2-Unit Duplex with Finished
New
For Sale
$1,260,000
Pending
5854 256th Street, Little Neck, NY 11362
Separate full kitchens serve the two residences, with additional finished space and off-street parking.
Property Size1,872 SF
Lot Size0.11 Acres
Days on Market4
Property Features for 5854 256th Street
General Information
Standard status
Pending
Size
1,872 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,862
Amenities
Finished,Full
3
Yes
7
Eat-in Kitchen,Other
Finished, Full
No
Public
2
Driveway, Garage
1872
Building Details
Building Size
1,872 SF
Year Built
1950
Listing Agency:
Century Homes Realty Group LLC
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:25AM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This two-family duplex at 5854 256th Street has 1,872 square feet of living area on an approximately 5,000-square-foot corner parcel. The first-floor residence has three bedrooms, one full bathroom, and a full kitchen; the upper residence offers four bedrooms, two full bathrooms, and a full kitchen. A finished basement has its own access. A detached garage and driveway parking for up to two additional vehicles round out the property.
Shopping, dining, schools, and major roadways are nearby. Q36 and Q12 bus service connects to Flushing, while the LRR provides service to Manhattan and Flushing.
Shopping, dining, schools, and major roadways are nearby. Q36 and Q12 bus service connects to Flushing, while the LRR provides service to Manhattan and Flushing.
Key Highlights
- Two‑family duplex with 1,872 square feet of living area
- Approximately 5,000‑square‑foot corner lot
- First‑floor unit: 3 bedrooms, 1 full bathroom, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,760
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,200
$915.2K
Cap Rate 7%
$653,714
$653.7K
Cap Rate 9%
$508,444
$508.4K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$86.5K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$83.2K $44.44/SF
− OpEx
−$37.4K −$20.00/SF
NOI
$45.8K $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%
$915,200
Cap Rate 7%
$653,714
Cap Rate 9%
$508,444
Alternative Uses
Best Use
Apartment 5plus
$653.7K
$572.0K – $762.7K
NOI $45,760 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$442.6K
$387.3K – $516.4K
NOI $30,985 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,604 @ 7.0% cap · market cap 7.67%
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
610
Businesses Nearby
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Business Placement
Demographics for 11362, NY
18,139
Population
7,634
Households
2.4
Avg Household Size
48
Median Age
52%
College-Educated
93%
High-School Grad
2.1 sq mi
ZIP Area
8,638
Density / Sq Mi
$118,989
Median Household Income
$62,132
Median Earnings
$2,548
Median Rent
$634,500
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 - Separate full kitchens serve the two residences, with additional finished space and off-street parking.
Where is this duplex located?
The property is located at 5854 256th Street Little Neck, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Two‑family duplex with 1,872 square feet of living area; Approximately 5,000‑square‑foot corner lot; First‑floor unit: 3 bedrooms, 1 full bathroom, and a full kitchen
