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Renovated Brick Two-Family Residence

45-14 215th Pl Bayside, NY 11361

45-14 215th Pl, Bayside, NY, 11361
$1,680,000
For Sale
$1,680,000

MULTI_FAMILY - Bayside, NY

Property Size1,930 SF
Lot Size0.05 Acres
Price / SF$870.47
Days on Market24

Property Features for 45-14 215th Pl

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4
Patio and Porch features
Deck
Standard status
Active
Lot size
0.05 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
10569

Utilities

Heating system
Natural Gas

Building Details

Year built
1930
Flooring type
Hardwood
Building materials
Brick
Listing Agency EAST COAST NEW YORK
35-20 BELL BLVD, BAYSIDE, NY
Listed by Jenny Hong
Added: Jun 24 Checked: Jul 17 at 6:06 am
MLS# 11850544 Listing URL

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This renovated brick two-family residence at 45-14 215th Pl has been completely expanded and updated in 2018. The first floor offers 2 bedrooms and 2 full bathrooms, along with a living/dining room and kitchen. The second floor features 3 bedrooms and 2 full bathrooms, plus a living room, dining room, and kitchen. A full finished basement includes 1 full bathroom and a separate entrance, adding flexibility to the overall layout.

Located in Bayside, Queens, the home is described as close to shops, restaurants, parks, and schools. Public transportation nearby includes the Q12, Q13, Q27, Q31, and N20 bus lines, and it is also close to the Bayside LIRR station.

With two distinct residential levels and a finished basement with an independent entrance, the property is configured as a practical setup for rental income or owner-occupancy while maintaining separate space.

Key Highlights

  • Brick two‑family home renovated and completely expanded in 2018
  • Approximately 1,930 sq ft of living space with two separate floors plus finished basement
  • First floor: 2 bedrooms, 2 full bathrooms, living/dining room, and kitchen

Local 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 $89.2k $46.20
− Vacancy −$3.4k −$1.76
EGI $85.8k $44.44
− OpEx −$38.6k −$20.00
NOI $47.2k $24.44
1,930 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$674.0K
$589.7K – $786.3K (±1% cap)
NOI $47,178 @ 7.0% cap · market cap 2.81%
Second Best
Multifamily LT 5
$456.4K
$399.3K – $532.4K (±1% cap)
NOI $31,945 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M (±1% cap)
NOI $99,597 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Hotel & Motel Furniture & Home Goods (Bike/Boat/Book/etc) Store Storage Facility Tech Support Center Travel Agency (Bike/Boat/Book/etc) Store Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Brick two-family home renovated in 2018 with expanded living space, basement with full bath and separate entrance.
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 $1,680,000.
What are key features of this property?
This property features: Brick two‑family home renovated and completely expanded in 2018; Approximately 1,930 sq ft of living space with two separate floors plus finished basement; First floor: 2 bedrooms, 2 full bathrooms, living/dining room, and kitchen
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