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    Bellerose Two-Family Home

    8860 240th Street Bellerose, NY 11426

    8860 240th Street, Bellerose, NY, 11426
    $890,000
    Pending
    For Sale
    Claim this Listing
    $890,000
    Pending

    MULTI_FAMILY - Colonial - Bellerose, NY

    Property Size1,580 SF
    Lot Size0.07 Acres
    AddedApr 1
    Days on Market105
    Last RefreshJul 14 at 11:06 pm

    Property Features for 8860 240th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Garage
    Interior features
    First Floor Full Bath
    Fireplace
    1
    Basement
    Finished
    Standard status
    Pending
    APN
    07978-0064
    Size
    1,580 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7523

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Colonial

    Listing agent Chun H. Xie

    Listing office Tony & William R E Brotherhood 33-32 Farrington St 3RD Floor, flushing, NY

    Listing date Apr 1, 2026

    MLS# 979230 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This corner two-family home is located in the Bellerose neighborhood and is currently configured as a spacious single-family residence. The property is situated on a quiet, residential street and is approximately a 20-minute drive to Flushing, Long Island, and JFK Airport, with access to the Cross Island Parkway. Everyday conveniences including public transportation, restaurants, banks, and local shops are nearby. The home is in excellent condition, featuring hardwood flooring throughout, central heating and air conditioning, and a generously sized yard. The property sits on a 3,000 sq ft lot with approximately 1,580 sq ft of interior living space. The layout includes 3 bedrooms, 2 full bathrooms, a loft area, and a full basement. Additional highlights include a detached two-car garage.

    Key Highlights

    • Desirable Bellerose neighborhood location.
    • Currently configured as a spacious single‑family home.
    • Convenient location with easy access to major transportation routes and amenities.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $73.0k $46.20
    − Vacancy −$2.8k −$1.76
    EGI $70.2k $44.44
    − OpEx −$31.6k −$20.00
    NOI $38.6k $24.44
    1,580 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $551.7K
    $482.8K – $643.7K (±1% cap)
    NOI $38,622 @ 7.0% cap · market cap 4.34%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.02M – $1.36M (±1% cap)
    NOI $81,536 @ 7.0% cap · market cap 9.16%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Clothing & Fashion Store Acupuncture (Bike/Boat/Book/etc) Store Gym & Fitness Center Cafe & Coffee Shop Florist

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Single family property - Spacious corner lot home in desirable Bellerose neighborhood.
    Where is this single family property located?
    The property is located at 8860 240th Street Bellerose, NY.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: Desirable Bellerose neighborhood location.; Currently configured as a spacious single‑family home.; Convenient location with easy access to major transportation routes and amenities.
    Contact an agent
    (718) 775-2219
    We can help!
    Contact an agent
    Chun H. Xie
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