Duplex with Basement Summer
New
For Sale
$1,039,000
50-17 46th Street, Woodside, NY 11377
The residence includes a basement summer kitchen and is currently configured for three dwelling spaces.
Property Size1,348 SF
Price / SF$770.77
Days on Market3
Property Features for 50-17 46th Street
General Information
Standard status
Active
Size
1,348 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
need TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,582
Building Details
Building Size
1,348 SF
Year Built
1925
Units
3
Listing Agency:
Winzone Realty Inc
Listed By:
Mo Tian
(347) 200-8885
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:04PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This duplex, built in 1925, contains 1,348 square feet and includes a summer kitchen in the basement. It is legally configured for two dwellings and is currently being used as three dwelling spaces. The property requires attention to its condition.
Key Highlights
- Legally configured for two dwellings; currently used as three
- Basement summer kitchen
- 1,348 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,951
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,020
$659.0K
Cap Rate 7%
$470,729
$470.7K
Cap Rate 9%
$366,122
$366.1K
Market Conditions
NOI Build-Up for 1,348 SF
Gross rent
$62.3K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$59.9K $44.44/SF
− OpEx
−$27.0K −$20.00/SF
NOI
$33.0K $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%
$659,020
Cap Rate 7%
$470,729
Cap Rate 9%
$366,122
Alternative Uses
Best Use
Apartment 5plus
$470.7K
$411.9K – $549.2K
NOI $32,951 @ 7.0% cap · market cap 3.17%
Second Best
Multifamily LT 5
$318.7K
$278.9K – $371.9K
NOI $22,312 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$993.8K
$869.5K – $1.16M
NOI $69,563 @ 7.0% cap · market cap 6.70%
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
1,977
Businesses Nearby
Explore this area
Business Placement
Demographics for 11377, NY
91,512
Population
34,928
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
82%
High-School Grad
2.5 sq mi
ZIP Area
36,605
Density / Sq Mi
$73,292
Median Household Income
$45,978
Median Earnings
$1,802
Median Rent
$670,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes a basement summer kitchen and is currently configured for three dwelling spaces.
Where is this duplex located?
The property is located at 50-17 46th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: Legally configured for two dwellings; currently used as three; Basement summer kitchen; 1,348 square feet
