Residential Income
For Sale
$1,650,000
Pending
210-24 23rd Avenue, Bayside, NY 11360
The property is near the Bay Terrace Mall, a theater, parks, a school, sports facilities, bus service, and the LIRR.
Property Size2,289 SF
Days on Market9
Property Features for 210-24 23rd Avenue
General Information
Standard status
Pending
Size
2,289 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,000
Amenities
Full
6
No
7
Public
3
Private, Attached, Driveway
Building Details
Year Built
1970
Listing Agency:
RE/MAX Frontier
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:45PM
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 RE/MAX Frontier
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1970 and is located in the Bay Terrace area of Bayside, New York.
Nearby destinations include the Bay Terrace Mall, a theater, parks, a school, and sports facilities. Bus service and an LIRR station are also in the surrounding area.
Nearby destinations include the Bay Terrace Mall, a theater, parks, a school, and sports facilities. Bus service and an LIRR station are also in the surrounding area.
Key Highlights
- Built in 1970
- Near Bay Terrace Mall, a theater, parks, a school, and sports facilities
- Bus service and an LIRR station are nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,953
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,060
$1.1M
Cap Rate 7%
$799,329
$799.3K
Cap Rate 9%
$621,700
$621.7K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$105.8K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.7K $44.44/SF
− OpEx
−$45.8K −$20.00/SF
NOI
$56.0K $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%
$1,119,060
Cap Rate 7%
$799,329
Cap Rate 9%
$621,700
Alternative Uses
Best Use
Apartment 5plus
$799.3K
$699.4K – $932.6K
NOI $55,953 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,123 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - The property is near the Bay Terrace Mall, a theater, parks, a school, sports facilities, bus service, and the LIRR.
Where is this residential income property located?
The property is located at 210-24 23rd Avenue Bayside, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Built in 1970; Near Bay Terrace Mall, a theater, parks, a school, and sports facilities; Bus service and an LIRR station are nearby
