Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    96-19 156Th Ave Howard Beach, NY 11414

    Sponsored
    For Sale
    Pending
    $1,180,000

    Duplex - Howard Beach, NY

    Type:Duplex
    Days on Market:
    281
    Last Refresh:
    Jan 24 at 1:06 pm

    Property Features for 96-19 156Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    Parking features
    Garage
    Interior features
    First Floor Full Bath
    Basement Y/N
    1

    Utilities

    Heating system
    Baseboard
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jane S. Gao

    Century Homes Realty Group LLC (718) 886-6800

    Listing agent Jane S. Gao (718) 886-6800 License #10301212998

    Listing date Apr 19, 2025

    MLS# 837329 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

    Howard Beach Duplex with Garage

    This two-family home includes a two-car garage and is situated on a corner lot. The property, located in Howard Beach, New York, is positioned on a 4,000 square foot lot. The building features 5 bedrooms, 3 bathrooms, and 2 eat-in kitchens. Additional features include a sprinkler system and solar panels. The roof is approximately 10 years old.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Howard Beach
    County
    Queens
    State
    New York
    Longitude
    -73.836752
    Latitude
    40.664066

    Nearby Similar for Sale

    • New
      $1,299,000
      0.09 Acres

      Howard Beach Two-Family Home

      Well-maintained two-family home in Howard Beach with modern amenities.
      16140 98Th St, Howard Beach, NY 11414
      View Details
    • $1,195,000
      Pending

      Spacious Howard Beach Two-Family Home

      Large two-family home on oversized lot in Howard Beach.
      15744 97Th St, Howard Beach, NY 11414
      View Details
    • $950,000
      0.04 Acres

      Howard Beach Three-Family Home

      Three-family home in Howard Beach with strong rental potential.
      10223 164Th Dr, Howard Beach, NY 11414
      View Details
    • $1,048,000
      Pending

      Howard Beach Legal Duplex

      Modern, well-maintained duplex in Howard Beach with income potential.
      15951 160Th Ave, Howard Beach, NY 11414
      View Details
    • $1,350,000
      Pending

      Howard Beach Two-Family Brick Home

      Two-family brick home on an oversized corner lot.
      96-15 165Th Ave, Howard Beach, NY 11414
      View Details
    • $1,199,000
      Pending

      Spacious Two-Family Home in Lindenwood

      Two-family home in Howard Beach with 6 bedrooms and 5 bathrooms.
      8210 149Th Ave, Howard Beach, NY 11414
      View Details
    • $1,429,000

      Howard Beach Legal Two-Family Home

      Large legal two-family home in Howard Beach, Queens.
      155-22 Cohancy St, Howard Beach, NY 11414
      View Details
    • $1,048,000
      0.09 Acres

      Howard Beach Legal Duplex

      Well-maintained legal 2-family duplex in the heart of Howard Beach.
      15951 160Th Ave, Howard Beach, NY 11414
      View Details
    • $1,299,000
      0.09 Acres

      Updated Two-Family Home, Howard Beach

      Two-family home with updated features in Old Howard Beach.
      15721 98Th St, Howard Beach, NY 11414
      View Details
    • $949,000
      0.09 Acres

      Howard Beach Multifamily Property

      Two-family home in Howard Beach with private driveway.
      9501 165Th Ave, Howard Beach, NY 11414
      View Details
    • $975,000
      2,376 SF

      Waterfront Ranch in Howard Beach

      Fully renovated 4-bedroom, 3-bath ranch with waterfront views.
      16209 99Th St, Howard Beach, NY 11414
      View Details
    • $1,399,000

      Howard Beach Hi-Ranch Two-Family Home

      Large semi-detached two-family home in Howard Beach's Lindenwood village.
      7802 151St Ave, Howard Beach, NY 11414
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family home with a two-car garage on a corner lot.
    Where is this duplex located?
    The property is located at 96-19 156Th Ave Howard Beach, NY.
    What is the asking price?
    The asking price for this property is $1,180,000.
    What are key features of this property?
    This property features: - Two-family home with income potential; - Two-car garage; - Corner property on a 4000 sq ft lot
    (718) 886-6800
    Request Owner's contact information
    96-19 156Th Ave Howard Beach, NY 11414
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    96-19 156Th Ave
    Howard Beach, NY 11414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    96-19 156Th Ave Howard Beach, NY 11414
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jane S. Gao
    Real Estate License ID: 10301212998
    (718) 886-6800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.