242-19 83rd Avenue Bellerose, NY 11426
MULTI_FAMILY - Bellerose, NY
Property Features for 242-19 83rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 2, Bathroom 1
- Parking features
- Garage
- Interior features
- First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
- Basement
- Finished
- Standard status
- Active
- APN
- 07905-0001
- Size
- 1,920 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10715
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Brick, Frame, Vinyl Siding
Listing agent Mario J. Ciampa License #49CI1169157 (516) 551-4010
Listing office Ciampa Realty Group LLC 1225 Franklin Ave Ste 325, Floral Park, NY (718) 343-4500
Listing date May 14, 2026
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.
Investment Insights
Based on property information with market context.
Set on a corner lot with south exposure, the home is positioned to bring in abundant natural light. A detached one-car garage provides off-street parking and storage, and the fenced-in yard creates a private outdoor space.
For tenants and owner-occupants, the layout offers a straightforward two-unit setup with independent heating and an added, externally accessible finished basement level. The property is also described as being near transportation, shopping, schools, and houses of worship, supporting a convenient day-to-day lifestyle for occupants.
Key Highlights
- Legal two‑family layout with 4 bedrooms total plus 2 full baths
- 1920 interior square footage includes a fully finished basement with outside entrance
- Two separate gas boilers for heating
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 | $88.7k | $46.20 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $85.3k | $44.44 |
| − OpEx | −$38.4k | −$20.00 |
| NOI | $46.9k | $24.44 |
