Two-Unit Duplex with
New
For Sale
$1,680,000
161-03 Powells Cove Boulevard, Whitestone, NY 11357
A detached two-family residence offers a private yard, a two-car garage, and additional finished and storage space.
Property Size3,242 SF
Lot Size0.15 Acres
Price / SF$518.20
Days on Market3
Property Features for 161-03 Powells Cove Boulevard
General Information
Standard status
Active
Size
3,242 SF
Total Parking Spaces
2
Lot size
0.15 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,093
Amenities
private yard
fireplace
laundry
playroom
storage areas
Building Details
Building Size
3,242 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Prospes Real Estate Corp
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Source:
Barbieliteam
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:07PM
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 Prospes Real Estate Corp
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Investment Insights
Based on property information with market context.
Built in 1920, this detached two-family property contains approximately 3,242 square feet on a 6,600-square-foot corner lot. The first floor has a kitchen, living room with fireplace, formal dining room, three bedrooms, and one bathroom. The second floor includes a kitchen, three bedrooms, and two bathrooms. A third-floor playroom and three storage areas add flexibility, while the basement contains laundry, utilities, and additional usable space. The property also includes a private yard and a two-car garage.
Shopping centers, supermarkets, restaurants, and neighborhood amenities are nearby. Little Bay Park and Fort Totten Park provide nearby recreation options. Local and express bus service connects the area with Flushing and Manhattan, and major highways are accessible for regional travel.
Shopping centers, supermarkets, restaurants, and neighborhood amenities are nearby. Little Bay Park and Fort Totten Park provide nearby recreation options. Local and express bus service connects the area with Flushing and Manhattan, and major highways are accessible for regional travel.
Key Highlights
- Approximately 3,242 sq. ft. of building space
- 6,600 sq. ft. corner lot
- Two‑family layout with three bedrooms on each of the first two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,249
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,980
$1.6M
Cap Rate 7%
$1,132,129
$1.1M
Cap Rate 9%
$880,544
$880.5K
Market Conditions
NOI Build-Up for 3,242 SF
Gross rent
$149.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$144.1K $44.44/SF
− OpEx
−$64.8K −$20.00/SF
NOI
$79.2K $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%
$1,584,980
Cap Rate 7%
$1,132,129
Cap Rate 9%
$880,544
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$990.6K – $1.32M
NOI $79,249 @ 7.0% cap · market cap 4.72%
Second Best
Multifamily LT 5
$766.6K
$670.8K – $894.3K
NOI $53,660 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,303 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
944
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A detached two-family residence offers a private yard, a two-car garage, and additional finished and storage space.
Where is this duplex located?
The property is located at 161-03 Powells Cove Boulevard Whitestone, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Approximately 3,242 sq. ft. of building space; 6,600 sq. ft. corner lot; Two‑family layout with three bedrooms on each of the first two floors
