Two-Family Home with
For Sale
$839,999
104-61 219th Street, Queens Village, NY 11429
Two separate apartments are complemented by a finished basement, private driveway, and detached garage.
Property Size1,296 SF
Price / SF$648.15
Days on Market172
Property Features for 104-61 219th Street
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Duplex
Occupancy
100%
Financials
Asking Price
$839,000
Gross Income
$49,800
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,300
Building Details
Building Size
1,296 SF
Year Built
1925
Buildings
1
Listing Agency:
NMG Properties Inc.
Listed By:
Natasha Green
(516) 887-0000
Source:
Nmgproperties
Added: May 12
Changed: Oct 30
Last Checked: Oct 30 at 2:14AM
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 NMG Properties Inc.
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Investment Insights
Based on property information with market context.
This two-family home contains a first-floor two-bedroom apartment and a one-bedroom unit on the upper floor. The finished basement includes a full bathroom and provides additional interior space. The property also has a private driveway and a detached two-car garage.
Located at 104-61 219th Street in Queens Village, the 1,296-square-foot property was built in 1925.
Located at 104-61 219th Street in Queens Village, the 1,296-square-foot property was built in 1925.
Key Highlights
- Legal two‑family property with a 2‑bedroom first‑floor apartment and 1‑bedroom upper‑floor apartment
- 1,296 square feet; built in 1925
- Finished basement with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,680
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,600
$633.6K
Cap Rate 7%
$452,571
$452.6K
Cap Rate 9%
$352,000
$352.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$59.9K $46.20/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$57.6K $44.44/SF
− OpEx
−$25.9K −$20.00/SF
NOI
$31.7K $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%
$633,600
Cap Rate 7%
$452,571
Cap Rate 9%
$352,000
Alternative Uses
Best Use
Apartment 5plus
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 3.77%
Second Best
Multifamily LT 5
$306.4K
$268.1K – $357.5K
NOI $21,451 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$955.4K
$836.0K – $1.11M
NOI $66,880 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
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 - Two separate apartments are complemented by a finished basement, private driveway, and detached garage.
Where is this duplex located?
The property is located at 104-61 219th Street Queens Village, NY.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Legal two‑family property with a 2‑bedroom first‑floor apartment and 1‑bedroom upper‑floor apartment; 1,296 square feet; built in 1925; Finished basement with full bathroom
