Duplex with Private
20920 23rd Ave, Bayside, NY 11360
For Sale
$1,690,000
Renovated in 2019, the property offers matching upper-level residences and access to neighborhood retail and bus service.
Property Size3,265 SF
Lot Size0.09 Acres
Price / SF$517.61
Days on Market82
Property Features for 20920 23rd Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Sany Realty Group LLC
Listed By:
Ren Wang
(718) 799-0726
Source:
Searchhomesinlongisland
Added: Aug 19
Changed: Nov 8
Last Checked: Aug 25 at 7:44AM
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 Sany Realty Group LLC
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Investment Insights
Based on property information with market context.
This Bayside duplex contains approximately 3,265 square feet on a 40-by-101-foot lot. Renovated in 2019, it has a private driveway and two residential levels, each with three bedrooms, two full bathrooms, and two living areas. The property is being sold as is, with vacant delivery possible.
Bay Terrace Shopping Center, AMC Theatres, Stop & Shop, Starbucks, Dunkin’, USPS, restaurants, cafés, and other shops are nearby. Q13 and Q28 bus service provides access to Flushing, while the QM20 offers express service to Midtown Manhattan.
Bay Terrace Shopping Center, AMC Theatres, Stop & Shop, Starbucks, Dunkin’, USPS, restaurants, cafés, and other shops are nearby. Q13 and Q28 bus service provides access to Flushing, while the QM20 offers express service to Midtown Manhattan.
Key Highlights
- Approximately 3,265 square feet on a 40 x 101 lot
- Each of the second and third floors has 3 bedrooms, 2 full bathrooms, and 2 living areas
- Renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.72%
Second Best
Multifamily LT 5
$772.0K
$675.5K – $900.7K
NOI $54,041 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 9.97%
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
787
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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Market
Properties on Market for Duplexes in Bayside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated in 2019, the property offers matching upper-level residences and access to neighborhood retail and bus service.
Where is this duplex located?
The property is located at 20920 23rd Ave Bayside, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Approximately 3,265 square feet on a 40 x 101 lot; Each of the second and third floors has 3 bedrooms, 2 full bathrooms, and 2 living areas; Renovated in 2019
