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Duplex with Finished Basement
New
For Sale
$1,075,000

77-10 252nd Street, Bellerose, NY 11426

Separate entrances and independent utility meters serve the two residential units.

Property Size2,214 SF
Days on Market4

Property Features for 77-10 252nd Street

General Information

Standard status Active
Size 2,214 SF
Total Parking Spaces 1
Property subtype Duplex

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR
Multifamily Units 2
Individually Metered Utilities gas, electricity

Taxes and HOA fees

Annual Taxes $7,128

Amenities

private driveway
large backyard
laundry room
full bathroom
bonus entertainment spaces

Building Details

Building Size 2,214 SF
Year Built 1940
Buildings 1
Construction brick-and-frame
Listing Agency: S H V Real Estate Corp
Listed By: Reema Sharma · License #31SH1064229
Source: Cottiemaxwellrealestate
Added: Oct 28 Changed: Oct 31 Last Checked: Oct 31 at 3:19AM

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 S H V Real Estate Corp

Rey
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Investment Insights

Based on property information with market context.

This 1940-built duplex contains two apartments, each with two bedrooms, plus three bathrooms across the property. The first-floor unit has a formal dining room and a primary bedroom with two closets; the second-floor apartment provides a separate two-bedroom layout. A finished basement adds a laundry room, a full bathroom, and additional recreation space. Each floor has its own entrance, and the building is equipped with two boilers and separate gas and electric meters. A private driveway, one-car garage, and backyard complete the property.

The home is at 77-10 252nd Street in Bellerose. Union Turnpike bus service, E and F train service, major highways, and local shopping are described as steps away. LIRR access and proximity to JFK and LGA airports are also noted.

Key Highlights

  • Two apartments, each with two bedrooms; three bathrooms total
  • Finished basement with laundry room, full bathroom, and recreation space
  • Separate floor entrances, two boilers, and independent gas and electric meters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$54,120
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,400 $1.1M
Cap Rate 7%
$773,143 $773.1K
Cap Rate 9%
$601,333 $601.3K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$102.3K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.4K $44.44/SF
− OpEx
−$44.3K −$20.00/SF
NOI
$54.1K $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%
$1,082,400
Cap Rate 7%
$773,143
Cap Rate 9%
$601,333

Alternative Uses

Best Use
Apartment 5plus
$773.1K
$676.5K – $902.0K (±1% cap)
NOI $54,120 @ 7.0% cap · market cap 5.03%
Second Best
Multifamily LT 5
$523.5K
$458.1K – $610.8K (±1% cap)
NOI $36,645 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,253 @ 7.0% cap · market cap 10.63%
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
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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate entrances and independent utility meters serve the two residential units.
Where is this duplex located?
The property is located at 77-10 252nd Street Bellerose, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; three bathrooms total; Finished basement with laundry room, full bathroom, and recreation space; Separate floor entrances, two boilers, and independent gas and electric meters
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