Four-Unit Brick Quadplex with Separate
For Sale
$1,399,900
45-36 220th Place, Bayside, NY 11361
Vacant four-unit brick quadplex built in 1979 with separate electric and gas meters for each unit.
Days on Market23
Property Features for 45-36 220th Place
General Information
Standard status
Active
Property subtype
Quadruplex
Additional Details
Cap Rate
5%
Utilities to Site
Yes
Building Details
Building Size
3,741 SF
Year Built
1979
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
B Square Realty
(917) 388-0863
Listed By:
Liu Hu
Source:
Barbieliteam
Added: Jul 10
Changed: Jul 31
Last Checked: Aug 1 at 11:12AM
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 B Square Realty
Investment Insights
Based on property information with market context.
This four-unit brick quadplex was built in 1979 and has all units currently vacant. The building includes separate electric and gas meters for each unit, supporting convenient tenant-level metering for both owner-occupant and investment use.
The property is located in Bayside, with the public remarks noting it is about a half-block to Northern Blvd. It is described as near parks and Oakland Lake, and close to transit including bus service (Q12 to Flushing & Long Island) and the LIRR.
The remarks also cite an estimated cap rate of approximately 5% and reference Queens School District 26 (PS 203 and Bayside High School), along with convenience to nearby shopping including Bay Terrace Mall.
The property is located in Bayside, with the public remarks noting it is about a half-block to Northern Blvd. It is described as near parks and Oakland Lake, and close to transit including bus service (Q12 to Flushing & Long Island) and the LIRR.
The remarks also cite an estimated cap rate of approximately 5% and reference Queens School District 26 (PS 203 and Bayside High School), along with convenience to nearby shopping including Bay Terrace Mall.
Key Highlights
- All four units are vacant
- Built in 1979
- Separate electric and gas meters for each unit
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 | $172.8k | $46.20 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $166.3k | $44.44 |
| − OpEx | −$74.8k | −$20.00 |
| NOI | $91.4k | $24.44 |
3,741 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,447 @ 7.0% cap · market cap 6.53%
Second Best
Multifamily LT 5
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,054 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,264
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?
Quadplex - Vacant four-unit brick quadplex built in 1979 with separate electric and gas meters for each unit.
Where is this quadplex located?
The property is located at 45-36 220th Place Bayside, NY.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: All four units are vacant; Built in 1979; Separate electric and gas meters for each unit
