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Property Description
Hidden Gem in the Heart of Bay Terrace | Legal 2-Family | R5 Zoning | Rare Triplex Layout | 2 Private Garages A rare find tucked away in one of Bayside's most desirable residential pockets! This beautifully maintained legal 2-family sits on a 33' × 100' lot and offers approximately 2,628 SF of interior space with an exceptionally wide approx. 72' × 24' building footprint. The main residence features a spacious 3-bedroom, 2-bath triplex with finished lower level, offering the space and privacy of a single-family home, complemented by a separate 1-bedroom rental apartment. Additional finished space with a private entrance provides even more flexibility and functionality. Diamond condition and move-in ready, featuring new siding, insulation, soffits and gutters. Additional highlights include a sunroom, screened terrace with seasonal water views, sauna, 2 private garages, generous driveway parking and solar panels. Even better, enjoy low annual property taxes of only $13,753. R5 zoning adds valuable long-term potential and flexibility. Buyer to independently verify zoning, permitted uses and development possibilities. Currently tenant-occupied with rental income already in place, offering immediate income for investors along with long-term flexibility for future owner occupancy. Enjoy an exceptional location in the heart of Bay Terrace, just moments from Bay Terrace Shopping Center, Little Neck Bay waterfront, Fort Totten Park, neighborhood parks, shopping, dining, schools and express transportation to Manhattan-all while enjoying the privacy of a quiet residential setting. A true Bayside hidden gem offering a rare combination of location, space, income, parking, low taxes and future potential. By appointment only.
Full Property Details
Full Property Details for 215-40 23rd Ave
General
- Price: $1,599,000
- Taxes: $13,756
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1053396
- Updated: 9/21/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: First Floor Bedroom, Chandelier, Eat-in Kitchen, Entrance Foyer, Formal Dining, Kitchen Island, Sauna, Walk-In Closet(s)
- Laundry Facilities: Yes
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Basement
Exterior
- Porch/Patio/Deck: Patio, Screened, Terrace
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 3
- Parking Features: Driveway, Garage
Location
- County: Queens
School Information
- High School District: Queens 25
- Elementary School: Ps 169 Bay Terrace
- Middle School: Bell Academy
- High School: World Journalism Preparatory
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Contemporary
- Detached/Attached: Attached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Finished, Partial, Walk-Out Access
- Building Size: 2628
- Square Feet: 2,628
- Year Built: 1970
Lot Features
- Property View: Water
- Lot Size (Acres): 0.0758
- Lot Size (Sq. Ft.): 3,300
Water Features
- Water View: Yes
Green Features
- Energy Generation: Solar
Financial Considerations
- Tax Amount: $13,756.5
Disclosures and Reports
- Special Conditions: None
- Property ID: 05952-0003
Listed by Homix Realty Inc
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Schools
Schools serving 215-40 23rd Ave
School District:New York City Geographic School District 25
| Name | Grades | Distance |
|---|---|---|
P.S. 169 Bay Terrace 18-25 212th St, Queens, NY 11360 | PK-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 215-40 23rd Ave
Date
Details
Price
Change
Source
9/21/2026
Listed
$1,599,000
62.34%
MLS
11/26/2013
Sold
$985,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 215-40 23rd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,558
—
$70,710
3%
2025
$13,558
6%
$68,925
-16%
2024
$12,779
6%
$82,020
34%
2023
$12,040
2%
$61,344
-32%
2022
$11,758
-3%
$90,300
15%
2021
$12,105
13%
$78,600
6%
2020
$10,668
7%
$74,280
7%
2019
$9,980
2%
$69,480
36%
2017
$9,784
—
$51,120
3%
2017
$9,784
3%
$49,464
1%
2016
$9,506
5%
$49,104
3%
2015
$9,051
159%
$47,865
6%
2014
$3,491
10%
$45,156
6%
2013
$3,167
—
$42,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 215-40 23rd Ave
21540 23rd Avenue, Bayside, NY 11360 (MLS# 1053396) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 21540 23rd Avenue is currently listed for $1,599,000 and was received on September 21, 2026. Want to learn more about 21540 23rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Bayside? You can browse all Bayside real estate or contact a Coldwell Banker agent to request more information.

