Multifamily Residence with Water
New
For Sale
$1,999,999
23-10 Waters Edge Drive, Bayside, NY 11360
Finished interior space includes hardwood flooring, a first-floor bedroom, and private driveway parking.
Property Size4,616 SF
Price / SF$433.28
Days on Market2
Property Features for 23-10 Waters Edge Drive
General Information
Standard status
Active
Size
4,616 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,845
Amenities
Finished
Hardwood
5
No
Yes
8
Screens
First Floor Bedroom,Eat-in Kitchen,Formal Dining,Granite Counters,Pantry,Storage,Walk-In Closet(s)
Public
Attached, Driveway, Private
4616
Building Details
Building Size
4,616 SF
Year Built
1967
Listing Agency:
BERKSHIRE HATHAWAY
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:18PM
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 BERKSHIRE HATHAWAY
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Investment Insights
Based on property information with market context.
This 4,616-square-foot multifamily residence was built in 1967 and has finished interior space with hardwood flooring. Its layout includes living and dining areas, bedrooms, an eat-in kitchen, formal dining, granite counters, a pantry, storage, and walk-in closets. A first-floor bedroom is also noted, along with attached parking and a private driveway.
The property has seasonal water views and is near parks, shopping, restaurants, schools, major highways, and public transportation.
The property has seasonal water views and is near parks, shopping, restaurants, schools, major highways, and public transportation.
Key Highlights
- 4,616 square feet of property space
- Built in 1967
- Seasonal water views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,835
Cap Rate
5.64%
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 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,208 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Finished interior space includes hardwood flooring, a first-floor bedroom, and private driveway parking.
Where is this multifamily property located?
The property is located at 23-10 Waters Edge Drive Bayside, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 4,616 square feet of property space; Built in 1967; Seasonal water views
