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 Market62
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) 886-6800
Source:
Serhant
Added: Jul 20
Changed: Sep 8
Last Checked: Sep 19 at 11:38AM
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
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 = 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
$55,635
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
3.84%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
