Building Details

Building Size 1,912 SF

Year Built 1988

Buildings 1

Listing Agency: E Realty International Corp

Listed By: Xi Lin Show Phone

Source: Barbieliteam

Added: May 9 Changed: Oct 5 Last Checked: Oct 15 at 7:03AM

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Investment Insights

Based on property information with market context.

This 1988 duplex occupies a 21.5 by 44.5 footprint on a 30 by 100 lot and is arranged with separate access for the second floor, first floor, and finished basement. The upper residence includes three bedrooms, two bathrooms, a master suite, skylight, and balcony. The first-floor unit provides two bedrooms, one bathroom, and direct entry to the attached garage. Below, the finished basement has high ceilings, two rooms, a full bathroom, and laundry facilities.

Separate gas and electric meters serve the two primary units, complemented by dual hot water tanks and furnaces. The property is in Queens District 26, near Northern Blvd and Bell Blvd, with nearby dining and retail. The LIRR Bayside Station and local bus lines are within walking distance.

Key Highlights

• Two‑family layout with separate entrances for the second floor, first floor, and basement
• Upper unit offers 3 bedrooms, 2 bathrooms, a master suite, skylight, and balcony
• First‑floor unit includes 2 bedrooms, 1 bathroom, and attached‑garage access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,738

Cap Rate

2.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$934,760 $934.8K

Cap Rate 7%

$667,686 $667.7K

Cap Rate 9%

$519,311 $519.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,912 SF

Gross rent

$88.3K $46.20/SF

− Vacancy

−$3.4K −$1.76/SF

EGI

$85.0K $44.44/SF

− OpEx

−$38.2K −$20.00/SF

NOI

$46.7K $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%

$934,760

Cap Rate 7%

$667,686

Cap Rate 9%

$519,311

Alternative Uses

Best Use

Apartment 5plus

$667.7K

$584.2K – $779.0K (±1% cap)

NOI $46,738 @ 7.0% cap · market cap 2.94%

Second Best

Multifamily LT 5

$452.1K

$395.6K – $527.5K (±1% cap)

NOI $31,647 @ 7.0% cap · market cap 1.99%

Theoretical Best

Office A

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,668 @ 7.0% cap · market cap 6.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Hotel & Motel Clothing & Fashion Store Storage Facility Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,462

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate utility systems support independent management of the upper and lower residential units.

Where is this duplex located?

The property is located at 206-49 46th Road Bayside, NY.

What is the asking price?

The asking price for this property is $1,588,000.

What are key features of this property?

This property features: Two‑family layout with separate entrances for the second floor, first floor, and basement; Upper unit offers 3 bedrooms, 2 bathrooms, a master suite, skylight, and balcony; First‑floor unit includes 2 bedrooms, 1 bathroom, and attached‑garage access