Two-Unit Brick
New
For Sale
$1,225,000
Pending
210-17 42nd Avenue, Bayside, NY 11361
Separate gas and electric meters serve the two residences, which share a single heating system.
Property Size1,732 SF
Days on Market4
Property Features for 210-17 42nd Avenue
General Information
Standard status
Pending
Size
1,732 SF
Property subtype
Residential Income
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$9,557
Amenities
built-in cedar closet
manicured backyard
See Remarks
2
Yes
3
First Floor Bedroom,First Floor Full Bath,Formal Dining,Storage
Public
No
Other
1732
Building Details
Building Size
1,732 SF
Year Built
1955
Buildings
1
Stories
2
Construction
brick
Listing Agency:
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:05PM
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 Sooyeon (Kelly) Moon
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences: a first-floor apartment with one bedroom and one bathroom, and an upstairs apartment with two bedrooms and one bathroom. Both floors have backyard access. The property also includes a basement with a built-in cedar closet, a one-car garage, and driveway parking. One heating system serves the building, with two gas meters and two electric meters.
The home is three blocks from the LIRR and minutes from Bell Boulevard, Northern Boulevard, shopping, dining, and major highways. It is within School District 26.
The home is three blocks from the LIRR and minutes from Bell Boulevard, Northern Boulevard, shopping, dining, and major highways. It is within School District 26.
Key Highlights
- Two apartments: one‑bedroom/one‑bath first‑floor unit and two‑bedroom/one‑bath second‑floor unit
- Two gas meters and two electric meters; one shared heating system
- One‑car garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,338
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,760
$846.8K
Cap Rate 7%
$604,829
$604.8K
Cap Rate 9%
$470,422
$470.4K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$80.0K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$77.0K $44.44/SF
− OpEx
−$34.6K −$20.00/SF
NOI
$42.3K $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%
$846,760
Cap Rate 7%
$604,829
Cap Rate 9%
$470,422
Alternative Uses
Best Use
Apartment 5plus
$604.8K
$529.2K – $705.6K
NOI $42,338 @ 7.0% cap · market cap 3.46%
Second Best
Multifamily LT 5
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,380 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,722
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two residences, which share a single heating system.
Where is this duplex located?
The property is located at 210-17 42nd Avenue Bayside, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two apartments: one‑bedroom/one‑bath first‑floor unit and two‑bedroom/one‑bath second‑floor unit; Two gas meters and two electric meters; one shared heating system; One‑car garage and driveway parking
