Detached Brick
For Sale
$975,000
76-04 252nd Street, Bellerose, NY 11426
Two-family residence with a full basement, separate entry, garage, and gas heat.
Property Size1,356 SF
Lot Size0.09 Acres
Days on Market25
Property Features for 76-04 252nd Street
General Information
Standard status
Active
Size
1,356 SF
Total Parking Spaces
1
Lot size
0.09 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,700
Building Details
Building Size
1,356 SF
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Maureen Folan R E Group LLC
(718) 767-8200
Listed By:
Maureen Ramsbottom
Source:
Cottiemaxwellrealestate
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 12 at 11:45AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,147
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$662,940
$662.9K
Cap Rate 7%
$473,529
$473.5K
Cap Rate 9%
$368,300
$368.3K
Market Conditions
NOI Build-Up for 1,356 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $33,147 @ 7.0% cap · market cap 3.40%
Second Best
Multifamily LT 5
$320.6K
$280.6K – $374.1K
NOI $22,444 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$999.7K
$874.7K – $1.17M
NOI $69,976 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
