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    242-16 Pine St Douglaston, NY 11363

    Sponsored
    For Sale
    Pending
    $1,249,000

    Tudor, Duplex - Douglaston, NY

    Type:Duplex
    Property size:
    1,805 SF
    Days on Market:
    398
    Last Refresh:
    Mar 3 at 12:06 pm

    Property Features for 242-16 Pine St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Zoning
    R1-2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    08108-0061
    Parking features
    Off Street
    Size
    1,805 SF

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1940
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick, Frame
    Architectural style
    Tudor

    We can help!

    Listing Contact
    Nicholas S. Liappas
    Nicholas S. Liappas

    Compass Greater NY LLC (212) 913-9058

    Listing agent Nicholas S. Liappas (516) 517-4751 License #10301222619

    Listing date Jan 30, 2025

    MLS# L3578334 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

    Updated Tudor Duplex in Douglaston

    This legal 2-family home, situated on a serene and quiet street, offers versatile living options and modern updates throughout its 2,000 sq ft. The first floor unit features an updated kitchen with contemporary finishes, a cozy living room, a spacious bedroom, and a full bathroom, complemented by hardwood floors. The second floor duplex includes a modern eat-in kitchen with ample counter space, an inviting living room, a comfortable bedroom, a full bathroom, and private laundry. A staircase leads to the third floor, which offers two additional bedrooms and another full bathroom. The basement provides laundry, utilities, and ample storage space. An outdoor deck is ideal for entertaining guests. Located 0.3 miles from the LIRR, this home offers convenient access to transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglaston
    County
    Queens
    State
    New York
    Longitude
    -73.745726
    Latitude
    40.767485

    Nearby Similar for Sale

    • $1,450,000
      0.10 Acres

      Spacious Two-Family Home in Douglaston

      Two-family brick home with versatile living spaces and desirable location.
      243-17 72Nd Ave, Douglaston, NY 11362
      View Details
    • $85,000

      Douglaston Convenience Store Business Opportunity

      Established convenience store, deli, and grocery business for sale.
      42-25 235Th St, Douglaston, NY 11363
      View Details

    FAQs

    What type of property is this?
    Duplex - Legal 2-family home with modern updates and convenient location.
    Where is this duplex located?
    The property is located at 242-16 Pine St Douglaston, NY.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Conveniently located 0.3 miles from the LIRR, ideal for commuters.; - Legal 2-family home offering versatile living options for homeowners or investors.; - Updated kitchens and bathrooms with modern finishes.
    (516) 214-7761
    Request Owner's contact information
    242-16 Pine St Douglaston, NY 11363
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    Douglaston, NY 11363
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    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
    242-16 Pine St Douglaston, NY 11363
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    We can help!
    Listing Contact
    Nicholas S. Liappas
    Nicholas S. Liappas
    Real Estate License ID: 10301222619
    (516) 214-7761 (516) 517-4751
    Learn more
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