AM
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 First Home Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 2009, this two-family property includes two main residences arranged with three bedrooms and two bathrooms each. Both units feature a primary suite with a private full bathroom and walk-in closet. Together with the finished lower level, the home provides seven bedrooms and five full bathrooms.
The finished basement adds a separate one-bedroom apartment with its own private entrance and high ceilings. A distinct additional basement area provides space for storage, recreation, a home office, or personal use. The property sits across from Baisley Pond Park and is located minutes from JFK Airport, major highways, public transportation, shopping, schools, and everyday services.
The finished basement adds a separate one-bedroom apartment with its own private entrance and high ceilings. A distinct additional basement area provides space for storage, recreation, a home office, or personal use. The property sits across from Baisley Pond Park and is located minutes from JFK Airport, major highways, public transportation, shopping, schools, and everyday services.
Key Highlights
- Two‑family layout with 3‑bedroom, 2‑bathroom units over 3‑bedroom, 2‑bathroom units
- Seven bedrooms and five full bathrooms across the property
- Finished basement includes a separate one‑bedroom apartment with private entrance
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
$87,780
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
7.32%
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%
$1,755,600
$1.8M
Cap Rate 7%
$1,254,000
$1.3M
Cap Rate 9%
$975,333
$975.3K
Market Conditions
NOI Build-Up for 3,591 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
$165.9K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$159.6K $44.44/SF
− OpEx
−$71.8K −$20.00/SF
NOI
$87.8K $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%
$1,755,600
Cap Rate 7%
$1,254,000
Cap Rate 9%
$975,333
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,780 @ 7.0% cap · market cap 7.32%
Second Best
Multifamily LT 5
$849.1K
$743.0K – $990.6K
NOI $59,437 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,313 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two principal residences offer private primary suites, full bathrooms, and walk-in closets.
Where is this duplex located?
The property is located at 15714 Baisley Boulevard Rochdale, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family layout with 3‑bedroom, 2‑bathroom units over 3‑bedroom, 2‑bathroom units; Seven bedrooms and five full bathrooms across the property; Finished basement includes a separate one‑bedroom apartment with private entrance
