Three-Bedroom Duplex
87-14 57th Road PH-A, Queens, NY 11373
For Sale
$800,000
Two-level living includes a private terrace, two balconies, and recent heating and air-conditioning upgrades.
Property Size1,232 SF
Price / SF$649.35
Days on Market52
Property Features for 87-14 57th Road PH-A
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private terrace
balconies
laundry room
Building Details
Building Size
Year Built
Listing Agency:
Casa Blanca Real Estate
Listed By:
Hannah Bomze
(646) 340-2743
Source:
Carlinwright
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 2:27PM
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 Casa Blanca Real Estate
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Investment Insights
Based on property information with market context.
Penthouse A is an eighth-floor, 1,232-square-foot condominium arranged across two levels, with three bedrooms, two bathrooms, and a great room of nearly 400 square feet. The residence has a private terrace and two balconies, each finished with recently installed wood decking. Multiple exposures bring natural light into the home, while the duplex plan separates the main living areas from the sleeping spaces. First-floor PTAC heating and air-conditioning units have also been newly installed.
The elevator building dates to 1987 and offers a basement laundry room. The condominium is pet-friendly and located near Hoffman Park, Queens Place, Queens Center, and the Queens Boulevard shopping corridor. Woodhaven Boulevard’s M/R subway station is approximately 0.15 miles away; the Grand Avenue–Newtown M/R station and bus service on Queens Boulevard and Woodhaven Boulevard provide additional transit connections.
The elevator building dates to 1987 and offers a basement laundry room. The condominium is pet-friendly and located near Hoffman Park, Queens Place, Queens Center, and the Queens Boulevard shopping corridor. Woodhaven Boulevard’s M/R subway station is approximately 0.15 miles away; the Grand Avenue–Newtown M/R station and bus service on Queens Boulevard and Woodhaven Boulevard provide additional transit connections.
Key Highlights
- 1,232‑square‑foot, two‑level condominium with three bedrooms and two bathrooms
- Nearly 400‑square‑foot great room
- Private terrace and two balconies with newly installed wood decking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,116
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,320
$602.3K
Cap Rate 7%
$430,229
$430.2K
Cap Rate 9%
$334,622
$334.6K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$56.9K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$54.8K $44.44/SF
− OpEx
−$24.6K −$20.00/SF
NOI
$30.1K $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%
$602,320
Cap Rate 7%
$430,229
Cap Rate 9%
$334,622
Alternative Uses
Best Use
Apartment 5plus
$430.2K
$376.5K – $501.9K
NOI $30,116 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$908.2K
$794.7K – $1.06M
NOI $63,577 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Queens, NY
Properties on Market for Residential income properties in Queens
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level living includes a private terrace, two balconies, and recent heating and air-conditioning upgrades.
Where is this residential income property located?
The property is located at 87-14 57th Road PH-A Queens, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,232‑square‑foot, two‑level condominium with three bedrooms and two bathrooms; Nearly 400‑square‑foot great room; Private terrace and two balconies with newly installed wood decking
