Corner Two-Family
New
For Sale
$1,750,000
58-29 230 Street, Bayside, NY 11364
Two residential levels provide matching three-bedroom layouts, with an updated upper apartment and a lower unit ready for renovation.
Property Size2,636 SF
Days on Market4
Property Features for 58-29 230 Street
General Information
Standard status
Active
Size
2,636 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,000
Building Details
Building Size
2,636 SF
Year Built
1960
Buildings
1
Stories
2
Construction
all-brick
Listing Agency:
PowerPaul Realty
Listed By:
Soon K. Jung
(917) 859-0002
Source:
Cottiemaxwellrealestate
Added: Oct 25
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 PowerPaul Realty
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Investment Insights
Based on property information with market context.
This brick two-family duplex was built in 1960 and occupies a corner lot measuring 50 x 100 feet. The 26 x 53-foot building has approximately 1,378 sq. ft. per floor. Each of the first two floors contains three bedrooms and two bathrooms; the second-floor apartment is updated, while the first-floor unit offers scope for renovation. A basement adds one bedroom and one bathroom, with a separate side entrance. A side-facing garage accommodates two cars.
The property is near shopping, restaurants, parks, schools, and transportation, with access to major highways.
The property is near shopping, restaurants, parks, schools, and transportation, with access to major highways.
Key Highlights
- Two‑family brick duplex built in 1960
- 50 x 100‑foot corner lot
- 26 x 53‑foot building footprint with approximately 1,378 sq. ft. per floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,435
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,288,700
$1.3M
Cap Rate 7%
$920,500
$920.5K
Cap Rate 9%
$715,944
$715.9K
Market Conditions
NOI Build-Up for 2,636 SF
Gross rent
$121.8K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$117.2K $44.44/SF
− OpEx
−$52.7K −$20.00/SF
NOI
$64.4K $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%
$1,288,700
Cap Rate 7%
$920,500
Cap Rate 9%
$715,944
Alternative Uses
Best Use
Apartment 5plus
$920.5K
$805.4K – $1.07M
NOI $64,435 @ 7.0% cap · market cap 3.68%
Second Best
Multifamily LT 5
$623.3K
$545.4K – $727.2K
NOI $43,630 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,030 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels provide matching three-bedroom layouts, with an updated upper apartment and a lower unit ready for renovation.
Where is this duplex located?
The property is located at 58-29 230 Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 1960; 50 x 100‑foot corner lot; 26 x 53‑foot building footprint with approximately 1,378 sq. ft. per floor
