Two-Unit Duplex
For Sale
$1,298,888
4311 56th St, Woodside, NY 11377
Two-bedroom apartments with a full basement and convenient access to 7 Train and LIRR service.
Property Size2,048 SF
Lot Size0.05 Acres
Price / SF$634.22
Days on Market75
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Property Features for 4311 56th St
General Information
Standard status
Active
Size
2,048 SF
Lot size
0.05 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1930
Buildings
1
Construction
frame
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Ricardo D. Mendez · License #10301214562
(718) 956-5000
Source:
Amodiorealestate
Added: Aug 2
Changed: Oct 11
Last Checked: Oct 7 at 3:36PM
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 two-family frame residence contains two separate apartments, each arranged with 2 bedrooms and 1 bathroom. The property provides approximately 2,048 square feet of living space on a 20' x 100' lot, with a full basement, front porch, front gabled dormers, mature landscaping, and generous windows. Built in 1930, the home has light-colored siding and a dark shingled roof.
Located at 4311 56th Street in Woodside, the property is 0.16 miles from the 7 Train and near the Woodside LIRR station. Midtown Manhattan is reachable in under 20 minutes, with additional access to Long Island City and other destinations. Dining, shopping, parks, supermarkets, schools including P.S. 11, and everyday services are also nearby. The source information identifies potential for owner occupancy with one apartment rented, multi-generational living, or use as a two-unit rental property.
Located at 4311 56th Street in Woodside, the property is 0.16 miles from the 7 Train and near the Woodside LIRR station. Midtown Manhattan is reachable in under 20 minutes, with additional access to Long Island City and other destinations. Dining, shopping, parks, supermarkets, schools including P.S. 11, and everyday services are also nearby. The source information identifies potential for owner occupancy with one apartment rented, multi-generational living, or use as a two-unit rental property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Approximately 2,048 sq ft of living space
- 20' x 100' lot with a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,062
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,240
$1.0M
Cap Rate 7%
$715,171
$715.2K
Cap Rate 9%
$556,244
$556.2K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$94.6K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.0K $44.44/SF
− OpEx
−$41.0K −$20.00/SF
NOI
$50.1K $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%
$1,001,240
Cap Rate 7%
$715,171
Cap Rate 9%
$556,244
Alternative Uses
Best Use
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 3.85%
Second Best
Multifamily LT 5
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,730
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom apartments with a full basement and convenient access to 7 Train and LIRR service.
Where is this duplex located?
The property is located at 4311 56th St Woodside, NY.
What is the asking price?
The asking price for this property is $1,298,888.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Approximately 2,048 sq ft of living space; 20' x 100' lot with a full basement
