Building Details

Building Size 1,356 SF

Year Built 1950

Buildings 1

Construction brick

Listing Agency: Maureen Folan R E Group LLC

Listed By: Maureen Ramsbottom Show Phone

Source: Cottiemaxwellrealestate

Added: Aug 6 Changed: Oct 4 Last Checked: Oct 16 at 6:04PM

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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 Maureen Folan R E Group LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This detached brick two-family residence was built in 1950 and includes four bedrooms, two full bathrooms, and one half bathroom. The property also offers a full basement with a separate entrance, a one-car garage, and gas heat. It sits on a 50' x 80' lot and provides a residential configuration suited to both owner occupancy and income use.

The home is located near schools, shopping, restaurants, parks, transportation, and major highways in Bellerose, New York. Its established neighborhood setting and combination of living space, basement access, and garage create a practical multifamily property profile.

Key Highlights

• Detached brick two‑family home built in 1950
• 50' x 80' lot
• Four bedrooms and 2.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,147

Cap Rate

3.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$662,940 $662.9K

Cap Rate 7%

$473,529 $473.5K

Cap Rate 9%

$368,300 $368.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,356 SF

Gross rent

$62.6K $46.20/SF

− Vacancy

−$2.4K −$1.76/SF

EGI

$60.3K $44.44/SF

− OpEx

−$27.1K −$20.00/SF

NOI

$33.1K $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%

$662,940

Cap Rate 7%

$473,529

Cap Rate 9%

$368,300

Alternative Uses

Best Use

Apartment 5plus

$473.5K

$414.3K – $552.5K (±1% cap)

NOI $33,147 @ 7.0% cap · market cap 3.40%

Second Best

Multifamily LT 5

$320.6K

$280.6K – $374.1K (±1% cap)

NOI $22,444 @ 7.0% cap · market cap 2.30%

Theoretical Best

Office A

$999.7K

$874.7K – $1.17M (±1% cap)

NOI $69,976 @ 7.0% cap · market cap 7.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,131

Businesses Nearby

Explore this area Business Placement

Demographics for 11426, NY

19,343

Population

6,813

Households

2.8

Avg Household Size

43

Median Age

44%

College-Educated

88%

High-School Grad

1.4 sq mi

ZIP Area

13,816

Density / Sq Mi

$107,591

Median Household Income

$57,622

Median Earnings

$2,158

Median Rent

$676,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family residence with a full basement, separate entry, garage, and gas heat.

Where is this duplex located?

The property is located at 76-04 252nd Street Bellerose, NY.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Detached brick two‑family home built in 1950; 50' x 80' lot; Four bedrooms and 2.5 bathrooms