Bayside Two-Family Brick
For Sale
$1,299,000
Pending
5627 210th St, Queens, NY 11364
Two-family brick house in prime Bayside location.
Property Size2,656 SF
Lot Size0.08 Acres
Days on Market262
Property Features for 5627 210th St
General Information
Standard status
Pending
Size
2,656 SF
Lot size
0.08 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$11,514
Building Details
Building Size
2,656 SF
Year Built
1940
Units
2
Listing Agency:
(718) 915-7000
Listed By:
Rob Saunders
(718) 915-7000
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 19
Last Checked: Aug 21 at 9:28AM
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 Rob Saunders
Investment Insights
Based on property information with market context.
Located in the Bayside Hills/Oakland Gardens neighborhood, this two-family brick house features two bedrooms and one bathroom in each unit. Situated on a tree-lined street, the property is suitable for investors or owner-occupants. The property is located in District 26, one of New York City's top school districts. The location provides access to Bell Boulevard restaurants and shops, public transportation, the Long Island Rail Road Bayside station (approximately 30 minutes to Penn Station/Grand Central), QM2/QM20 express buses, shopping, and parks. The property includes an oversized backyard. The property will be delivered vacant.
Key Highlights
- Prime Bayside location in Bayside Hills/Oakland Gardens, walk to Bell Blvd restaurants, shops, public transportation, LIRR, QM2/QM20 express buses, and parks.
- Located in District 26, one of NYC's top school districts.
- Two‑family brick house, perfect for investor or owner‑occupant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,924
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,298,480
$1.3M
Cap Rate 7%
$927,486
$927.5K
Cap Rate 9%
$721,378
$721.4K
Market Conditions
NOI Build-Up for 2,656 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $64,924 @ 7.0% cap · market cap 5.00%
Second Best
Multifamily LT 5
$628.0K
$549.5K – $732.7K
NOI $43,961 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,062 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick house in prime Bayside location.
Where is this duplex located?
The property is located at 5627 210th St Queens, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime Bayside location in Bayside Hills/Oakland Gardens, walk to Bell Blvd restaurants, shops, public transportation, LIRR, QM2/QM20 express buses, and parks.; Located in District 26, one of NYC's top school districts.; Two‑family brick house, perfect for investor or owner‑occupant.
