Two-Family Duplex with Finished
For Sale
$1,149,999
242-19 83rd Avenue, Bellerose, NY 11426
Legal two-family duplex with separate gas boilers, finished basement with outside entrance, and a detached one-car garage.
Property Size1,920 SF
Price / SF$598.96
Days on Market174
Property Features for 242-19 83rd Avenue
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
1
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,715
Amenities
fully finished basement with an outside entrance
fenced-in yard
Building Details
Building Size
1,920 SF
Year Built
1950
Buildings
2
Tenancy
Multi
Listing Agency:
Ciampa Realty Group LLC
Listed By:
Mario J. Ciampa · License #980747
(516) 551-4010
Source:
Cottiemaxwellrealestate
Added: May 14
Changed: Oct 31
Last Checked: Nov 1 at 12:36PM
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 Ciampa Realty Group LLC
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Investment Insights
Based on property information with market context.
Legal two-family duplex offering two bedrooms over two bedrooms, with a finished basement that includes an outside entrance. The home is equipped with two separate gas boilers, supporting independent heating for the residence.
Set on a corner lot with south exposure, the interior receives abundant natural light. Outside, there is a detached one-car garage and a fenced-in yard, providing both parking/storage and outdoor space for everyday use.
Built in 1950, the property is positioned near transportation, shopping, schools, and houses of worship, offering convenient access to daily needs.
Set on a corner lot with south exposure, the interior receives abundant natural light. Outside, there is a detached one-car garage and a fenced-in yard, providing both parking/storage and outdoor space for everyday use.
Built in 1950, the property is positioned near transportation, shopping, schools, and houses of worship, offering convenient access to daily needs.
Key Highlights
- Legal two‑family layout with two bedrooms over two bedrooms
- Two separate gas boilers for heating
- 1,920 interior SF including fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,933
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,660
$938.7K
Cap Rate 7%
$670,471
$670.5K
Cap Rate 9%
$521,478
$521.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$88.7K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.3K $44.44/SF
− OpEx
−$38.4K −$20.00/SF
NOI
$46.9K $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%
$938,660
Cap Rate 7%
$670,471
Cap Rate 9%
$521,478
Alternative Uses
Best Use
Apartment 5plus
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 4.08%
Second Best
Multifamily LT 5
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,081 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,229
Businesses Nearby
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Business Placement
Demographics for 11426, NY
19,343
Population
6,813
Households
2.8
Avg Household Size
43
Median Age
44%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
13,816
Density / Sq Mi
$107,591
Median Household Income
$57,622
Median Earnings
$2,158
Median Rent
$676,100
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 - Legal two-family duplex with separate gas boilers, finished basement with outside entrance, and a detached one-car garage.
Where is this duplex located?
The property is located at 242-19 83rd Avenue Bellerose, NY.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: Legal two‑family layout with two bedrooms over two bedrooms; Two separate gas boilers for heating; 1,920 interior SF including fully finished basement
