Two-Family Duplex with
For Sale
$1,495,000
Pending
80-49 89th Avenue, Woodhaven, NY 11421
Residential Income, Woodhaven, NY
Property Size2,600 SF
Lot Size0.11 Acres
Days on Market100
Property Features for 80-49 89th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
5
Parking features
Garage
Security features
Security System
Basement
Full
Lot features
Back Yard
Elementary school
Ps 60 Woodhaven
Middle school
Jhs 210 Elizabeth Blackwell
High school
High School-Construction Trades Engineering & Arc
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Pending
APN
08915-0056
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9734
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ductless
Water source
Public
Amenities
split AC systems
Jacuzzi tub
fenced yard
Building Details
Year built
1960
Number of units
2
Flooring type
Hardwood
Building materials
Brick, Stucco
Architectural style
Ranch
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Shameer Fazal · License #10491207122
(917) 836-3283
Added: May 19
Changed: Aug 20
Last Checked: Aug 26 at 9:06AM
MLS# 1001710
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This two-family duplex offers 2,600 Sq. Ft. of living space along with a separate 1,300 Sq. Ft. high-ceiling basement. The first floor has been renovated with a living room, formal dining room, custom kitchen cabinetry, granite countertops, stainless steel appliances, a primary suite, two additional bedrooms, and two full bathrooms. The second floor provides another living and dining arrangement, three bedrooms, 1.5 baths, and a kitchen equipped with a refrigerator, stove, and dishwasher.
The basement has two separate entrances. Exterior features include a fully fenced yard with pavers, a new front fence, a long cement driveway, and a detached 2-car garage. Construction combines brick and stucco, with hardwood flooring, natural gas heat, ductless cooling, public water, and public sewer. The property was built in 1960 and is located near Jamaica Ave shops, the A and J trains, local buses, and the Jackie Robinson Parkway.
The basement has two separate entrances. Exterior features include a fully fenced yard with pavers, a new front fence, a long cement driveway, and a detached 2-car garage. Construction combines brick and stucco, with hardwood flooring, natural gas heat, ductless cooling, public water, and public sewer. The property was built in 1960 and is located near Jamaica Ave shops, the A and J trains, local buses, and the Jackie Robinson Parkway.
Key Highlights
- 2,600 Sq. Ft. of living space plus a 1,300 Sq. Ft. high‑ceiling basement
- Six‑bedroom, 3.5‑bathroom two‑family configuration
- Detached 2‑car garage with long cement driveway
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
$63,555
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
4.25%
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%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 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
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 8.97%
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
2,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
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 - Renovated first-floor residence with a second apartment, finished outdoor areas, and access to public transportation.
Where is this duplex located?
The property is located at 80-49 89th Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2,600 Sq. Ft. of living space plus a 1,300 Sq. Ft. high‑ceiling basement; Six‑bedroom, 3.5‑bathroom two‑family configuration; Detached 2‑car garage with long cement driveway
