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

    85-24 125 Street Kew Gardens, NY 11415

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    Claim this Listing
    New
    For Sale
    $1,199,000

    MULTI_FAMILY - Kew Gardens, NY

    Lot size:
    0.05 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 14 at 4:06 pm

    Property Features for 85-24 125 Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    First Floor Full Bath
    Basement
    Finished
    Standard status
    Active
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8600

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    3
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Olga Mayayeva GRI SRS CBR
    Olga Mayayeva GRI SRS CBR

    Listing agent Olga Mayayeva GRI SRS CBR License #10301206644

    Listing office EXP Realty 6856 Groton St, Hauppauge, NY

    Listing date Apr 14, 2026

    MLS# 984615 Listing URL

    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.

    Overview

    Kew Gardens Three-Family Home

    Located in Kew Gardens, NY, this semi-detached three-family home presents an ownership opportunity. Constructed in 1910, the property is configured with a total of 4 bedrooms and 3.5 bathrooms, offering versatile living arrangements. The first level features a 2-bedroom, 1.5-bath layout, including an eat-in kitchen, living space, and access to a private backyard with a porch. A finished basement provides additional space suitable for a recreation room, home office, or storage. The second floor contains two 1-bedroom, 1-bath apartments. The property will be delivered fully vacant, allowing for setting market rents or creating a custom living arrangement. Situated on a 22 x 104 lot, the building footprint measures 20 x 54. The annual property taxes are $8,711. The property is located close to transportation, shopping, dining, and other amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

    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
    -73.826533
    Latitude
    40.703513

    Nearby Similar for Sale

    • $1,199,000

      Renovated Multi-Family in Prime Location

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    • $1,590,000

      Kew Gardens Two-Family Home

      Well-maintained two-family home in the heart of Kew Gardens.
      8414 Lefferts Boulevard, Kew Gardens, NY 11415
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    • $1,988,000

      Kew Gardens Multifamily House

      Nine-bedroom, six-bathroom house in Kew Gardens, Queens.
      127-22 Kew Gardens Road, Kew Gardens, NY 11415
      View Details
    • $1,172,500

      Renovated Two-Family Home, Kew Gardens

      Two-family home with renovations, yard, driveway, and garage near amenities.
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    • $80,000

      Established Dry Cleaning Business Opportunity

      Long-standing dry cleaning business for sale in Kew Gardens.
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    • $1,299,000

      Kew Gardens Vacant Two-Family Home

      Vacant, renovated two-family home near transportation and amenities.
      84-124 Austin St, Kew Gardens, NY 11415
      View Details

    FAQs

    What type of property is this?
    Triplex - Semi-detached, three-family home in Kew Gardens, delivered vacant.
    Where is this triplex located?
    The property is located at 85-24 125 Street Kew Gardens, NY.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Delivered Vacant: Rare opportunity to set market rents or customize living arrangements in all three units.; Prime Kew Gardens Location: Highly desirable neighborhood close to transportation, shopping, dining, and amenities.; 3‑Family Home: Strong income potential for investors or flexible living arrangements for end‑users.
    (718) 781-3074
    We can help!
    Listing Contact
    Olga Mayayeva GRI SRS CBR
    Olga Mayayeva GRI SRS CBR
    Real Estate License ID: 10301206644
    Learn More
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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
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