Brick Multifamily
For Sale
$1,720,000
2322 Parsons Blvd, Whitestone, NY 11357
Residential Income, Whitestone, NY
Property Size3,564 SF
Lot Size34.42 Acres
Price / SF$482.60
Days on Market122
Property Features for 2322 Parsons Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 7, Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Laundry Room, Bedroom 5, Bedroom 2
Interior features
Walk-In Closet(s)
Subdivision
Whitestone
Directions
Parsons Blvd & 23 Ave
Standard status
Active
Size
3,564 SF
Lot size
34.42 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13952
Utilities
Heating system
Hot Water(Heating), Zoned, Natural Gas
Water source
Public
Amenities
balcony
Manhattan view
Building Details
Year built
1975
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
EAST COAST NEW YORK
(718) 428-2900
Listed By:
Kyung S Park
(917) 974-0992
Added: Jun 30
Changed: Oct 28
Last Checked: Oct 29 at 1:06PM
MLS# 11863408
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-level multifamily property contains 3,564 square feet and was built in 1975 with brick construction, hardwood floors, asphalt roofing, public water, and zoned natural-gas hot-water heating. The first floor includes a family room and one bathroom, while the finished basement provides additional ground-level space. The upper levels each offer three bedrooms, two bathrooms, and a balcony, creating a substantial residential configuration across the building.
The property includes a two-car driveway and is positioned near bus service, shopping, and the Cross Island Parkway in Whitestone. Additional features include a laundry room and walk-in closet space. The building measures 22 by 54 feet and sits on a 34.42-acre lot.
The property includes a two-car driveway and is positioned near bus service, shopping, and the Cross Island Parkway in Whitestone. Additional features include a laundry room and walk-in closet space. The building measures 22 by 54 feet and sits on a 34.42-acre lot.
Key Highlights
- 3,564‑square‑foot multifamily property built in 1975
- Four‑level layout with a finished basement and ground‑level access
- Second and third floors each include 3 bedrooms, 2 bathrooms, and a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,120
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,400
$1.7M
Cap Rate 7%
$1,244,571
$1.2M
Cap Rate 9%
$968,000
$968.0K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$164.7K $46.20/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$158.4K $44.44/SF
− OpEx
−$71.3K −$20.00/SF
NOI
$87.1K $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%
$1,742,400
Cap Rate 7%
$1,244,571
Cap Rate 9%
$968,000
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $183,920 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 11357, NY
42,319
Population
16,586
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
15,114
Density / Sq Mi
$97,754
Median Household Income
$58,814
Median Earnings
$2,228
Median Rent
$920,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four-level brick residence with finished lower-level space, hardwood flooring, balconies, and driveway parking in Whitestone.
Where is this multifamily property located?
The property is located at 2322 Parsons Blvd Whitestone, NY.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 3,564‑square‑foot multifamily property built in 1975; Four‑level layout with a finished basement and ground‑level access; Second and third floors each include 3 bedrooms, 2 bathrooms, and a balcony
