Detached Duplex with
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
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Basement, Dining Room, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 5
Parking features
Driveway, Garage
Interior features
Formal Dining, Primary Bathroom, Storage
Fireplace
1
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
playroom
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
Changed: Oct 15
Last Checked: Oct 15 at 6:06PM
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.
At 161-03 Powells Cove Boulevard, this detached frame duplex has two kitchens and six bedrooms across its first and second floors. The first-floor plan includes a living room with a fireplace and a formal dining room; the second floor has two bathrooms. A third-floor playroom and storage areas add usable interior space, while the basement contains laundry, utilities, and additional flexible space. A private yard and two-car garage are also part of the property.
The home occupies a corner lot of 0.1515 acres and was built in 1920. Nearby shopping, supermarkets, restaurants, parks, and waterfront recreation serve the surrounding area. Local and express buses connect with Flushing and Manhattan, and major highways are accessible nearby.
The home occupies a corner lot of 0.1515 acres and was built in 1920. Nearby shopping, supermarkets, restaurants, parks, and waterfront recreation serve the surrounding area. Local and express buses connect with Flushing and Manhattan, and major highways are accessible nearby.
Key Highlights
- Detached two‑family home with two kitchens and six bedrooms
- 0.1515‑acre corner lot with a private yard
- Two‑car garage
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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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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 - The two-family layout provides separate kitchens, six bedrooms, and a private yard.
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 two kitchens and six bedrooms; 0.1515‑acre corner lot with a private yard; Two‑car garage
