Duplex with Finished
New
For Sale
$1,698,000
23-41 Corporal Kennedy Street, Bayside, NY 11360
Legal two-family layout includes separate living and formal dining rooms on each floor.
Property Size3,265 SF
Lot Size0.07 Acres
Price / SF$520.06
Days on Market3
Property Features for 23-41 Corporal Kennedy Street
General Information
Standard status
Active
Size
3,265 SF
Lot size
0.07 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,883
Building Details
Building Size
3,265 SF
Year Built
1975
Listing Agency:
Prospes Real Estate Corp
Listed By:
Huanyan Li · License #10401267841
(347) 885-8668
Source:
Barbieliteam
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 9:02PM
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 Prospes Real Estate Corp
Investment Insights
Based on property information with market context.
Built in 1975, this legal two-family property contains approximately 3,265 square feet of living space on a 3,193-square-foot lot. The first floor has two bedrooms and one full bath; the upper levels are described with three bedrooms and two full baths each. Living and formal dining rooms are provided on each floor, and the finished basement includes one bath.
A two-car garage and private driveway provide off-street parking. The property is on Corporal Kennedy Street in Bayside, near schools, parks, shops, restaurants, public transportation, and major roadways.
A two-car garage and private driveway provide off-street parking. The property is on Corporal Kennedy Street in Bayside, near schools, parks, shops, restaurants, public transportation, and major roadways.
Key Highlights
- Legal two‑family property with approximately 3,265 square feet of living space
- 3,193‑square‑foot lot
- First floor has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.70%
Second Best
Multifamily LT 5
$772.0K
$675.5K – $900.7K
NOI $54,041 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family layout includes separate living and formal dining rooms on each floor.
Where is this duplex located?
The property is located at 23-41 Corporal Kennedy Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Legal two‑family property with approximately 3,265 square feet of living space; 3,193‑square‑foot lot; First floor has 2 bedrooms and 1 full bath
