Renovated Two-Unit
For Sale
$988,000
32-50 201st Street, Bayside, NY 11361
Semi-detached property with separate entrances, a private driveway, backyard, basement, and detached garage.
Property Size1,226 SF
Days on Market32
Property Features for 32-50 201st Street
General Information
Standard status
Active
Size
1,226 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,758
Building Details
Building Size
1,226 SF
Year Built
1930
Listing Agency:
Winzone Realty Inc
(347) 925-8322
Listed By:
Yu Hong Tang
Source:
Barbieliteam
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 8 at 9:49AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This two-dwelling semi-detached duplex was built in 1930 and renovated 5 years ago. The first-floor residence includes 1 bedroom, 1 bathroom, a backyard, garage access, and a basement. The second-floor unit offers 2 bedrooms and 1 bathroom, along with its own private entrance. The property includes a 400 square feet garage and private driveway.
The home is located in Bayside within School District 26 and is zoned for PS159 and IS25. Nearby transportation options include Q28, Q16, Q31, and Q76 bus service, as well as a train station. A highway, supermarket, restaurants, and other daily essentials are also nearby.
The home is located in Bayside within School District 26 and is zoned for PS159 and IS25. Nearby transportation options include Q28, Q16, Q31, and Q76 bus service, as well as a train station. A highway, supermarket, restaurants, and other daily essentials are also nearby.
Key Highlights
- Two‑dwelling semi‑detached duplex in Bayside
- 1‑bedroom, 1‑bathroom first‑floor residence with backyard, garage, and basement
- 2‑bedroom, 1‑bathroom second‑floor unit with separate private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,969
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,380
$599.4K
Cap Rate 7%
$428,129
$428.1K
Cap Rate 9%
$332,989
$333.0K
Market Conditions
NOI Build-Up for 1,226 SF
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.
Gross rent
$56.6K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$54.5K $44.44/SF
− OpEx
−$24.5K −$20.00/SF
NOI
$30.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,380
Cap Rate 7%
$428,129
Cap Rate 9%
$332,989
Alternative Uses
Best Use
Apartment 5plus
$428.1K
$374.6K – $499.5K
NOI $29,969 @ 7.0% cap · market cap 3.03%
Second Best
Multifamily LT 5
$289.9K
$253.7K – $338.2K
NOI $20,292 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$903.8K
$790.8K – $1.05M
NOI $63,267 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached property with separate entrances, a private driveway, backyard, basement, and detached garage.
Where is this duplex located?
The property is located at 32-50 201st Street Bayside, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Two‑dwelling semi‑detached duplex in Bayside; 1‑bedroom, 1‑bathroom first‑floor residence with backyard, garage, and basement; 2‑bedroom, 1‑bathroom second‑floor unit with separate private entrance
