Two-Family Duplex with
New
For Sale
$1,300,000
40-24 Clearview Expressway, Bayside, NY 11361
Separate residences are complemented by a private driveway, garage, and fenced outdoor space.
Property Size2,088 SF
Lot Size0.09 Acres
Price / SF$622.61
Days on Market4
Property Features for 40-24 Clearview Expressway
General Information
Standard status
Active
Size
2,088 SF
Lot size
0.09 Acres
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,500
Amenities
fireplace
laundry room
recreation room
patio
fenced yard
sunroom
Building Details
Building Size
2,088 SF
Year Built
1940
Buildings
1
Listing Agency:
EXP Realty
Listed By:
JoniRose Jankie CBR · License #40JA1149550
(888) 276-0630
Source:
Cottiemaxwellrealestate
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:12AM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This legal two-family property in Bayside contains 2,088 square feet of interior space. The first-floor apartment has one bedroom, a living room, 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. Wood floors and a wood-burning fireplace are among the interior features; the kitchens include stainless steel appliances and stone countertops. Gas serves the heating and cooking systems.
A private driveway and two-car garage provide on-site parking. The fenced yard includes a patio and grass area. The property is situated between the Bayside LIRR and Auburndale train stations, with public bus service nearby. 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. The property is situated between the Bayside LIRR and Auburndale train stations, with public bus service nearby. Schools, shopping, and dining are also minutes away.
Key Highlights
- 2,088 square feet of interior space on a 4,000‑square‑foot lot measuring 40x100
- Legal two‑family layout with a one‑bedroom apartment and a separate three‑bedroom residence
- 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,480
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
Check the figures for this property
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 residences are complemented by a private driveway, garage, and fenced outdoor space.
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: 2,088 square feet of interior space on a 4,000‑square‑foot lot measuring 40x100; Legal two‑family layout with a one‑bedroom apartment and a separate three‑bedroom residence; Finished basement with laundry and recreation or office space
