Renovated Two-Family
New
For Sale
$1,275,000
Pending
100-33 205th Street, Hollis, NY 11423
A fenced property with a private driveway and detached garage offers two separate residential units.
Property Size1,848 SF
Lot Size0.08 Acres
Days on Market4
Property Features for 100-33 205th Street
General Information
Standard status
Pending
Size
1,848 SF
Lot size
0.08 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,251
Amenities
fully fenced
Finished,Full,Walk-Out Access
Wood
5
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Chandelier,Primary Bathroom,Master Downstairs,Quartz/Quartzite Counters,Recessed Lighting
Finished, Full, Walk-Out Access
Back Yard,Fenced,Front Yard,Full
Public
Detached, Driveway, Garage, Private
Awning(s)
1848
Building Details
Building Size
1,848 SF
Year Built
1925
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This renovated two-family duplex contains 1,848 square feet on a 34.17-by-100-foot lot. The first unit has a living and dining area, a new kitchen, three bedrooms, and two full bathrooms. The second unit spans two levels and also includes living and dining areas, a new kitchen, three bedrooms, and two full bathrooms. A finished basement with a separate exterior entrance adds a family room, two additional rooms, and a full bathroom. Updates include the roof, siding, flooring, electrical and plumbing systems, kitchens, and bathrooms. The exterior includes fencing, a private driveway, and a detached garage.
The property is in Hollis, near shopping, supermarkets, banks, parks, and schools. Nearby Q2 and Q77 bus service connects with transit hubs and subway service, while the LIRR station provides another commuter option.
The property is in Hollis, near shopping, supermarkets, banks, parks, and schools. Nearby Q2 and Q77 bus service connects with transit hubs and subway service, while the LIRR station provides another commuter option.
Key Highlights
- Two residential units, each with three bedrooms and two full bathrooms
- 1,848 square feet on a 34.17‑by‑100‑foot lot
- Finished basement with separate outside entrance, family room, two additional rooms, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,173
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,460
$903.5K
Cap Rate 7%
$645,329
$645.3K
Cap Rate 9%
$501,922
$501.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$85.4K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$82.1K $44.44/SF
− OpEx
−$37.0K −$20.00/SF
NOI
$45.2K $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 Rate 5%
$903,460
Cap Rate 7%
$645,329
Cap Rate 9%
$501,922
Alternative Uses
Best Use
Apartment 5plus
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 3.54%
Second Best
Multifamily LT 5
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,366 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
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Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A fenced property with a private driveway and detached garage offers two separate residential units.
Where is this duplex located?
The property is located at 100-33 205th Street Hollis, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two residential units, each with three bedrooms and two full bathrooms; 1,848 square feet on a 34.17‑by‑100‑foot lot; Finished basement with separate outside entrance, family room, two additional rooms, and full bathroom
