Legally Two-Family
For Sale
$1,450,000
Pending
5056 47 St, Woodside, NY 11377
Legally two-family duplex renovated in 2022 with updated interiors, split air conditioning, and full occupancy.
Property Size2,276 SF
Days on Market108
Property Features for 5056 47 St
General Information
Standard status
Pending
Size
2,276 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,281
Building Details
Building Size
2,276 SF
Year Built
1930
Year Renovated
2022
Listing Agency:
Century Titan Group Inc
Listed By:
Titan Ren
(718) 428-6888
Source:
Serhant
Added: Jul 20
Changed: Oct 31
Last Checked: Nov 3 at 12:48PM
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 Century Titan Group Inc
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Investment Insights
Based on property information with market context.
This legally two-family duplex is located in the center of Woodside and was renovated in 2022. Updates include new waterproof flooring and marble countertops, along with a high-end bathroom and a split air conditioner system.
Conveniently positioned for daily errands and commuting, the property is about a 10-minute walk to the Queens Blvd #7 train, with a supermarket and park nearby. The home is also close to Highways 278 and 495.
The property is described as being fully occupied, and showings are requested with a pre-approved letter and proof of funds. Any sale may be subject to terms and conditions of an offering plan.
Conveniently positioned for daily errands and commuting, the property is about a 10-minute walk to the Queens Blvd #7 train, with a supermarket and park nearby. The home is also close to Highways 278 and 495.
The property is described as being fully occupied, and showings are requested with a pre-approved letter and proof of funds. Any sale may be subject to terms and conditions of an offering plan.
Key Highlights
- Legally two‑family duplex in Woodside
- Renovated in 2022 with new waterproof flooring
- Marble countertops and updated high‑end bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,635
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,700
$1.1M
Cap Rate 7%
$794,786
$794.8K
Cap Rate 9%
$618,167
$618.2K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$105.2K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.2K $44.44/SF
− OpEx
−$45.5K −$20.00/SF
NOI
$55.6K $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 Rate 5%
$1,112,700
Cap Rate 7%
$794,786
Cap Rate 9%
$618,167
Alternative Uses
Best Use
Apartment 5plus
$794.8K
$695.4K – $927.3K
NOI $55,635 @ 7.0% cap · market cap 3.84%
Second Best
Multifamily LT 5
$538.2K
$470.9K – $627.9K
NOI $37,671 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,453 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,564
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 - Legally two-family duplex renovated in 2022 with updated interiors, split air conditioning, and full occupancy.
Where is this duplex located?
The property is located at 5056 47 St Woodside, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Legally two‑family duplex in Woodside; Renovated in 2022 with new waterproof flooring; Marble countertops and updated high‑end bathroom
