Colonial Duplex with Finished
59-56 57th Road Queens, NY 11378
59-56 57th Road, Queens, NY, 11378
$1,190,000
For Sale
$1,190,000
Spacious two-unit colonial with parquet floors, renovated rear veranda, and a finished basement with a private legal bathroom.
Property Size2,000 SF
Price / SF$595
Days on Market11
Property Features for 59-56 57th Road
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
O Kane Realty
(718) 779-1111
Listed by
John O Kane
(718) 779-1111
Source
Compass
Added: Jul 11 Updated: Jul 21 at 8:36AM Checked: Jul 21 at 8:36AM
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 O Kane Realty
Investment Insights
Based on property information with market context.
Set up as a stately two-unit colonial, this property features a first-floor six-room, two-bedroom apartment and a second-floor six-room, four-bedroom apartment. The layout is designed for comfortable, spread-out living, with parquet hardwood floors throughout. The home will be delivered vacant, offering flexibility for owner occupancy, multi-generational use, or other investment plans.
A full, finished basement includes a legal private bathroom, adding additional usable space for storage or recreation. The recently renovated rear veranda provides a dedicated outdoor area for everyday enjoyment. Positioned mid-block, the property offers close proximity to transportation, shopping, schools, and dining, along with low taxes.
A full, finished basement includes a legal private bathroom, adding additional usable space for storage or recreation. The recently renovated rear veranda provides a dedicated outdoor area for everyday enjoyment. Positioned mid-block, the property offers close proximity to transportation, shopping, schools, and dining, along with low taxes.
Key Highlights
- 20 x 50 stately colonial built in 1920 with two units: 1st‑floor 2‑bedroom apartment and 2nd‑floor 4‑bedroom apartment
- Hardwood flooring including parquet hardwood floors throughout, plus a first‑floor bedroom and eat‑in and open kitchen layouts
- Full finished basement with a legal private bathroom for added living and storage space
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $46.20 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $88.9k | $44.44 |
| − OpEx | −$40.0k | −$20.00 |
| NOI | $48.9k | $24.44 |
2,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 4.11%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-unit colonial with parquet floors, renovated rear veranda, and a finished basement with a private legal bathroom.
Where is this duplex located?
The property is located at 59-56 57th Road Queens, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 20 x 50 stately colonial built in 1920 with two units: 1st‑floor 2‑bedroom apartment and 2nd‑floor 4‑bedroom apartment; Hardwood flooring including parquet hardwood floors throughout, plus a first‑floor bedroom and eat‑in and open kitchen layouts; Full finished basement with a legal private bathroom for added living and storage space
