Duplex with Finished
For Sale
$1,760,000
202-45 Rocky Hill Road, Bayside, NY 11361
Two-family layout includes a detached garage, driveway, finished attic, and outdoor deck.
Property Size3,780 SF
Price / SF$465.61
Days on Market9
Property Features for 202-45 Rocky Hill Road
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$11,000
Amenities
Finished
Wood
5
Yes
4
Built-in Features,Eat-in Kitchen,Granite Counters,Kitchen Island,Open Kitchen,Washer/Dryer Hookup
Electric,Living Room
No
Public
Detached
Building Details
Year Built
1925
Listing Agency:
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:34PM
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 Josephine Nicolosi
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Investment Insights
Based on property information with market context.
This duplex offers 3,780 square feet across a two-family layout, with a finished basement and finished walk-up attic. The first-floor living room has a fireplace, and the kitchen features an island, granite counters, and eat-in space. A sliding glass door opens from the first floor to a rear deck. The property was completed in December 2019, although the listed year built is 1925; the conflicting dates are omitted.
A detached two-car garage and long driveway provide on-site parking. The separate private entrance serves the two-family configuration. Additional interior features include built-in cabinetry and washer/dryer hookups.
A detached two-car garage and long driveway provide on-site parking. The separate private entrance serves the two-family configuration. Additional interior features include built-in cabinetry and washer/dryer hookups.
Key Highlights
- Two‑family duplex configuration
- 3,780 square feet of property size
- Finished basement with bathroom and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,400
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,000
$1.8M
Cap Rate 7%
$1,320,000
$1.3M
Cap Rate 9%
$1,026,667
$1.0M
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$174.6K $46.20/SF
− Vacancy
−$6.6K −$1.76/SF
EGI
$168.0K $44.44/SF
− OpEx
−$75.6K −$20.00/SF
NOI
$92.4K $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%
$1,848,000
Cap Rate 7%
$1,320,000
Cap Rate 9%
$1,026,667
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,400 @ 7.0% cap · market cap 5.25%
Second Best
Multifamily LT 5
$893.8K
$782.1K – $1.04M
NOI $62,565 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,066 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,777
Businesses Nearby
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Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
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 - Two-family layout includes a detached garage, driveway, finished attic, and outdoor deck.
Where is this duplex located?
The property is located at 202-45 Rocky Hill Road Bayside, NY.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: Two‑family duplex configuration; 3,780 square feet of property size; Finished basement with bathroom and shower
