Renovated Two-Family
For Sale
$1,295,000
5118 48th Street, Woodside, NY 11377
Renovated two-family home with five bedrooms, finished basement, and four dedicated parking spaces.
Days on Market32
Property Features for 5118 48th Street
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Duplex
Building Details
Building Size
1,649 SF
Year Built
1930
Tenancy
Multi
Listing Agency:
RE/MAX Team
(718) 429-4400
Listed By:
Alberto Lopez · License #40200965071
Source:
Serhant
Added: Jul 1
Changed: Jul 31
Last Checked: Aug 1 at 11:09AM
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.
Renovated two-family home offering modern updates and generous living space. The residence features a total of five bedrooms with hardwood floors throughout, plus a fully finished basement for additional usable area. Outside, there are four dedicated parking spaces, providing convenient parking for both residents and guests.
Located at 5118 48th Street in Woodside, NY 11377, the property is positioned near public transportation and close to shopping, schools, parks, and other neighborhood amenities—an advantage for daily commuting and errands.
Built in 1930, this well-maintained home combines classic housing with interior improvements designed for comfortable, practical living.
Located at 5118 48th Street in Woodside, NY 11377, the property is positioned near public transportation and close to shopping, schools, parks, and other neighborhood amenities—an advantage for daily commuting and errands.
Built in 1930, this well-maintained home combines classic housing with interior improvements designed for comfortable, practical living.
Key Highlights
- Renovated two‑family home with five bedrooms and hardwood floors throughout
- Fully finished basement adds valuable additional living space
- Four dedicated parking spaces for residents and guests
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,550
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 - Renovated two-family home with five bedrooms, finished basement, and four dedicated parking spaces.
Where is this duplex located?
The property is located at 5118 48th Street Woodside, 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 with five bedrooms and hardwood floors throughout; Fully finished basement adds valuable additional living space; Four dedicated parking spaces for residents and guests
