Brick Two-Family
For Sale
$1,350,000
50-22 43rd Street, Woodside, NY 11377
Two residential units are complemented by a finished basement, attached garage, and rear parking.
Property Size1,825 SF
Days on Market158
Property Features for 50-22 43rd Street
General Information
Standard status
Active
Size
1,825 SF
Total Parking Spaces
3
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,825
Building Details
Building Size
1,825 SF
Year Built
1945
Buildings
1
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Serhant
Added: Apr 3
Changed: Sep 6
Last Checked: Sep 6 at 2:21PM
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
Investment Insights
Based on property information with market context.
This 1945 brick two-family home includes two separate apartments, each with two bedrooms, arranged across the first and second floors. The property also offers a finished basement, an attached one-car garage, and two rear parking spaces. Hardwood flooring, abundant natural light, and a bay window add to the interior appeal. The upper apartment has an updated open kitchen with grey cabinetry, stone countertops, and subway tile backsplash.
Located at 50-22 43rd Street in Woodside, the property sits near the Sunnyside area and provides access to the 7 Train at 40th St-Lowery St and the LIRR in Woodside. Midtown Manhattan is described as a 15-minute train ride away. Shopping, cafes, and restaurants along Skillman Avenue and Queens Boulevard are nearby, as are P.S. 199 and Woodside Community School.
Located at 50-22 43rd Street in Woodside, the property sits near the Sunnyside area and provides access to the 7 Train at 40th St-Lowery St and the LIRR in Woodside. Midtown Manhattan is described as a 15-minute train ride away. Shopping, cafes, and restaurants along Skillman Avenue and Queens Boulevard are nearby, as are P.S. 199 and Woodside Community School.
Key Highlights
- Two 2‑bedroom apartments across the first and second floors
- 1945 brick construction
- Finished basement with a family room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$892,220
$892.2K
Cap Rate 7%
$637,300
$637.3K
Cap Rate 9%
$495,678
$495.7K
Market Conditions
NOI Build-Up for 1,825 SF
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.
Gross rent
$84.3K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.1K $44.44/SF
− OpEx
−$36.5K −$20.00/SF
NOI
$44.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$892,220
Cap Rate 7%
$637,300
Cap Rate 9%
$495,678
Alternative Uses
Best Use
Apartment 5plus
$637.3K
$557.6K – $743.5K
NOI $44,611 @ 7.0% cap · market cap 3.30%
Second Best
Multifamily LT 5
$431.5K
$377.6K – $503.5K
NOI $30,207 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,179 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,575
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by a finished basement, attached garage, and rear parking.
Where is this duplex located?
The property is located at 50-22 43rd Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two 2‑bedroom apartments across the first and second floors; 1945 brick construction; Finished basement with a family room
