Two-Story Duplex
For Sale
$1,349,900
2039 150th Street, Whitestone, NY 11357
Two-story duplex with 3 bedrooms and 2 full bathrooms on each floor, delivered vacant for easy showing.
Property Size1,970 SF
Days on Market75
Property Features for 2039 150th Street
General Information
Standard status
Active
Size
1,970 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,702
Building Details
Building Size
1,970 SF
Year Built
1960
Stories
2
Listing Agency:
E Realty International Corp
Listed By:
Edwin Weng · License #10401318390
(917) 213-2132
Source:
Barbieliteam
Added: Jul 7
Changed: Sep 14
Last Checked: Sep 19 at 11:25AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This well-maintained two-story duplex home was built in 1960 and is in excellent condition. The layout offers 3 bedrooms and 2 full bathrooms on each floor, creating a balanced configuration for dual-occupancy living. The property will be delivered vacant and is easy to show, supporting straightforward viewing for prospective buyers.
Situated near a park and a school, the home also provides easy transportation to Flushing downtown, which can help with day-to-day commuting and errands.
With its consistent floor plans and solid condition, the duplex format may appeal to buyers looking for flexible use of a two-level, two-bathroom-per-floor arrangement.
Situated near a park and a school, the home also provides easy transportation to Flushing downtown, which can help with day-to-day commuting and errands.
With its consistent floor plans and solid condition, the duplex format may appeal to buyers looking for flexible use of a two-level, two-bathroom-per-floor arrangement.
Key Highlights
- Built in 1960
- Two‑story duplex in excellent condition
- 3 bedrooms and 2 full bathrooms on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,156
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,120
$963.1K
Cap Rate 7%
$687,943
$687.9K
Cap Rate 9%
$535,067
$535.1K
Market Conditions
NOI Build-Up for 1,970 SF
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.
Gross rent
$91.0K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$87.6K $44.44/SF
− OpEx
−$39.4K −$20.00/SF
NOI
$48.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$963,120
Cap Rate 7%
$687,943
Cap Rate 9%
$535,067
Alternative Uses
Best Use
Apartment 5plus
$687.9K
$602.0K – $802.6K
NOI $48,156 @ 7.0% cap · market cap 3.57%
Second Best
Multifamily LT 5
$465.8K
$407.6K – $543.5K
NOI $32,607 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,661 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with 3 bedrooms and 2 full bathrooms on each floor, delivered vacant for easy showing.
Where is this duplex located?
The property is located at 2039 150th Street Whitestone, NY.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: Built in 1960; Two‑story duplex in excellent condition; 3 bedrooms and 2 full bathrooms on each floor
