Detached Two-Family
New
For Sale
$1,990,000
251-43 57th Avenue, Little Neck, NY 11362
Separate entrances, a finished basement, and a rear deck add flexibility across the two residences.
Property Size2,964 SF
Price / SF$671.39
Days on Market2
Property Features for 251-43 57th Avenue
General Information
Standard status
Active
Size
2,964 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,697
Amenities
Finished
Combination,Hardwood
3
Yes
6
High Ceilings,Other,Walk-In Closet(s),Washer/Dryer Hookup
Public
No
Driveway
2964
Building Details
Building Size
2,964 SF
Year Built
1940
Buildings
1
Listing Agency:
Prospes Real Estate Corp
(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 Prospes Real Estate Corp
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Investment Insights
Based on property information with market context.
This detached duplex offers two residences, each with three bedrooms. The first-floor unit includes a full bathroom, dining room, and living room. Upstairs, the second unit has two full bathrooms, a kitchen, a living room, and a rear deck with steps to the backyard. The building measures 52 x 28.5, and the property includes a finished basement with a separate entrance, plus driveway parking.
The home is in Little Neck, near bus service, parks, District 26 schools, a golf club, and supermarkets. The Long Island Expressway is nearby, and express bus service runs to Manhattan and City Hall. Flushing and Long Island are also cited as commute destinations.
The home is in Little Neck, near bus service, parks, District 26 schools, a golf club, and supermarkets. The Long Island Expressway is nearby, and express bus service runs to Manhattan and City Hall. Flushing and Long Island are also cited as commute destinations.
Key Highlights
- Detached two‑family property with three bedrooms on each floor
- First‑floor residence has a full bathroom; second‑floor residence has two full bathrooms
- 52 x 28.5 building dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,453
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,060
$1.4M
Cap Rate 7%
$1,035,043
$1.0M
Cap Rate 9%
$805,033
$805.0K
Market Conditions
NOI Build-Up for 2,964 SF
Gross rent
$136.9K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$131.7K $44.44/SF
− OpEx
−$59.3K −$20.00/SF
NOI
$72.5K $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%
$1,449,060
Cap Rate 7%
$1,035,043
Cap Rate 9%
$805,033
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$905.7K – $1.21M
NOI $72,453 @ 7.0% cap · market cap 3.64%
Second Best
Multifamily LT 5
$700.8K
$613.2K – $817.7K
NOI $49,059 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,957 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 11362, NY
18,139
Population
7,634
Households
2.4
Avg Household Size
48
Median Age
52%
College-Educated
93%
High-School Grad
2.1 sq mi
ZIP Area
8,638
Density / Sq Mi
$118,989
Median Household Income
$62,132
Median Earnings
$2,548
Median Rent
$634,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, a finished basement, and a rear deck add flexibility across the two residences.
Where is this duplex located?
The property is located at 251-43 57th Avenue Little Neck, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Detached two‑family property with three bedrooms on each floor; First‑floor residence has a full bathroom; second‑floor residence has two full bathrooms; 52 x 28.5 building dimensions
