Mid-Rise Income
For Sale
$1,688,000
20837 15th Drive, Bayside, NY 11360
The property features central air, baseboard heating, and a driveway.
Property Size3,240 SF
Days on Market15
Property Features for 20837 15th Drive
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$16,766
Amenities
Central Air
Baseboard
Full, Storage Space, Walk-Out Access
Eat-in Kitchen, Entrance Foyer, Granite Counters
Driveway
Mid Rise
Building Details
Building Size
3,240 SF
Year Built
1975
Listed By:
Barbara Chmil CBR
(516) 524-7087
Source:
Evrealestate
Added: Oct 8
Changed: Oct 14
Last Checked: Oct 20 at 8:45PM
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 Barbara Chmil CBR
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Investment Insights
Based on property information with market context.
This mid-rise residential income property was built in 1975. Interior features include an eat-in kitchen with granite counters and an entrance foyer, along with central air and baseboard heating. Full storage space has walk-out access, and a driveway serves the property.
Key Highlights
- Mid‑rise residential property built in 1975
- Driveway
- Central air and baseboard heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,200
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,000
$1.6M
Cap Rate 7%
$1,131,429
$1.1M
Cap Rate 9%
$880,000
$880.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$149.7K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$144.0K $44.44/SF
− OpEx
−$64.8K −$20.00/SF
NOI
$79.2K $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 Rate 5%
$1,584,000
Cap Rate 7%
$1,131,429
Cap Rate 9%
$880,000
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,200 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
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Demographics for 11360, NY
20,039
Population
9,874
Households
2
Avg Household Size
52
Median Age
49%
College-Educated
87%
High-School Grad
1.4 sq mi
ZIP Area
14,314
Density / Sq Mi
$100,250
Median Household Income
$67,810
Median Earnings
$2,329
Median Rent
$692,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property features central air, baseboard heating, and a driveway.
Where is this residential income property located?
The property is located at 20837 15th Drive Bayside, NY.
What is the asking price?
The asking price for this property is $1,688,000.
What are key features of this property?
This property features: Mid‑rise residential property built in 1975; Driveway; Central air and baseboard heating
