Renovated Two-Unit
New
For Sale
$1,075,000
101-19 159th Avenue, Howard Beach, NY 11414
Separate gas and electric meters serve each apartment, with updated plumbing, heating, wiring, and insulation throughout.
Property Size1,500 SF
Price / SF$716.67
Days on Market6
Property Features for 101-19 159th Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,175
Amenities
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Built-in Features
Chefs Kitchen
Eat-in Kitchen
Entertainment Cabinets
Entrance Foyer
His and Hers Closets
Kitchen Island
Natural Woodwork
Open Floorplan
Open Kitchen
Original Details
Primary Bathroom
Master Downstairs
Quartz/Quartzite Counters
Recessed Lighting
Storage
Building Details
Building Size
1,500 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Benjamin Timlichman · License #10301221443
(718) 551-7770
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 Keller Williams Rlty Landmark
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex has two two-bedroom apartments, each with a kitchen and full bathroom. The first-floor residence features 9.5-foot ceilings, a living room with a built-in fireplace, an eat-in kitchen with an island, and a primary suite with a walk-in closet. The upper apartment includes a family room and walk-in closet. A basement with its own entrance adds a recreation room, full bath, laundry, and utility room. The 40-by-100-foot lot also includes a garage and parking for four cars.
Renovations include a new roof, windows, plumbing, heating and water lines, electrical wiring, insulation, kitchens, and bathrooms. Waterproofing, a French drain, three basement support columns, wood flooring on the first and second floors, and a water filtration system are among the property’s other improvements. Separate gas and electric meters are installed for both units.
The Howard Beach–JFK Airport station, serving the A train and AirTrain JFK, is about two blocks away. A Q11 bus stop is at the corner, and the Belt Parkway is a few minutes’ drive away.
Renovations include a new roof, windows, plumbing, heating and water lines, electrical wiring, insulation, kitchens, and bathrooms. Waterproofing, a French drain, three basement support columns, wood flooring on the first and second floors, and a water filtration system are among the property’s other improvements. Separate gas and electric meters are installed for both units.
The Howard Beach–JFK Airport station, serving the A train and AirTrain JFK, is about two blocks away. A Q11 bus stop is at the corner, and the Belt Parkway is a few minutes’ drive away.
Key Highlights
- Two apartments, each with 2 bedrooms and a full kitchen
- 1,500 square feet on a 40‑by‑100‑foot lot
- Four full bathrooms, including one in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,667
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,340
$733.3K
Cap Rate 7%
$523,814
$523.8K
Cap Rate 9%
$407,411
$407.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$69.3K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$66.7K $44.44/SF
− OpEx
−$30.0K −$20.00/SF
NOI
$36.7K $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%
$733,340
Cap Rate 7%
$523,814
Cap Rate 9%
$407,411
Alternative Uses
Best Use
Apartment 5plus
$523.8K
$458.3K – $611.1K
NOI $36,667 @ 7.0% cap · market cap 3.41%
Second Best
Multifamily LT 5
$354.7K
$310.3K – $413.8K
NOI $24,827 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve each apartment, with updated plumbing, heating, wiring, and insulation throughout.
Where is this duplex located?
The property is located at 101-19 159th Avenue Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and a full kitchen; 1,500 square feet on a 40‑by‑100‑foot lot; Four full bathrooms, including one in the basement
