Renovated Two-Family
51-18 48th Street Queens, NY 11377
51-18 48th Street, Queens, NY, 11377
$1,295,000
For Sale
$1,295,000
Renovated two-family home with five bedrooms, hardwood floors, a finished basement, and four dedicated parking spaces.
Property Size1,649 SF
Price / SF$785.32
Days on Market21
Property Features for 51-18 48th Street
General Information
- Standard status
- Active
- Size
- 1,649 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing agency
RE/MAX Team
(718) 429-4400
Listed by
Alberto Lopez · License #40200965071
(718) 429-4400
Source
Compass
Added: Jul 1 Updated: Jul 21 at 3:06AM Checked: Jul 21 at 3:06AM
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 RE/MAX Team
Investment Insights
Based on property information with market context.
This beautifully renovated two-family residence offers five bedrooms in total with hardwood floors throughout. The property also includes a fully finished basement, adding additional usable space. Outside, four dedicated parking spaces provide convenient parking for both residents and guests.
The home is positioned near public transportation and within reach of shopping, schools, parks, and other neighborhood amenities, supporting easy day-to-day access.
With its updated interior layout and dedicated parking, the property is well suited for buyers seeking a residential income asset with practical, resident-friendly features.
The home is positioned near public transportation and within reach of shopping, schools, parks, and other neighborhood amenities, supporting easy day-to-day access.
With its updated interior layout and dedicated parking, the property is well suited for buyers seeking a residential income asset with practical, resident-friendly features.
Key Highlights
- Renovated two‑family home built in 1930 with five bedrooms total
- Hardwood floors throughout
- Finished full basement for added living space
Local 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 | $76.2k | $46.20 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $73.3k | $44.44 |
| − OpEx | −$33.0k | −$20.00 |
| NOI | $40.3k | $24.44 |
1,649 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$575.8K
$503.9K – $671.8K
NOI $40,309 @ 7.0% cap · market cap 3.11%
Second Best
Multifamily LT 5
$389.9K
$341.2K – $454.9K
NOI $27,294 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,096 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family home with five bedrooms, hardwood floors, a finished basement, and four dedicated parking spaces.
Where is this duplex located?
The property is located at 51-18 48th Street Queens, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Renovated two‑family home built in 1930 with five bedrooms total; Hardwood floors throughout; Finished full basement for added living space
