Waterfront Triplex with Boat
69-02 BAYFIELD Avenue, Queens, NY 11692
For Sale
$1,199,000
Legal three-family residence with a private boat slip and direct access to Jamaica Bay.
Property Size3,932 SF
Lot Size0.26 Acres
Price / SF$304.93
Days on Market13
Property Features for 69-02 BAYFIELD Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Revived Residential
Listed By:
Louis E Belisario
(347) 702-3316
Source:
Howardhannanyc
Added: Oct 26
Changed: Nov 6
Last Checked: Nov 6 at 2:45PM
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 Revived Residential
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Investment Insights
Based on property information with market context.
This 1920-built, approximately 3,932-square-foot legal three-family residence contains a three-bedroom owner’s unit, a second three-bedroom apartment, and a one-bedroom apartment. Two separate basement areas are located at the front and rear of the home. The property also has a newly built bulkhead and a private boat slip with access to Jamaica Bay.
The 11,533-square-foot parcel measures 64 feet wide by 180 feet deep and is zoned R4-1. Its waterfront setting and existing residential configuration bring together three legal apartments, outdoor space, and boat access on one property.
The 11,533-square-foot parcel measures 64 feet wide by 180 feet deep and is zoned R4-1. Its waterfront setting and existing residential configuration bring together three legal apartments, outdoor space, and boat access on one property.
Key Highlights
- Legal three‑family residence with units configured as 3 bedrooms, 3 bedrooms, and 1 bedroom
- Approximately 3,932 square feet; built in 1920
- 11,533‑square‑foot parcel measuring 64 feet wide by 180 feet deep
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,115
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,922,300
$1.9M
Cap Rate 7%
$1,373,071
$1.4M
Cap Rate 9%
$1,067,944
$1.1M
Market Conditions
NOI Build-Up for 3,932 SF
Gross rent
$181.7K $46.20/SF
− Vacancy
−$6.9K −$1.76/SF
EGI
$174.8K $44.44/SF
− OpEx
−$78.6K −$20.00/SF
NOI
$96.1K $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%
$1,922,300
Cap Rate 7%
$1,373,071
Cap Rate 9%
$1,067,944
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,115 @ 7.0% cap · market cap 8.02%
Second Best
Multifamily LT 5
$929.7K
$813.5K – $1.08M
NOI $65,081 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,910 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 11692, NY
22,776
Population
8,475
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
1.0 sq mi
ZIP Area
22,776
Density / Sq Mi
$49,507
Median Household Income
$39,737
Median Earnings
$1,274
Median Rent
$650,000
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family residence with a private boat slip and direct access to Jamaica Bay.
Where is this triplex located?
The property is located at 69-02 BAYFIELD Avenue Queens, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Legal three‑family residence with units configured as 3 bedrooms, 3 bedrooms, and 1 bedroom; Approximately 3,932 square feet; built in 1920; 11,533‑square‑foot parcel measuring 64 feet wide by 180 feet deep
