Duplex with Walk-Out
For Sale
$1,880,000
21544 23rd Road, Bayside, NY 11360
The residence includes a two-car garage, three front parking spaces, radiant floor heating, and central air conditioning.
Property Size4,616 SF
Price / SF$407.28
Days on Market9
Property Features for 21544 23rd Road
General Information
Standard status
Active
Size
4,616 SF
Total Parking Spaces
5
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,495
Amenities
floor heating
center A/C
Finished,Walk-Out Access
5
Yes
7
Other
Finished, Walk-Out Access
No
Private
4616
Building Details
Building Size
4,616 SF
Year Built
1970
Year Renovated
2008
Buildings
1
Stories
4
Construction
brick and frame
Listing Agency:
RE/MAX 1st Choice
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:01PM
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 1st Choice
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Investment Insights
Based on property information with market context.
This duplex offers 4,616 square feet of living area across a split-level layout described as four floors. The home was rebuilt in 2008 and has solid brick and frame construction. A separate-entry, finished walk-out basement adds additional space. Heating is provided by radiant floors, with central air conditioning for cooling.
The property is near Bay Terrace Mall and bus service. On-site parking includes a two-car garage and three spaces in front.
The property is near Bay Terrace Mall and bus service. On-site parking includes a two-car garage and three spaces in front.
Key Highlights
- 4,616 square feet of living area
- Rebuilt in 2008; original year built listed as 1970
- Finished, walk‑out basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,835
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,256,700
$2.3M
Cap Rate 7%
$1,611,929
$1.6M
Cap Rate 9%
$1,253,722
$1.3M
Market Conditions
NOI Build-Up for 4,616 SF
Gross rent
$213.3K $46.20/SF
− Vacancy
−$8.1K −$1.76/SF
EGI
$205.2K $44.44/SF
− OpEx
−$92.3K −$20.00/SF
NOI
$112.8K $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%
$2,256,700
Cap Rate 7%
$1,611,929
Cap Rate 9%
$1,253,722
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,835 @ 7.0% cap · market cap 6.00%
Second Best
Multifamily LT 5
$1.09M
$955.0K – $1.27M
NOI $76,402 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,208 @ 7.0% cap · market cap 12.67%
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
792
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes a two-car garage, three front parking spaces, radiant floor heating, and central air conditioning.
Where is this duplex located?
The property is located at 21544 23rd Road Bayside, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: 4,616 square feet of living area; Rebuilt in 2008; original year built listed as 1970; Finished, walk‑out basement with separate entrance
