Brick Duplex with Private
For Sale
$1,500,000
1634 Bell Boulevard, Bayside, NY 11360
Upper- and lower-level residences are complemented by walk-out lower-level space and outdoor areas.
Property Size2,550 SF
Price / SF$588.24
Days on Market19
Property Features for 1634 Bell Boulevard
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,063
Amenities
dishwasher
wall A/C
on-site laundry
balcony
First Floor Bedroom
Building Details
Building Size
2,550 SF
Year Built
1970
Buildings
1
Units
2
Construction
brick
Listing Agency:
Douglas Elliman Real Estate
(718) 631-8900
Listed By:
Janine M. McQueeney · License #40MC1083974
(917) 796-5271
Source:
Croninreale
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 4:22PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 2,550-square-foot brick duplex in Bay Terrace contains two residences: a three-bedroom, 1.5-bath unit above a two-bedroom, 1.5-bath unit. The lower level adds living space with direct access to the backyard. Interior features include wood flooring, formal dining rooms, dishwashers, wall air-conditioning units, and on-site laundry. A balcony and private backyard provide outdoor space, while parking includes a garage, private driveway, and assigned space. The property was built in 1970 and is zoned R5.
The home is part of an HOA community with a pool behind the property; pool use is available at daily rates. Nearby destinations include shopping, dining, and Fort Totten Park, which offers waterfront access, a bicycle path, and outdoor recreation. Express bus service to Manhattan is nearby, along with local transportation to the LIRR and Main Street in Flushing.
The home is part of an HOA community with a pool behind the property; pool use is available at daily rates. Nearby destinations include shopping, dining, and Fort Totten Park, which offers waterfront access, a bicycle path, and outdoor recreation. Express bus service to Manhattan is nearby, along with local transportation to the LIRR and Main Street in Flushing.
Key Highlights
- Two residences: three bedrooms and 1.5 baths above two bedrooms and 1.5 baths
- 2,550 square feet; built in 1970
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,333
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,660
$1.2M
Cap Rate 7%
$890,471
$890.5K
Cap Rate 9%
$692,589
$692.6K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$117.8K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.3K $44.44/SF
− OpEx
−$51.0K −$20.00/SF
NOI
$62.3K $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%
$1,246,660
Cap Rate 7%
$890,471
Cap Rate 9%
$692,589
Alternative Uses
Best Use
Apartment 5plus
$890.5K
$779.2K – $1.04M
NOI $62,333 @ 7.0% cap · market cap 4.16%
Second Best
Multifamily LT 5
$603.0K
$527.6K – $703.5K
NOI $42,207 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,592 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Upper- and lower-level residences are complemented by walk-out lower-level space and outdoor areas.
Where is this duplex located?
The property is located at 1634 Bell Boulevard Bayside, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two residences: three bedrooms and 1.5 baths above two bedrooms and 1.5 baths; 2,550 square feet; built in 1970; R5 zoning
