Multifamily Development Corner
4520 211th Street Bayside, NY 11361
New
For Sale
$2,380,000
MULTI_FAMILY - Colonial - Bayside, NY
Property Size5,000 SF
Lot Size0.11 Acres
Price / SF$476
Days on Market7
Property Features for 4520 211th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway, Garage
Interior features
First Floor Bedroom
Basement
Full
Standard status
Active
APN
07309-0033
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9623
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Tapestry Real Estate of Queens
(718) 460-1943
Listed By:
James S. Powers · License #31PO0764530
(718) 460-1943
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 7:06AM
MLS# 1030463
Copyright © 2026 OneKey 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.
4520 211th Street is a corner development site sized 50' x 100' (approximately 5,000 SF) and located in an R4 zoning district. The offering highlights development potential under the City’s Predominantly Built-Up provisions, including preliminary feasibility for approximately 6,750 square feet of zoning floor area for a three-story multifamily residential building with an estimated 7 to 9 units, subject to architect verification and governmental approvals.
The property is situated within the Bayside Inner Transit Zone and is approximately an 8–10 minute walk to the LIRR station. The remarks also indicate the elimination of residential parking requirements, which can enhance development flexibility for the site. The parcel is immediately adjacent to a recently completed multifamily development, and it is positioned near Northern Boulevard as well as shopping, restaurants, schools, parks, and public transportation.
The property is situated within the Bayside Inner Transit Zone and is approximately an 8–10 minute walk to the LIRR station. The remarks also indicate the elimination of residential parking requirements, which can enhance development flexibility for the site. The parcel is immediately adjacent to a recently completed multifamily development, and it is positioned near Northern Boulevard as well as shopping, restaurants, schools, parks, and public transportation.
Key Highlights
- 50' x 100' corner property totaling 5,000 SF in an R4 zoning district
- Located in the Bayside Inner Transit Zone, about an 8–10 minute walk to the LIRR station
- Preliminary feasibility indicates approx. 6,750 SF of zoning floor area for a potential three‑story multifamily project
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 | $231.0k | $46.20 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $222.2k | $44.44 |
| − OpEx | −$100.0k | −$20.00 |
| NOI | $122.2k | $24.44 |
5,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,222 @ 7.0% cap · market cap 5.14%
Second Best
Multifamily LT 5
$1.18M
$1.03M – $1.38M
NOI $82,758 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,024 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned corner site in a transit walk zone with preliminary feasibility for a three-story multifamily project.
Where is this duplex located?
The property is located at 4520 211th Street Bayside, NY.
What is the asking price?
The asking price for this property is $2,380,000.
What are key features of this property?
This property features: 50' x 100' corner property totaling 5,000 SF in an R4 zoning district; Located in the Bayside Inner Transit Zone, about an 8–10 minute walk to the LIRR station; Preliminary feasibility indicates approx. 6,750 SF of zoning floor area for a potential three‑story multifamily project
