Waterfront
6902 Bayfield Ave, Queens, NY 11692
For Sale
$1,199,000
Two rental apartments accompany a larger owner’s residence, with outdoor space along Jamaica Bay.
Property Size3,932 SF
Days on Market11
Property Features for 6902 Bayfield Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private boat slip
Building Details
Building Size
Year Built
Listing Agency:
Revived Residential
Listed By:
Louis E Belisario
(347) 702-3316
Source:
Elliman
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 1:59PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built triplex at 6902 Bayfield Ave in Queens includes an owner’s residence and two rental apartments: one with two bedrooms and another with one bedroom. The property also has a boat slip, a recently installed bulkhead, and substantial yard areas beside the home.
The site faces Jamaica Bay. Current FAR permits more than 11,000 square feet of buildable area; any expansion or redevelopment plans would require further review.
The site faces Jamaica Bay. Current FAR permits more than 11,000 square feet of buildable area; any expansion or redevelopment plans would require further review.
Key Highlights
- Three‑family configuration with a two‑bedroom rental and a one‑bedroom rental
- Current FAR allows more than 11,000 square feet of buildable area
- Waterfront setting on Jamaica Bay with a boat slip
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 - Two rental apartments accompany a larger owner’s residence, with outdoor space along Jamaica Bay.
Where is this triplex located?
The property is located at 6902 Bayfield Ave 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: Three‑family configuration with a two‑bedroom rental and a one‑bedroom rental; Current FAR allows more than 11,000 square feet of buildable area; Waterfront setting on Jamaica Bay with a boat slip
