Duplex with Finished
New
For Sale
$1,228,888
10008 157th Avenue, Howard Beach, NY 11414
Separate entrances serve two residential units, each with washer and dryer hookups.
Property Size2,650 SF
Price / SF$463.73
Days on Market4
Property Features for 10008 157th Avenue
General Information
Standard status
Active
Size
2,650 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA + basement 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,804
Amenities
washer/dryer hookup
Finished
Carpet,Ceramic Tile
3
Yes
8
ENERGY STAR Qualified Windows
Eat-in Kitchen
No
Public
Driveway
2650
Building Details
Building Size
2,650 SF
Year Built
1920
Stories
2
Listing Agency:
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:04PM
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 Randy Kral
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Investment Insights
Based on property information with market context.
This two-family property contains 2,650 SF and has three separate entrances. The first-floor unit includes three bedrooms and one bathroom, plus access to a finished basement with two additional bedrooms, a bathroom, and 6-foot ceilings. The second-floor unit offers three bedrooms, one bathroom, a kitchen and living room in an open layout, 13-foot ceilings, and crawl-space storage.
Building systems include a hydronic boiler installed less than 10 years ago, three independent electrical panels, and two gas meters. Each unit has washer and dryer hookups. The property also has a driveway and a detached two-car garage.
Building systems include a hydronic boiler installed less than 10 years ago, three independent electrical panels, and two gas meters. Each unit has washer and dryer hookups. The property also has a driveway and a detached two-car garage.
Key Highlights
- Legal two‑family property with three separate entrances
- 2,650 SF building
- First‑floor unit has three bedrooms plus a finished basement with two bedrooms, one bathroom, and 6‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,778
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,560
$1.3M
Cap Rate 7%
$925,400
$925.4K
Cap Rate 9%
$719,756
$719.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$122.4K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.8K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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%
$1,295,560
Cap Rate 7%
$925,400
Cap Rate 9%
$719,756
Alternative Uses
Best Use
Apartment 5plus
$925.4K
$809.7K – $1.08M
NOI $64,778 @ 7.0% cap · market cap 5.27%
Second Best
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,753 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve two residential units, each with washer and dryer hookups.
Where is this duplex located?
The property is located at 10008 157th Avenue Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,228,888.
What are key features of this property?
This property features: Legal two‑family property with three separate entrances; 2,650 SF building; First‑floor unit has three bedrooms plus a finished basement with two bedrooms, one bathroom, and 6‑foot ceilings
