Brick Two-Family
New
For Sale
$1,690,000
4327 215th Street, Bayside, NY 11361
MULTI_FAMILY - Bayside, NY
Property Size3,118 SF
Lot Size0.06 Acres
Price / SF$542.01
Days on Market2
Property Features for 4327 215th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bayside
Standard status
Active
Size
3,118 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
13476
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
LingQiong (Ava) Liu
(917) 708-9966
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 5:06PM
MLS# 503480
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Investment Insights
Based on property information with market context.
This 3,118-square-foot duplex is a brick two-family residence built in 1960. The layout includes 6 bedrooms and 3 full bathrooms, with a finished basement providing additional interior space. An attached 2-car garage and private driveway offer on-site parking. Interior finishes include hardwood and tile flooring, while the kitchen areas include a refrigerator and stove. The property is zoned R4 and is being offered as-is.
Located in Bayside, Queens, the home is near the LIRR, Northern Blvd, Bell Blvd shopping and dining, schools, parks, supermarkets, and public transportation. The two-family configuration, substantial bedroom count, and accessory space provide a practical setup for an owner-occupant or residential income purchaser.
Located in Bayside, Queens, the home is near the LIRR, Northern Blvd, Bell Blvd shopping and dining, schools, parks, supermarkets, and public transportation. The two-family configuration, substantial bedroom count, and accessory space provide a practical setup for an owner-occupant or residential income purchaser.
Key Highlights
- 3,118 square feet of building area on a 0.0587‑acre lot
- 6 bedrooms and 3 full bathrooms
- Finished basement adds usable interior space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.1k | $46.20 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $138.6k | $44.44 |
| − OpEx | −$62.4k | −$20.00 |
| NOI | $76.2k | $24.44 |
3,118 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$952.7K – $1.27M
NOI $76,218 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$737.3K
$645.1K – $860.1K
NOI $51,608 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $160,904 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 11361, NY
29,116
Population
11,934
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
88%
High-School Grad
1.7 sq mi
ZIP Area
17,127
Density / Sq Mi
$108,391
Median Household Income
$58,410
Median Earnings
$2,315
Median Rent
$900,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom layout with a finished basement, attached garage, and private driveway in an established Queens setting.
Where is this duplex located?
The property is located at 4327 215th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 3,118 square feet of building area on a 0.0587‑acre lot; 6 bedrooms and 3 full bathrooms; Finished basement adds usable interior space
