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Building Details

Year built 1930

Flooring type Hardwood

Building materials Brick

Listing Agency: EAST COAST NEW YORK Show Phone

Listed By: Jenny Hong Show Phone

Added: Jun 24 Changed: Oct 10 Last Checked: Oct 15 at 1:06PM

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MLS# 11850544

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 brick duplex at 45-14 215th Pl includes approximately 1,930 square feet of living space and was expanded and renovated in 2018. Each main-level residence provides three bedrooms, two full bathrooms, living and dining areas, and a kitchen. The finished basement adds a full bathroom and its own entrance. Hardwood flooring, natural gas heat, and a deck are included among the property features.

Built in 1930, the property occupies a 0.0463-acre lot in Bayside, Queens. Shops, restaurants, parks, and schools are nearby, along with Q12, Q13, Q27, Q31, and N20 bus service. Bayside LIRR station is also close to the residence.

Key Highlights

• Expanded and renovated in 2018
• Approximately 1,930 square feet of living space
• Two three‑bedroom, two‑bathroom residences

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

Is this asking price fair?

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 (±1% cap)

NOI $47,178 @ 7.0% cap · market cap 2.99%

Second Best

Multifamily LT 5

$456.4K

$399.3K – $532.4K (±1% cap)

NOI $31,945 @ 7.0% cap · market cap 2.02%

Theoretical Best

Office A

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,597 @ 7.0% cap · market cap 6.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Clothing & Fashion Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Hotel & Motel Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,465

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two three-bedroom residences offer four full bathrooms per floor, with an additional finished basement bathroom 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 $1,580,000.

What are key features of this property?

This property features: Expanded and renovated in 2018; Approximately 1,930 square feet of living space; Two three‑bedroom, two‑bathroom residences