Two-Unit Frame Home with
For Sale
$1,298,888
Pending
4313 56th Street, Woodside, NY 11377
Well-maintained residential income property with two apartments, front porch, mature landscaping, and convenient rail access.
Property Size2,048 SF
Lot Size0.05 Acres
Days on Market114
Property Features for 4313 56th Street
General Information
Standard status
Pending
Size
2,048 SF
Lot size
0.05 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,871
Amenities
front porch
full basement
Building Details
Building Size
2,048 SF
Year Built
1930
Buildings
1
Construction
frame
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Ricardo D. Mendez · License #10301214562
(718) 956-5000
Source:
Serhant
Added: Jun 26
Changed: Oct 9
Last Checked: Oct 16 at 2:22PM
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
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Investment Insights
Based on property information with market context.
Located at 4313 56th Street in Woodside, this two-family frame residence was built in 1930 and contains approximately 2,048 square feet of living space. The property includes two apartments, each configured with 2 bedrooms and 1 bathroom, along with a full basement. Exterior details include light-colored siding, a dark shingled roof, front gabled dormers, a covered porch with brick steps, mature hedges, and generously sized windows.
The home occupies a 20' x 100' lot in Queens Community District 2, on a tree-lined residential block near dining, shopping, parks, supermarkets, schools, and other daily conveniences. The 7 Train is approximately 0.16 miles away, while Woodside LIRR station provides rail service toward Manhattan, Long Island City, and surrounding areas. Walk Score 94 and Transit Score 100 further describe the property's pedestrian and transit-oriented setting.
The home occupies a 20' x 100' lot in Queens Community District 2, on a tree-lined residential block near dining, shopping, parks, supermarkets, schools, and other daily conveniences. The 7 Train is approximately 0.16 miles away, while Woodside LIRR station provides rail service toward Manhattan, Long Island City, and surrounding areas. Walk Score 94 and Transit Score 100 further describe the property's pedestrian and transit-oriented setting.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Approximately 2,048 square feet of living space
- Built in 1930 on a 20' x 100' lot
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
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained residential income property with two apartments, front porch, mature landscaping, and convenient rail access.
Where is this duplex located?
The property is located at 4313 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 square feet of living space; Built in 1930 on a 20' x 100' lot
