Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    145-33 167Th St Springfield Gardens, NY 11434

    Sponsored
    For Sale
    Pending
    $1,425,000

    Duplex - Springfield Gardens, NY

    Type:Duplex
    Property size:
    2,544 SF
    Lot size:
    0.09 Acres
    Days on Market:
    152
    Last Refresh:
    Feb 1 at 12:06 am

    Property Features for 145-33 167Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    5
    APN
    13286-0009
    Parking features
    Garage
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, High Ceilings, Kitchen Island, Primary Bathroom, Walk-in Closet(s), Washer/Dryer Hookup
    Basement Y/N
    1
    Size
    2,544 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Marc Richter
    Marc Richter

    Commerce Realty Group (646) 342-8959

    Listing agent Marc Richter (718) 751-5799 License #10491212190

    Listing date Sep 3, 2025

    MLS# 894298 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    New Two-Family Home, Income Potential

    This newly constructed two-family home, built in 2025, is designed for modern living and income potential. The property is suitable for a growing family or investor. The first-floor unit features an open-concept living and dining area that flows into a kitchen equipped with an island, cabinetry, and stainless steel appliances, including a refrigerator, freezer, microwave, and dishwasher. This unit has three bedrooms and two full bathrooms, including a primary bedroom with a walk-in closet and en-suite bath. The first-floor unit also includes access to a finished basement with a washer and dryer, full bathroom, and a separate entrance. The second-floor apartment features four bedrooms and two full bathrooms, along with a living and kitchen area, suitable for rental income or extended family. The home is fully electric and includes central air and heating. The exterior features a private driveway, garage, and electric car charging port. The property is located in Springfield Gardens, NY, on a lot of 0.0873 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield Gardens
    County
    Queens
    State
    New York
    Longitude
    -73.800645
    Latitude
    40.722362

    Nearby Similar for Sale

    • New
      $989,000
      0.07 Acres

      Springfield Gardens Multifamily Investment Opportunity

      Two units, convenient location, ideal for investors.
      146-15 221St St, Springfield Gardens, NY 11413
      View Details
    • $1,199,000
      0.08 Acres

      Two-Family Home, Investment Potential

      Legal two-family home with rental income potential in Springfield Gardens.
      16807 144Th Dr, Springfield Gardens, NY 11434
      View Details
    • New
      $1,598,999
      0.09 Acres

      New Construction Two-Family Home

      Legal two-family home in Springfield Gardens with finished basement.
      178-41 146Th Ter, Springfield Gardens, NY 11434
      View Details
    • New
      $1,295,000
      0.09 Acres

      Modern Two-Family Home in Queens

      Recently renovated two-family home with modern amenities and finished basement.
      14411 223Rd St, Springfield Gardens, NY 11413
      View Details
    • $1,475,000
      3,784 SF

      New Construction Four-Family in Queens

      New construction four-family property in Springfield Gardens, Queens.
      218-36 133Rd Rd, Springfield Gardens, NY 11413
      View Details
    • New
      $1,029,000
      0.06 Acres

      Two-Family Home in Springfield Gardens

      Newly built, move-in ready two-family home with rental potential.
      14027 Coombs St, Springfield Gardens, NY 11413
      View Details
    • $1,099,000
      0.06 Acres

      Two-Family Property in Springfield Gardens

      Well-maintained two-family property with strong rental income potential.
      14746 223Rd St, Springfield Gardens, NY 11413
      View Details
    • $1,149,999
      0.09 Acres

      Springfield Gardens Two-Family Home

      Two spacious units near schools, LIRR, shopping, and parks.
      144-37 223Rd St, Springfield Gardens, NY 11413
      View Details
    • $1,175,000
      Pending

      Well-Maintained Duplex in Springfield Gardens

      Duplex with finished basement, ideal for homeowners or investors.
      14426 229Th St, Springfield Gardens, NY 11413
      View Details
    • $765,000
      0.07 Acres

      Updated Detached Springfield Gardens Residence

      Updated 3-bedroom home with modern amenities and convenient location.
      141-22 181St St, Springfield Gardens, NY 11413
      View Details
    • $1,198,000

      Renovated Two-Family Home

      Legal two-family home in Springfield Gardens, fully renovated.
      143-14 222Nd St, Springfield Gardens, NY 11413
      View Details
    • $850,000
      0.15 Acres

      Springfield Gardens Detached Corner Property

      Two-family detached corner property with a finished basement and garage.
      221-20 137Th Ave, Springfield Gardens, NY 11413
      View Details

    FAQs

    What type of property is this?
    Duplex - Newly built two-family home with income potential in Springfield Gardens.
    Where is this duplex located?
    The property is located at 145-33 167Th St Springfield Gardens, NY.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - Newly built (2025) two-family home offering significant rental income potential.; - First-floor unit features 3 bedrooms, 2 full bathrooms, and a finished basement with a separate entrance, full bathroom, and washer/dryer hookup.; - Second-floor unit offers 4 bedrooms, 2 full bathrooms, and a spacious living area.
    (718) 751-5799
    Request Owner's contact information
    145-33 167Th St Springfield Gardens, NY 11434
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    145-33 167Th St
    Springfield Gardens, NY 11434
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    145-33 167Th St Springfield Gardens, NY 11434
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marc Richter
    Marc Richter
    (718) 751-5799
    Learn more
    Google sign-in failed. Please try again or use another login method.