Two-Unit Duplex with
89-44 239th Street, Bellerose, NY 11426
For Sale
New
$1,295,000
Separate living spaces include formal dining rooms and eat-in kitchens in both units.
Property Size2,496 SF
Days on Market5
Property Features for 89-44 239th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
full partially finished basement
private backyard
covered patio
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jo Ann Boettcher · License NY #10401291219
(516) 359-0803
Source:
Cottiemaxwellrealestate
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:20PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Built in 1962, this duplex contains two separate residences. The first-floor unit has three bedrooms, one and a half baths, a living room, formal dining room, and eat-in kitchen. Upstairs, the second unit includes two bedrooms, one full bath, a living room, formal dining room, and eat-in kitchen.
The property has gas heating, a partially finished full basement, and a carport. Outdoor features include a backyard with a covered patio.
The property has gas heating, a partially finished full basement, and a carport. Outdoor features include a backyard with a covered patio.
Key Highlights
- Two units: one with 3 bedrooms and 1.5 baths; the other with 2 bedrooms and 1 full bath
- Both units have a living room, formal dining room, and eat‑in kitchen
- Full basement is partially finished
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,678
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,560
$1.2M
Cap Rate 7%
$881,114
$881.1K
Cap Rate 9%
$685,311
$685.3K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$95.8K $38.40/SF
− Vacancy
−$7.7K −$3.10/SF
EGI
$88.1K $35.30/SF
− OpEx
−$26.4K −$10.59/SF
NOI
$61.7K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,560
Cap Rate 7%
$881,114
Cap Rate 9%
$685,311
Alternative Uses
Best Use
Multifamily LT 5
$881.1K
$771.0K – $1.03M
NOI $61,678 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$871.6K
$762.7K – $1.02M
NOI $61,013 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,806 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
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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
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Market
Properties on Market for Duplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces include formal dining rooms and eat-in kitchens in both units.
Where is this duplex located?
The property is located at 89-44 239th Street Bellerose, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1.5 baths; the other with 2 bedrooms and 1 full bath; Both units have a living room, formal dining room, and eat‑in kitchen; Full basement is partially finished
