Two-Family Duplex with Private
New
For Sale
$1,290,000
42-05 249th Street, Little Neck, NY 11363
Residential Income, Little Neck, NY
Property Size1,796 SF
Lot Size0.07 Acres
Price / SF$718.26
Days on Market2
Property Features for 42-05 249th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Basement, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Full
Elementary school
Ps 94 David D Porter
Middle school
Jhs 67 Louis Pasteur
High school
Benjamin N Cardozo High School
Elementary school district
Queens 26
Middle school district
Queens 26
High school district
Queens 26
Directions
google map
Standard status
Active
APN
08127-0046
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8611
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Hardwood
Building materials
Aluminum Siding
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Vicky Wei
(646) 651-3858
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 1:06PM
MLS# 1060966
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 detached duplex contains two residential units, each configured with two bedrooms and one full bathroom. The full basement includes an additional half bathroom and is part of the first-floor unit. A private garage is also on the property. The residence was built in 1925 and has approximately 1,796 square feet of living space on a 2,913-square-foot lot.
The property is in Little Neck and offers access to the LIRR station, bus stops, shopping, restaurants, and supermarkets. Nearby schools listed for the property include PS 94, JHS 67, and Benjamin N. Cardozo High School, within Queens School District 26.
The property is in Little Neck and offers access to the LIRR station, bus stops, shopping, restaurants, and supermarkets. Nearby schools listed for the property include PS 94, JHS 67, and Benjamin N. Cardozo High School, within Queens School District 26.
Key Highlights
- Detached legal two‑family residence with two 2‑bedroom, 1‑bathroom units
- Full basement with a half bathroom, included with the first‑floor unit
- Private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,902
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,040
$878.0K
Cap Rate 7%
$627,171
$627.2K
Cap Rate 9%
$487,800
$487.8K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$83.0K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$79.8K $44.44/SF
− OpEx
−$35.9K −$20.00/SF
NOI
$43.9K $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%
$878,040
Cap Rate 7%
$627,171
Cap Rate 9%
$487,800
Alternative Uses
Best Use
Apartment 5plus
$627.2K
$548.8K – $731.7K
NOI $43,902 @ 7.0% cap · market cap 3.40%
Second Best
Multifamily LT 5
$424.7K
$371.6K – $495.5K
NOI $29,727 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,682 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 11363, NY
7,208
Population
3,002
Households
2.4
Avg Household Size
47
Median Age
55%
College-Educated
91%
High-School Grad
0.9 sq mi
ZIP Area
8,009
Density / Sq Mi
$110,833
Median Household Income
$68,985
Median Earnings
$2,235
Median Rent
$1,019,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each offer two bedrooms and a full bathroom, with a basement half bath assigned to the first-floor unit.
Where is this duplex located?
The property is located at 42-05 249th Street Little Neck, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Detached legal two‑family residence with two 2‑bedroom, 1‑bathroom units; Full basement with a half bathroom, included with the first‑floor unit; Private garage
