Two-Unit Frame
4313 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 Market141
Property Features for 4313 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
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 9 at 3:06PM
MLS# 1016919
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 well-maintained two-family frame residence was built in 1930 and contains approximately 2,048 square feet of living space. Each apartment includes two bedrooms and one bathroom, providing a straightforward two-unit configuration. The home also features a full basement, front porch, mature landscaping, generous windows, natural-gas heating, driveway parking, public water, and public sewer. The property occupies a 20' x 100' lot with a light-colored siding exterior, dark shingled roof, and front gabled dormers.
Located on a quiet residential block in Woodside, the property is 0.16 miles from the 7 Train and near the Woodside LIRR station. Dining, shopping, parks, schools, supermarkets, and other everyday conveniences are also nearby. Community District 2 and Postal Code 11377 identify the surrounding Queens location.
Located on a quiet residential block in Woodside, the property is 0.16 miles from the 7 Train and near the Woodside LIRR station. Dining, shopping, parks, schools, supermarkets, and other everyday conveniences are also nearby. Community District 2 and Postal Code 11377 identify the surrounding Queens location.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Approximately 2,048 sq ft of living space
- Built in 1930 with frame construction
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 - Well-maintained residential property with two apartments, a full basement, driveway parking, and public utilities.
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 sq ft of living space; Built in 1930 with frame construction
