Detached Two-Family
56-20 217th Street, Bayside, NY 11364
For Sale
$1,549,000
Each residence has its own laundry set, supporting separate household routines within the shared property.
Property Size2,132 SF
Price / SF$726.55
Days on Market9
Property Features for 56-20 217th Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
dedicated laundry
Finished,Full
Hardwood
3
No
Yes
4
Formal Dining
Finished, Full
Public
Detached, Private
2132
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 12:35PM
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 Daniel Gale Sothebys Intl Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached duplex contains two residences and offers 2,132 square feet of living area. The exterior combines brick and siding, and the property includes finished space and hardwood flooring. Formal dining areas are noted, along with separate laundry sets for each residence. Mechanical updates include a newer burner and water tank.
The home sits on a mid-block lot in Oakland Gardens. Nearby amenities include local shopping and Manhattan Express Bus service. School assignments listed for the property are PS 203, MS 74, and Cardozo High School.
The home sits on a mid-block lot in Oakland Gardens. Nearby amenities include local shopping and Manhattan Express Bus service. School assignments listed for the property are PS 203, MS 74, and Cardozo High School.
Key Highlights
- Detached two‑family residence with 2,132 square feet
- Separate laundry sets serve each residence
- Brick and siding exterior; newer burner and water tank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,116
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,320
$1.0M
Cap Rate 7%
$744,514
$744.5K
Cap Rate 9%
$579,067
$579.1K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$98.5K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.8K $44.44/SF
− OpEx
−$42.6K −$20.00/SF
NOI
$52.1K $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%
$1,042,320
Cap Rate 7%
$744,514
Cap Rate 9%
$579,067
Alternative Uses
Best Use
Apartment 5plus
$744.5K
$651.5K – $868.6K
NOI $52,116 @ 7.0% cap · market cap 3.36%
Second Best
Multifamily LT 5
$504.1K
$441.1K – $588.1K
NOI $35,288 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,021 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 11364, NY
37,032
Population
14,527
Households
2.5
Avg Household Size
45
Median Age
49%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
14,813
Density / Sq Mi
$101,222
Median Household Income
$55,295
Median Earnings
$2,330
Median Rent
$770,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Bayside
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry set, supporting separate household routines within the shared property.
Where is this duplex located?
The property is located at 56-20 217th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Detached two‑family residence with 2,132 square feet; Separate laundry sets serve each residence; Brick and siding exterior; newer burner and water tank
