Two-Unit Frame
4315 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 4315 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 9 at 3:06PM
MLS# 1016922
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 two-family frame duplex, built in 1930, contains approximately 2,048 square feet across two apartments. Each residence offers two bedrooms and one bathroom, while the property also includes a full basement, front porch, mature landscaping, driveway parking, oil heat, public water, and public sewer. The 20' x 100' lot supports a traditional residential layout with a finished exterior featuring siding, a shingled roof, and front gabled dormers.
The property is located on a residential block in Woodside, Queens, approximately 0.16 miles from the 7 Train and near the Woodside LIRR station. Dining, shopping, parks, schools, supermarkets, and other neighborhood services are identified nearby. Midtown Manhattan is described as under 20 minutes away by transit, with additional connections to Long Island City and surrounding areas.
The property is located on a residential block in Woodside, Queens, approximately 0.16 miles from the 7 Train and near the Woodside LIRR station. Dining, shopping, parks, schools, supermarkets, and other neighborhood services are identified nearby. Midtown Manhattan is described as under 20 minutes away by transit, with additional connections to Long Island City and surrounding areas.
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
Yes
Paved road access
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 apartments provide options for rental income, owner occupancy, or multigenerational living.
Where is this duplex located?
The property is located at 4315 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
