Duplex with Private
16-16 215th Street, Bayside, NY 11360
For Sale
New
$1,375,000
Each residence offers three bedrooms, two full bathrooms, and a separate entrance.
Property Size3,400 SF
Lot Size0.07 Acres
Days on Market5
Property Features for 16-16 215th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
full basement
large backyard
attached garage
private entrance
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Carmela Homes Corp
Listed By:
Carmela Vlacich · License NY 4OVL0647854
(917) 882-4238
Source:
Barbieliteam
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:39PM
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 Carmela Homes Corp
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Investment Insights
Based on property information with market context.
This two-family duplex has two split-level residences, each arranged with three bedrooms and two full bathrooms. Both units include an open kitchen, living, and dining area. The first-floor residence also connects to the backyard and basement and requires complete interior renovation. The property is being sold as-is. A full basement, backyard, attached one-car garage, and outdoor parking for at least two additional vehicles are included. The lot measures 32 x 100, and the building measures 23 x 54; zoning is R5.
The property is in Bayside, near Bay Terrace Shopping Center, parks, schools, restaurants, and other shopping. MTA bus routes Q13 and Q31 and express routes QM2 and QM3 provide transit options. Nearby roadways include the Clearview Expressway, Cross Island Parkway, Long Island Expressway, and Grand Central Parkway.
The property is in Bayside, near Bay Terrace Shopping Center, parks, schools, restaurants, and other shopping. MTA bus routes Q13 and Q31 and express routes QM2 and QM3 provide transit options. Nearby roadways include the Clearview Expressway, Cross Island Parkway, Long Island Expressway, and Grand Central Parkway.
Key Highlights
- Two residences, each with 3 bedrooms, 2 full baths, and a private entrance
- First‑floor unit requires a complete gut renovation; property is sold as‑is
- 32 x 100 lot; building measures 23 x 54
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,017
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,340
$1.7M
Cap Rate 7%
$1,200,243
$1.2M
Cap Rate 9%
$933,522
$933.5K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$130.6K $38.40/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$120.0K $35.30/SF
− OpEx
−$36.0K −$10.59/SF
NOI
$84.0K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,340
Cap Rate 7%
$1,200,243
Cap Rate 9%
$933,522
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,017 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,111 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,456 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Bayside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two full bathrooms, and a separate entrance.
Where is this duplex located?
The property is located at 16-16 215th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 full baths, and a private entrance; First‑floor unit requires a complete gut renovation; property is sold as‑is; 32 x 100 lot; building measures 23 x 54
