Brick
61-40 219th Street, Bayside, NY 11364
For Sale
$1,580,000
Pending
Residential Income, Bayside, NY
Property Size3,088 SF
Lot Size0.06 Acres
Days on Market76
Property Features for 61-40 219th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Fencing
Basement
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
walk-out basement
private driveway
attached garage
backyard
balcony
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
RE/MAX 1st Choice · RE/MAX International
(516) 888-6000
Listed By:
Po Wei Tair
(917) 406-6026
Added: Aug 31
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 1044990
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,088-square-foot brick triplex contains three residences. The first-floor apartment is vacant and has two bedrooms, one bathroom, a living room, and a kitchen. Each upper-floor apartment offers three bedrooms, a full bathroom, a living room, a formal dining room, and a kitchen. A partially finished, full walk-out basement has its own entrance. The property also includes three gas meters, three electric meters, three heating units, a private driveway, an attached one-car garage, a backyard, and a balcony.
The 24.83-by-100-foot parcel is in Bayside, near Springfield Boulevard shopping and dining, Alley Pond Park, the Long Island Expressway, and Union Turnpike bus service. The home was built in 1964 and is served by public water and public sewer.
The 24.83-by-100-foot parcel is in Bayside, near Springfield Boulevard shopping and dining, Alley Pond Park, the Long Island Expressway, and Union Turnpike bus service. The home was built in 1964 and is served by public water and public sewer.
Key Highlights
- Legal three‑family property with 3,088 square feet
- Three residences: one two‑bedroom unit and two three‑bedroom units
- Lot measures 24.83 x 100 feet (0.057 acres)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,307
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,140
$1.5M
Cap Rate 7%
$1,090,100
$1.1M
Cap Rate 9%
$847,856
$847.9K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$118.6K $38.40/SF
− Vacancy
−$9.6K −$3.10/SF
EGI
$109.0K $35.30/SF
− OpEx
−$32.7K −$10.59/SF
NOI
$76.3K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,526,140
Cap Rate 7%
$1,090,100
Cap Rate 9%
$847,856
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.8K – $1.27M
NOI $76,307 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$1.08M
$943.6K – $1.26M
NOI $75,484 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,356 @ 7.0% cap · market cap 10.09%
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
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
872
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
$770,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered residences include a vacant two-bedroom unit and two three-bedroom layouts.
Where is this triplex located?
The property is located at 61-40 219th Street Bayside, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Legal three‑family property with 3,088 square feet; Three residences: one two‑bedroom unit and two three‑bedroom units; Lot measures 24.83 x 100 feet (0.057 acres)
