7-Bedroom Duplex with
For Sale
$1,688,000
20837 15th Drive, Bayside, NY 11360
Two residences provide separate multilevel layouts, with washer and dryer facilities in each unit.
Property Size3,240 SF
Price / SF$520.99
Days on Market9
Property Features for 20837 15th Drive
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,766
Amenities
washer/dryer
Full,Storage Space,Walk-Out Access
Carpet,Ceramic Tile
5
No
Yes
7
Eat-in Kitchen,Entrance Foyer,Granite Counters,Primary Bathroom
Full, Storage Space, Walk-Out Access
Public
Driveway
3240
Building Details
Building Size
3,240 SF
Year Built
1975
Listing Agency:
Howard Hanna Coach
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:41PM
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 Howard Hanna Coach
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Investment Insights
Based on property information with market context.
This standalone duplex contains two residences across 3,240 square feet. The lower unit has four bedrooms and two and one-half bathrooms across three levels; the upper unit has three bedrooms and two full bathrooms across two levels. Both units include washer and dryer facilities, and the property has a garage. Built in 1975, the home also features eat-in kitchens, entrance foyers, granite counters, and primary bathrooms.
The property is in Bayside, with local and express bus service and the Bayside LIRR station accessible nearby. Shopping, restaurants, schools, everyday services, and neighborhood parks are also in the surrounding area.
The property is in Bayside, with local and express bus service and the Bayside LIRR station accessible nearby. Shopping, restaurants, schools, everyday services, and neighborhood parks are also in the surrounding area.
Key Highlights
- Two‑family duplex with 4 bedrooms and 2.5 bathrooms in the lower unit
- Upper residence offers 3 bedrooms and 2 full bathrooms
- 3,240 square feet of living space
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
Multifamily LT 5
$766.1K
$670.3K – $893.8K
NOI $53,627 @ 7.0% cap · market cap 3.18%
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
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Business Placement
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate multilevel layouts, with washer and dryer facilities in each unit.
Where is this duplex 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: Two‑family duplex with 4 bedrooms and 2.5 bathrooms in the lower unit; Upper residence offers 3 bedrooms and 2 full bathrooms; 3,240 square feet of living space
