Building Details

Building Size 2,656 SF

Year Built 1940

Buildings 1

Construction brick townhouse

Listing Agency: Show Phone

Listed By: Geralda Desir

Source: Goldcrestrealtygrp

Added: Oct 20 Changed: Oct 28 Last Checked: Oct 28 at 4:08PM

Report an Issue

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 Geralda Desir

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This brick, legal two-family townhouse contains two separate residences. Each unit includes three bedrooms, a living room, and two full bathrooms. The property has been renovated, and its finished lower level offers a separate entrance, additional rooms, a living area, and a full bathroom. Use of the lower-level areas is subject to applicable permits, certificates, and municipal requirements.

The property is in Queens School District 26, near Bell Boulevard shopping and dining. QM2 and QM20 express bus service and the Bayside LIRR station are also nearby.

Key Highlights

• Legal two‑family brick townhouse with two separate residential units
• Each unit has 3 bedrooms, a living room, and 2 full bathrooms
• Renovated interiors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,924

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,298,480 $1.3M

Cap Rate 7%

$927,486 $927.5K

Cap Rate 9%

$721,378 $721.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,656 SF

Gross rent

$122.7K $46.20/SF

− Vacancy

−$4.7K −$1.76/SF

EGI

$118.0K $44.44/SF

− OpEx

−$53.1K −$20.00/SF

NOI

$64.9K $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%

$1,298,480

Cap Rate 7%

$927,486

Cap Rate 9%

$721,378

Alternative Uses

Best Use

Apartment 5plus

$927.5K

$811.6K – $1.08M (±1% cap)

NOI $64,924 @ 7.0% cap · market cap 4.33%

Second Best

Multifamily LT 5

$628.0K

$549.5K – $732.7K (±1% cap)

NOI $43,961 @ 7.0% cap · market cap 2.93%

Theoretical Best

Office A

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $137,062 @ 7.0% cap · market cap 9.14%

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

964

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Renovation-Ready Duplex Residence

6912 Cloverdale Boulevard, Oakland Gardens, NY 11364

$1,499,949

2,340 SF

View details

Contemporary Duplex with Detached Garage

61-36 Cloverdale Blvd, Oakland Gardens, NY 11364

$2,480,000

3,430 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Each residence has three bedrooms, a living room, and two full bathrooms.

Where is this duplex located?

The property is located at 56-29 210th Street Oakland Gardens, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Legal two‑family brick townhouse with two separate residential units; Each unit has 3 bedrooms, a living room, and 2 full bathrooms; Renovated interiors