Duplex with Finished
For Sale
$1,618,000
206-49 46th Road, Bayside, NY 11361
Two separate utility systems support independent management of the upper and lower residential units.
Property Size1,912 SF
Lot Size0.07 Acres
Days on Market114
Property Features for 206-49 46th Road
General Information
Standard status
Active
Size
1,912 SF
Lot size
0.07 Acres
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,752
Amenities
skylight
balcony
laundry facilities
attached garage
Building Details
Building Size
1,912 SF
Year Built
1988
Buildings
1
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Xi Lin
Source:
Barbieliteam
Added: May 9
Changed: Aug 29
Last Checked: Aug 29 at 4:02PM
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 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.
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 = 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
$46,738
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
2.89%
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%
$934,760
$934.8K
Cap Rate 7%
$667,686
$667.7K
Cap Rate 9%
$519,311
$519.3K
Market Conditions
NOI Build-Up for 1,912 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
$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 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%
$934,760
Cap Rate 7%
$667,686
Cap Rate 9%
$519,311
Alternative Uses
Best Use
Apartment 5plus
$667.7K
$584.2K – $779.0K
NOI $46,738 @ 7.0% cap · market cap 2.89%
Second Best
Multifamily LT 5
$452.1K
$395.6K – $527.5K
NOI $31,647 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,668 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $1,618,000.
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
