Two-Family Residential Income
43-15 56th Street Queens, NY 11377
43-15 56th Street, Queens, NY, 11377
$1,388,888
For Sale
$1,388,888
Well-maintained 1930 duplex with two 2-bedroom, 1-bath apartments and a full basement on a 20' x 100' lot.
Property Size2,048 SF
Lot Size0.05 Acres
Price / SF$678.17
Days on Market34
Property Features for 43-15 56th Street
General Information
- Standard status
- Active
- Size
- 2,048 SF
- Lot size
- 0.05 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing agency
Douglas Elliman Real Estate
(516) 746-0440
Listed by
Ricardo D. Mendez · License #10301214562
(516) 746-0440
Source
Compass
Added: Jun 18 Updated: Jul 21 at 6:22PM Checked: Jul 21 at 6:22PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family frame home was built in 1930 and features a classic exterior with light-colored siding, a dark shingled roof, and two prominent front gabled dormers. The property offers two spacious apartments, each configured with 2 bedrooms and 1 bathroom. A full basement provides additional space, and the home is situated on a 20' x 100' lot.
Located in Woodside, Queens, the residence is described as being just blocks from the 7 Train and the Woodside LIRR station, supporting convenient commuting. The remarks also note walkability and proximity to local dining, shopping, parks, schools, supermarkets, and everyday conveniences.
The layout and configuration make the property suitable for owner-occupancy with rental support or for investors seeking steady rental demand in a transit-oriented neighborhood.
Located in Woodside, Queens, the residence is described as being just blocks from the 7 Train and the Woodside LIRR station, supporting convenient commuting. The remarks also note walkability and proximity to local dining, shopping, parks, schools, supermarkets, and everyday conveniences.
The layout and configuration make the property suitable for owner-occupancy with rental support or for investors seeking steady rental demand in a transit-oriented neighborhood.
Key Highlights
- Well‑maintained 2‑family frame home built in 1930 in Woodside, Queens
- Two apartments with 2 bedrooms and 1 bathroom each, totaling about 2,048 sq ft of living space
- Full finished basement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.6k | $46.20 |
| − Vacancy | −$3.6k | −$1.76 |
| EGI | $91.0k | $44.44 |
| − OpEx | −$41.0k | −$20.00 |
| NOI | $50.1k | $24.44 |
2,048 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 3.60%
Second Best
Multifamily LT 5
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained 1930 duplex with two 2-bedroom, 1-bath apartments and a full basement on a 20' x 100' lot.
Where is this duplex located?
The property is located at 43-15 56th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,388,888.
What are key features of this property?
This property features: Well‑maintained 2‑family frame home built in 1930 in Woodside, Queens; Two apartments with 2 bedrooms and 1 bathroom each, totaling about 2,048 sq ft of living space; Full finished basement
