Detached Two-Family
For Sale
$1,698,000
56-15 199th Street, Fresh Meadows, NY 11365
A three-level layout with a new roof offers flexibility for an owner-occupant or investor.
Property Size2,057 SF
Days on Market51
Property Features for 56-15 199th Street
General Information
Standard status
Active
Size
2,057 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,344
Building Details
Building Size
2,057 SF
Year Built
1945
Buildings
1
Stories
3
Construction
Detached
Listing Agency:
E Realty International Corp
Listed By:
Yujie Shi
(516) 439-6500
Source:
Cottiemaxwellrealestate
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 3 at 10:55AM
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 E Realty International Corp
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Investment Insights
Based on property information with market context.
This detached duplex is configured as a two-family home with three above-grade levels and a recently installed roof. Built in 1945, the property offers a multi-level residential layout suited to owner-occupancy or income-producing use.
The home is located near H-Mart, shopping, dining, and everyday conveniences. It is within School District 26 and benefits from access to transportation options. The property address is 56-15 199th Street, Fresh Meadows, NY 11365.
The home is located near H-Mart, shopping, dining, and everyday conveniences. It is within School District 26 and benefits from access to transportation options. The property address is 56-15 199th Street, Fresh Meadows, NY 11365.
Key Highlights
- Detached two‑family home with three above‑grade levels
- Brand‑new roof
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,282
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,640
$1.0M
Cap Rate 7%
$718,314
$718.3K
Cap Rate 9%
$558,689
$558.7K
Market Conditions
NOI Build-Up for 2,057 SF
Gross rent
$95.0K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.4K $44.44/SF
− OpEx
−$41.1K −$20.00/SF
NOI
$50.3K $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%
$1,005,640
Cap Rate 7%
$718,314
Cap Rate 9%
$558,689
Alternative Uses
Best Use
Apartment 5plus
$718.3K
$628.5K – $838.0K
NOI $50,282 @ 7.0% cap · market cap 2.96%
Second Best
Multifamily LT 5
$486.4K
$425.6K – $567.5K
NOI $34,047 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,151 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
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Business Placement
Demographics for 11365, NY
46,908
Population
16,626
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
84%
High-School Grad
2.5 sq mi
ZIP Area
18,763
Density / Sq Mi
$85,375
Median Household Income
$51,458
Median Earnings
$1,869
Median Rent
$911,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-level layout with a new roof offers flexibility for an owner-occupant or investor.
Where is this duplex located?
The property is located at 56-15 199th Street Fresh Meadows, NY.
What is the asking price?
The asking price for this property is $1,698,000.
What are key features of this property?
This property features: Detached two‑family home with three above‑grade levels; Brand‑new roof; Built in 1945
