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    The Largest CRE Database in the US with Over 1 Million Listings

    84-124 Austin St Kew Gardens, NY 11415

    Sponsored
    For Sale
    $1,299,000

    Townhouse, Multi-Unit (2-4) - Kew Gardens, NY

    Days on Market:
    2
    Last Refresh:
    Feb 13 at 4:06 am

    Property Features for 84-124 Austin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Laundry
    Bedrooms
    4
    Bathrooms
    3
    Parking features
    Garage, Underground/Basement
    Interior features
    Laundry
    Exterior features
    Balcony, Garden
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1994
    Year renovated
    1994
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Ksenia Mowatt
    Ksenia Mowatt

    VILLA GROUP REAL ESTATE LLC

    Listing agent Ksenia Mowatt

    Listing date Feb 12, 2026

    MLS# 11653574 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Multi-Family in Kew Gardens

    This renovated, move-in ready, fully vacant, legal 2-family home is located in Kew Gardens. Constructed in 1994, this all-brick, 3-story building features two separate residential units. Unit 1 includes an open living and dining space, a new kitchen, two bedrooms, and an updated bathroom. Unit 2 also includes two bedrooms and a new kitchen and bathroom. Each unit has a balcony. The above-ground, high-ceiling basement has a separate outside entrance and provides recreation space and storage, leading to a private backyard. Renovations in 2025 included both kitchens with stainless steel appliances, bathrooms, and fresh paint. The home features generously sized master bedrooms with ample closet space, large windows, dishwashers, in-unit washer and dryer hookups, and hardwood floors. There are two gas heating boilers, two hot water tanks, three electric meters, and two gas meters, with three heating zones. The property is near daycare centers, schools, St John's University, hospitals, and shopping areas, including a 24-hour supermarket. It is also close to dining options on Austin St, Metropolitan Ave, Lefferts, and Queens Blvd, Kew Gardens Cinema, and Forest Park. Transportation options include buses to Manhattan, the nearby LIRR station, and the Kew Gardens-Union Tpke subway station with E & F trains to Manhattan. Easy access to Union Tpke, Jackie Robinson Pkwy, Van Wyck Exwy, Grand Central Pkwy, and Queens Blvd. Both JFK and LaGuardia airports are close by. The property is suitable for multi-generational living, rental income, or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kew Gardens
    County
    Queens
    State
    New York
    Longitude
    -73.826115
    Latitude
    40.706136

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      Kew Gardens Mixed-Use Gem

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    FAQs

    What type of property is this?
    Specialty property - Fully vacant, renovated 2-family home in prime Kew Gardens location.
    Where is this specialty property located?
    The property is located at 84-124 Austin St Kew Gardens, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Fully Vacant, Move-In Ready Legal 2-Family Home: Offers immediate owner-occupancy or rental income.; - Prime Kew Gardens Location: Convenient access to transportation, schools, shopping, and parks.; - Renovated in 2025 with New Kitchens and Bathrooms: Features stainless steel appliances and updated fixtures.
    (347) 330-2872
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    84-124 Austin St Kew Gardens, NY 11415
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    Kew Gardens, NY 11415
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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
    84-124 Austin St Kew Gardens, NY 11415
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    We can help!
    Listing Contact
    Ksenia Mowatt
    Ksenia Mowatt
    (347) 330-2872
    Learn more
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