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6 Beds
5 Baths
2,550 sqft

$1,499,000

21266 16th Avenue, Bayside NY, 11360

Price per sqft$587.84
Built in1975
Property size2,550 sqft
Property typeMulti-family
Courtesy of Tapestry Real Estate of Queens, James S. Powers Listing Contact: 718-460-1943

Overview

Active

Listed Aug 10, 2026

Updated 43 min ago

Exceptional Bay Terrace Two-Family – Owner-Occupied & Delivered Completely Vacant! A rare opportunity in the heart of Bay Terrace! Offered by the original owners, this spacious brick semi-attached legal two-family residence sits on an approximately 29.25' x 100' lot and offers an outstanding combination of space, versatility, exceptional parking, and future potential. OWNER-OCCUPIED AND DELIVERED COMPLETELY VACANT AT CLOSING, providing immediate flexibility for end users, extended families, or investors. The first-floor apartment features five rooms, two bedrooms, one full bathroom, and a private half-bath in the primary bedroom. The spacious second-floor owner's apartment offers six rooms, including a living room, formal dining room, updated kitchen, three bedrooms, and 1.5 baths, including a private primary half-bath. The home also features a finished walk-in level with an additional bathroom, offering valuable recreational space and flexibility. The building measures approximately 20' x 52'. Exceptional off-street parking is another significant advantage, with a front driveway leading to the built-in garage and a long private side driveway that provides parking for two additional vehicles. R5 ZONING – ADDITIONAL DEVELOPMENT POTENTIAL! Located in an R5 zoning district, the property presents an attractive opportunity to explore conversion to a legal three-family residence, as numerous neighboring properties have done. With approximately 1,800+ square feet of additional potential buildable floor area, subject to verification, the property offers compelling possibilities for increased rental income and long-term appreciation. Buyers should independently verify zoning, allowable floor area, and conversion feasibility with their architect and appropriate municipal authorities. The location is quintessential Bay Terrace! Just a few short blocks from highly regarded P.S. 169 Bay Terrace and moments from the Bay Terrace Shopping Center, offering supermarkets, restaurants, shopping, banking, entertainment, movie theaters, and fitness amenities. Convenient bus service connects to Downtown Flushing, the LIRR, and Manhattan. Beautiful Fort Totten Park and the waterfront are also nearby, offering scenic walking paths, recreation, and expansive open space. A truly exceptional opportunity to acquire an original-owner, owner-occupied Bay Terrace two-family residence, delivered COMPLETELY VACANT AT CLOSING. With generous accommodations, outstanding parking, desirable location, and potential for additional residential development, this property offers tremendous flexibility for immediate occupancy and long-term investment value.

$9,973/mo

Est. mortgage payment based on a $1,499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1036736

Interior Features

Bedrooms
6
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$12,765
Tax Frequency
Annually
Maintenance Expense
$200
Garage
Yes

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gwen Levy shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 8:22 PM UTC on 11/2/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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