Detached Two-Family
New
For Sale
$1,680,000
161-03 Powells Cove Boulevard, Whitestone, NY 11357
Residential Income, Whitestone, NY
Property Size3,242 SF
Lot Size0.15 Acres
Price / SF$518.20
Days on Market2
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Property Features for 161-03 Powells Cove Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Basement
Parking features
Garage, Driveway
Interior features
Formal Dining, Primary Bathroom, Storage
Basement
Full
Elementary school
Ps 193 Alfred J Kennedy
Middle school
Jhs 194 William Carr
High school
Bayside High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 26
Standard status
Active
APN
04574-0035
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14093
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fireplace
private yard
laundry facilities
Building Details
Year built
1920
Number of units
2
Building materials
Frame
Additional Structures
Storage
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Added: Oct 14
Last Checked: Oct 15 at 2:06PM
MLS# 1062273
Copyright © 2026 OneKey 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 detached frame duplex, built in 1920, contains approximately 3,242 square feet on a 6,600-square-foot corner parcel. Its first level includes a kitchen, living room with fireplace, sitting room, formal dining room, foyer, and half bath. Three bedrooms, two bathrooms, and another kitchen occupy the second floor; the upper level adds a playroom and three storage areas. Laundry, utilities, and additional flexible space are located in the basement. A private yard and two-car garage complete the property.
At 161-03 Powells Cove Boulevard in Whitestone, the home is near shopping centers, supermarkets, restaurants, Little Bay Park, and Fort Totten Park. Local and express buses connect with Flushing and Manhattan, and major highways are accessible nearby.
At 161-03 Powells Cove Boulevard in Whitestone, the home is near shopping centers, supermarkets, restaurants, Little Bay Park, and Fort Totten Park. Local and express buses connect with Flushing and Manhattan, and major highways are accessible nearby.
Key Highlights
- Detached two‑family home with approximately 3,242 sq. ft. of building space
- 6,600 sq. ft. corner lot, approximately 0.1515 acres
- First floor has a kitchen, living room with fireplace, sitting room, formal dining room, foyer, and half bath
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
735
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas, a private yard, and garage parking complement this frame residence.
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: Detached two‑family home with approximately 3,242 sq. ft. of building space; 6,600 sq. ft. corner lot, approximately 0.1515 acres; First floor has a kitchen, living room with fireplace, sitting room, formal dining room, foyer, and half bath
