Duplex with Finished
For Sale
$1,580,000
45-14 215th Pl, Bayside, NY 11361
Two residential floors each offer three bedrooms, two full bathrooms, and living, dining, and kitchen areas.
Property Size1,930 SF
Price / SF$818.65
Days on Market123
Property Features for 45-14 215th Pl
General Information
Standard status
Active
Size
1,930 SF
Property subtype
Multi Family Home
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1930
Year Renovated
2018
Construction
brick
Listing Agency:
EAST COAST NEW YORK
Listed By:
Jenny Hong
(718) 428-2900
Source:
Crystinandcorealty
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 23 at 3:44PM
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 EAST COAST NEW YORK
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Investment Insights
Based on property information with market context.
This brick duplex contains approximately 1,930 square feet and was expanded and renovated in 2018. The first floor has three bedrooms, two full bathrooms, a living and dining room, and a kitchen. The second floor provides the same bedroom and bathroom count, along with living and dining rooms and a kitchen. A finished basement adds a full bathroom and has its own entrance.
The property is near shops, restaurants, parks, and schools. Nearby transit includes the Q12, Q13, Q27, Q31, and N20 bus routes, as well as the Bayside LIRR station.
The property is near shops, restaurants, parks, and schools. Nearby transit includes the Q12, Q13, Q27, Q31, and N20 bus routes, as well as the Bayside LIRR station.
Key Highlights
- Brick duplex expanded and renovated in 2018
- Approximately 1,930 square feet
- Two floors, each with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,178
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,560
$943.6K
Cap Rate 7%
$673,971
$674.0K
Cap Rate 9%
$524,200
$524.2K
Market Conditions
NOI Build-Up for 1,930 SF
Gross rent
$89.2K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.8K $44.44/SF
− OpEx
−$38.6K −$20.00/SF
NOI
$47.2K $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%
$943,560
Cap Rate 7%
$673,971
Cap Rate 9%
$524,200
Alternative Uses
Best Use
Apartment 5plus
$674.0K
$589.7K – $786.3K
NOI $47,178 @ 7.0% cap · market cap 2.99%
Second Best
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,597 @ 7.0% cap · market cap 6.30%
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
835
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential floors each offer three bedrooms, two full bathrooms, and living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 45-14 215th Pl Bayside, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Brick duplex expanded and renovated in 2018; Approximately 1,930 square feet; Two floors, each with 3 bedrooms and 2 full bathrooms
