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    Rebuilt Two-Family Residence with Garage Title is generated by Realmo AI

    21544 23rd Road, Bayside, NY 11360

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    For Sale
    $1,880,000

    MULTI_FAMILY - Bayside, NY

    Property size:
    4,616 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $407/SF
    Added:
    May 12, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 21544 23rd Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    5
    Rooms
    Bathroom 3, Basement, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 1
    Basement
    Walk-Out Access, Finished
    Standard status
    Active
    APN
    05958-0137
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15496

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    1970
    Number of units
    2
    Building materials
    Aluminum Siding, Brick

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    Yixiong Zheng

    Listing agent Yixiong Zheng

    Listing office RE/MAX 1st Choice 159 Northern Blvd, Great Neck, NY

    Listing date May 12, 2026

    MLS# 998628 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2‑family split‑level home with 4 floors and walk‑in space
    • 2008 house rebuild; originally built in 1970
    • Total living area of 4,616 SF
    • Basement includes a walk‑in area with a separate entry
    • 2‑car garage plus 3 front parking spaces
    • Floor heating with central A/C (ENERGY STAR qualified equipment); natural gas and electric (heating)

    Overview

    This huge two-family residence was rebuilt in 2008 and features a split-level layout designed for flexible living arrangements. A separate entrance basement includes a walk-in space, and the home is supported by solid brick and frame construction. Additional utility includes floor heating and central A/C, along with a fourth floor that includes a walk-in area. Parking is available with a two-car garage and three front parking spaces.

    Located in Bayside, the property is described as being close to Bay Terrace Mall, with bus service nearby.

    For buyers seeking an owner-occupied or income-producing setup, the two-family configuration and separate-entry basement can support privacy and convenient access between levels. The presence of both floor heating and central A/C provides year-round comfort, while the garage and front parking support practical day-to-day use.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $213.3k $46.20
    − Vacancy −$8.1k −$1.76
    EGI $205.2k $44.44
    − OpEx −$92.3k −$20.00
    NOI $112.8k $24.44
    4,616 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,835 @ 7.0% cap · market cap 6.00%
    Second Best
    Multifamily LT 5
    $1.09M
    $955.0K – $1.27M (±1% cap)
    NOI $76,402 @ 7.0% cap · market cap 4.06%
    Theoretical Best
    Office A
    $3.40M
    $2.98M – $3.97M (±1% cap)
    NOI $238,208 @ 7.0% cap · market cap 12.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bayside
    County
    Queens
    State
    New York
    Longitude
    -73.773749
    Latitude
    40.782562

    FAQs

    What type of property is this?
    Duplex - Rebuilt in 2008 with split-level layout, separate-entry basement, and floor heating plus central A/C.
    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: 2‑family split‑level home with 4 floors and walk‑in space; 2008 house rebuild; originally built in 1970; Total living area of 4,616 SF
    More about this property
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