Spacious Bayside Two-Family
203-55 27th Avenue Bayside, NY 11360
203-55 27th Avenue, Bayside, NY, 11360
$1,890,000
Pending
For Sale
$1,890,000
Pending
MULTI_FAMILY - Colonial - Bayside, NY
Property Size3,250 SF
Lot Size0.12 Acres
Days on Market68
Property Features for 203-55 27th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Basement, Bedroom 6, Bathroom 1, Bedroom 5
- Parking
- 6
- Parking features
- Garage
- Interior features
- Recessed Lighting
- Fencing
- Chain Link
- Basement
- Finished, Walk-Out Access
- Standard status
- Pending
- APN
- 05975-0068
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16350
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency
Tapestry Real Estate of Queens
(718) 460-1943
199-17 32nd Ave, Flushing, NY
Listed by
Kevin M. OConnell
(917) 584-3983
Added: May 11 Checked: Jul 17 at 4:06 am
MLS# 997709
Listing URL
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 two-family residence is located in the Bayside neighborhood. The property, owned by the original family since 1960, offers approximately 3,250 square feet of living space. The building measures 26 x 50 and is set on a 50 x 103 lot (0.1187 acres). Each apartment features approximately 1,300 square feet of living space with 3 bedrooms and 2 baths. The primary bedrooms include an ensuite bath. Constructed with brick exterior walls, the home offers durability and insulation. The property includes a full basement with front and rear access, a 1/2 bath, separate zoned heating, and gas hot-water heating. Additional features include an attached two-car garage and south-facing exposure. The property offers layout potential for end-users, multi-generational living, or long-term investment value.
Key Highlights
- Oversized two‑family residence with approximately 3,250 SF of living space and a 26 x 50 building.
- Two apartments; each unit has 3 bedrooms and 2 baths, with primary bedrooms featuring an ensuite bath.
- Set on a 50 x 103 lot with a full basement that has both front and rear access.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.2k | $46.20 |
| − Vacancy | −$5.7k | −$1.76 |
| EGI | $144.4k | $44.44 |
| − OpEx | −$65.0k | −$20.00 |
| NOI | $79.4k | $24.44 |
3,250 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$993.1K – $1.32M
NOI $79,444 @ 7.0% cap · market cap 4.20%
Second Best
Multifamily LT 5
$768.5K
$672.4K – $896.6K
NOI $53,793 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,716 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Large two-family home in Bayside's sought-after 'Athletic Field' neighborhood.
Where is this duplex located?
The property is located at 203-55 27th Avenue Bayside, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Oversized two‑family residence with approximately 3,250 SF of living space and a 26 x 50 building.; Two apartments; each unit has 3 bedrooms and 2 baths, with primary bedrooms featuring an ensuite bath.; Set on a 50 x 103 lot with a full basement that has both front and rear access.
