Duplex with Finished
For Sale
$1,438,000
2535 Bayside Ln, Flushing, NY 11358
Two-family property with flexible living space, private outdoor area, and convenient bus access in Flushing.
Property Size1,760 SF
Price / SF$817.05
Days on Market86
Property Features for 2535 Bayside Ln
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
finished basement
side yard
Building Details
Year Built
1955
Listing Agency:
Chase Global Realty Corp
Listed By:
Kayo Lee
(917) 225-5503
Source:
Benny.agcorerealty
Added: Jul 21
Changed: Sep 5
Last Checked: Oct 7 at 4:44PM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
This duplex was built in 1955 and provides approximately 1,760 square feet of interior space across a five-bedroom, three-full-bathroom layout. A fully finished basement has its own entrance and includes an additional full bathroom, creating flexible separation within the property. A two-car garage and side yard add practical parking and outdoor space.
The property is in Flushing with access to the Q28, Q16, Q61, and Q76 bus lines. Shopping, dining, and everyday services are located nearby. The two-family configuration and finished lower level support both owner-occupant use and rental-oriented ownership, as identified in the property information.
The property is in Flushing with access to the Q28, Q16, Q61, and Q76 bus lines. Shopping, dining, and everyday services are located nearby. The two-family configuration and finished lower level support both owner-occupant use and rental-oriented ownership, as identified in the property information.
Key Highlights
- Five‑bedroom duplex with approximately 1,760 sq ft of interior space
- Fully finished basement with separate entrance and 1 full bathroom
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,022
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,440
$860.4K
Cap Rate 7%
$614,600
$614.6K
Cap Rate 9%
$478,022
$478.0K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$81.3K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.2K $44.44/SF
− OpEx
−$35.2K −$20.00/SF
NOI
$43.0K $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%
$860,440
Cap Rate 7%
$614,600
Cap Rate 9%
$478,022
Alternative Uses
Best Use
Apartment 5plus
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$416.2K
$364.1K – $485.5K
NOI $29,131 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,824 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 11358, NY
40,435
Population
13,806
Households
2.9
Avg Household Size
43
Median Age
37%
College-Educated
84%
High-School Grad
2.0 sq mi
ZIP Area
20,218
Density / Sq Mi
$88,729
Median Household Income
$46,875
Median Earnings
$2,086
Median Rent
$967,200
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 - Two-family property with flexible living space, private outdoor area, and convenient bus access in Flushing.
Where is this duplex located?
The property is located at 2535 Bayside Ln Flushing, NY.
What is the asking price?
The asking price for this property is $1,438,000.
What are key features of this property?
This property features: Five‑bedroom duplex with approximately 1,760 sq ft of interior space; Fully finished basement with separate entrance and 1 full bathroom; Built in 1955
