Oversized Duplex With 4 Separate
For Sale
$1,429,000
Pending
151-10 85th Dr, Briarwood, NY 11432
MULTI_FAMILY - Other - Briarwood, NY
Property Size2,520 SF
Lot Size0.09 Acres
Days on Market102
Property Features for 151-10 85th Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Laundry Room, Bedroom 7
Subdivision
Briarwood
High school district
28
Directions
Property is located between Parsons Blvd and 150 Street, between Hillside ave and Grand Central pkwy.
Standard status
Pending
Size
2,520 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9651
Utilities
Heating system
Steam, Natural Gas
Water source
Other
Amenities
backyard
Building Details
Year built
1920
Floors in Building
2
Flooring type
Granite, Carpet, Hardwood
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
BEST TEAM REALTY
(718) 526-0749
Listed By:
Ruth Demetriou
(718) 526-0749
Added: May 11
Changed: Aug 5
Last Checked: Aug 20 at 10:06AM
MLS# 11742248
Copyright © 2026 My State 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 oversized duplex was built in 1920 and offers flexible living possibilities with a 7+7 room layout and multiple access points. The property sits on a 0.0918-acre lot with a 2,520 SF total building size. Vinyl siding and a slate roof help define the exterior.
The first floor features a large living room with parquet floors, a formal dining room, a total of 7 rooms, an eat-in kitchen (EIK), and a full bathroom, with 20 windows. The second floor includes 7 rooms, a kitchen with granite countertops, new floors and new appliances, plus a full bath. A walk-up attic adds 2 additional rooms (unfinished) for bonus use.
A finished basement provides additional living or storage flexibility, including a recreation/storage area, boiler room, and laundry room, with high ceilings and 7 windows. The property has separate entrance access, a private driveway, a 1-car garage, and a backyard. Utilities include 2 electrical meters, circuit breakers, 2 gas meters, 2 boilers, and one water heater. Heating is natural gas steam, and interior finishes include hardwood, carpet, and granite.
The first floor features a large living room with parquet floors, a formal dining room, a total of 7 rooms, an eat-in kitchen (EIK), and a full bathroom, with 20 windows. The second floor includes 7 rooms, a kitchen with granite countertops, new floors and new appliances, plus a full bath. A walk-up attic adds 2 additional rooms (unfinished) for bonus use.
A finished basement provides additional living or storage flexibility, including a recreation/storage area, boiler room, and laundry room, with high ceilings and 7 windows. The property has separate entrance access, a private driveway, a 1-car garage, and a backyard. Utilities include 2 electrical meters, circuit breakers, 2 gas meters, 2 boilers, and one water heater. Heating is natural gas steam, and interior finishes include hardwood, carpet, and granite.
Key Highlights
- 2,520 SF duplex on a 0.0918‑acre lot
- 7+7 layout plus walk‑up attic with 2 additional unfinished rooms
- First floor: large living room with parquet floors, formal DR, 7 rooms, and 20 windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,232,000
$1.2M
Cap Rate 7%
$880,000
$880.0K
Cap Rate 9%
$684,444
$684.4K
Market Conditions
NOI Build-Up for 2,520 SF
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.
Gross rent
$116.4K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$112.0K $44.44/SF
− OpEx
−$50.4K −$20.00/SF
NOI
$61.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,232,000
Cap Rate 7%
$880,000
Cap Rate 9%
$684,444
Alternative Uses
Best Use
Apartment 5plus
$880.0K
$770.0K – $1.03M
NOI $61,600 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$595.9K
$521.4K – $695.2K
NOI $41,710 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,044 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 1920, this oversized duplex offers flexible living with 4 separate entrances, natural gas steam heat, and a slate roof.
Where is this duplex located?
The property is located at 151-10 85th Dr Briarwood, NY.
What is the asking price?
The asking price for this property is $1,429,000.
What are key features of this property?
This property features: 2,520 SF duplex on a 0.0918‑acre lot; 7+7 layout plus walk‑up attic with 2 additional unfinished rooms; First floor: large living room with parquet floors, formal DR, 7 rooms, and 20 windows
