Two-Family Duplex with
New
For Sale
$1,300,000
40-24 Clearview Expressway, Bayside, NY 11361
Residential Income, Bayside, NY
Property Size2,088 SF
Lot Size0.09 Acres
Price / SF$622.61
Days on Market6
Property Features for 40-24 Clearview Expressway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, Eat-in Kitchen, Entrance Foyer, Stone Counters, Washer/Dryer Hookup
Fireplace
1
Basement
Full, Finished
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
Contact Agent
Standard status
Active
APN
06208-0046
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11500
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1940
Number of units
2
Flooring type
Combination, Hardwood
Building materials
Brick
Architectural style
Colonial
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
JoniRose Jankie CBR
(917) 992-7332
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 14 at 10:06AM
MLS# 1061412
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.
This brick two-family duplex in Bayside contains 2,088 square feet of interior space. The first-floor residence has one bedroom, hardwood floors, a wood-burning fireplace, an eat-in kitchen, and access to a finished basement with laundry and recreation or office space. The upper residence includes three bedrooms, a living and dining area, and a separate kitchen. Built in 1940, the home has baseboard and hot-water heating, with window air-conditioning units.
A private driveway and two-car garage provide on-site parking. The fenced yard includes a patio and grass area. Bayside and Auburndale LIRR stations are both nearby, and public bus service is close by. Schools, shopping, and dining are also minutes away.
A private driveway and two-car garage provide on-site parking. The fenced yard includes a patio and grass area. Bayside and Auburndale LIRR stations are both nearby, and public bus service is close by. Schools, shopping, and dining are also minutes away.
Key Highlights
- Two residences: a one‑bedroom first‑floor unit and a three‑bedroom upper unit
- 2,088 square feet of interior living space
- Finished basement with laundry and recreation or office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,040
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,800
$1.0M
Cap Rate 7%
$729,143
$729.1K
Cap Rate 9%
$567,111
$567.1K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$96.5K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.8K $44.44/SF
− OpEx
−$41.8K −$20.00/SF
NOI
$51.0K $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%
$1,020,800
Cap Rate 7%
$729,143
Cap Rate 9%
$567,111
Alternative Uses
Best Use
Apartment 5plus
$729.1K
$638.0K – $850.7K
NOI $51,040 @ 7.0% cap · market cap 3.93%
Second Best
Multifamily LT 5
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,751 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,150
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
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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 - Separate one- and three-bedroom residences are complemented by a finished basement, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 40-24 Clearview Expressway Bayside, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two residences: a one‑bedroom first‑floor unit and a three‑bedroom upper unit; 2,088 square feet of interior living space; Finished basement with laundry and recreation or office space
