2-Unit Frame
4311 56th Street, Woodside, NY 11377
For Sale
$1,298,888
Pending
Residential Income, Woodside, NY
Property Size2,048 SF
Lot Size0.05 Acres
Days on Market146
Property Features for 4311 56th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
Ricardo D. Mendez · License NY #10301214562
(718) 956-5000
Added: Jun 22
Changed: Nov 6
Last Checked: Nov 14 at 2:06AM
MLS# 1016901
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.
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Investment Insights
Based on property information with market context.
This 2-unit frame duplex contains two apartments, each arranged with 2 bedrooms and 1 bathroom, across approximately 2,048 square feet. Built in 1930, the property includes a full basement, front porch, gabled dormers, mature landscaping, and a driveway. Natural gas heating, public water, and public sewer serve the home.
The property is at 4311 56th Street in Woodside, Queens, on a 20' x 100' lot. The 7 Train is 0.16 miles away, while Woodside LIRR station provides additional rail access, including service to Midtown in under 20 minutes. Dining, shopping, parks, supermarkets, schools, and other neighborhood amenities are located nearby.
The two-bedroom layouts, separate apartments, and residential setting support a range of occupancy arrangements. Community District 2 and Postal Code 11377 identify the surrounding Woodside location.
The property is at 4311 56th Street in Woodside, Queens, on a 20' x 100' lot. The 7 Train is 0.16 miles away, while Woodside LIRR station provides additional rail access, including service to Midtown in under 20 minutes. Dining, shopping, parks, supermarkets, schools, and other neighborhood amenities are located nearby.
The two-bedroom layouts, separate apartments, and residential setting support a range of occupancy arrangements. Community District 2 and Postal Code 11377 identify the surrounding Woodside location.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Approximately 2,048 sq ft of living space
- 20' x 100' lot with driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,608
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,160
$1.0M
Cap Rate 7%
$722,971
$723.0K
Cap Rate 9%
$562,311
$562.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$78.6K $38.40/SF
− Vacancy
−$6.3K −$3.10/SF
EGI
$72.3K $35.30/SF
− OpEx
−$21.7K −$10.59/SF
NOI
$50.6K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,160
Cap Rate 7%
$722,971
Cap Rate 9%
$562,311
Alternative Uses
Best Use
Multifamily LT 5
$723.0K
$632.6K – $843.5K
NOI $50,608 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 3.85%
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,730
Businesses Nearby
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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
Properties on Market for Duplexes in Woodside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide a flexible arrangement for rental occupancy or shared household use.
Where is this duplex located?
The property is located at 4311 56th Street 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 driveway parking
