Two-Family
For Sale
$750,000
109-29 205th Street, Queens Village, NY 11412
A two-family property with B3 zoning and additional buildable area.
Property Size1,728 SF
Lot Size0.07 Acres
Price / SF$434.03
Days on Market78
Property Features for 109-29 205th Street
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.07 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,960
Building Details
Building Size
1,728 SF
Year Built
1930
Listing Agency:
Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(888) 278-5840
Source:
Nmgproperties
Added: Aug 14
Changed: Oct 30
Last Checked: Oct 30 at 1:49AM
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 Greene Realty Group
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Investment Insights
Based on property information with market context.
This duplex dates to 1930 and is configured for two-family use. The property includes 1,728 square feet of building area on a 3,000-square-foot lot, with B3 zoning.
The site has a stated floor area ratio of 0.75 and a maximum allowable build of 2,250 square feet. The listing also identifies 510 square feet of additional buildable area.
The site has a stated floor area ratio of 0.75 and a maximum allowable build of 2,250 square feet. The listing also identifies 510 square feet of additional buildable area.
Key Highlights
- Two‑family conversion with 1,728 square feet of building area
- B3 zoning; 0.75 FAR on a 3,000‑square‑foot lot
- 510 square feet of additional buildable area; 2,250‑square‑foot maximum allowable build
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,240
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,800
$844.8K
Cap Rate 7%
$603,429
$603.4K
Cap Rate 9%
$469,333
$469.3K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$79.8K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$76.8K $44.44/SF
− OpEx
−$34.6K −$20.00/SF
NOI
$42.2K $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%
$844,800
Cap Rate 7%
$603,429
Cap Rate 9%
$469,333
Alternative Uses
Best Use
Apartment 5plus
$603.4K
$528.0K – $704.0K
NOI $42,240 @ 7.0% cap · market cap 5.63%
Second Best
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,173 @ 7.0% cap · market cap 11.89%
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 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
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 - A two-family property with B3 zoning and additional buildable area.
Where is this duplex located?
The property is located at 109-29 205th Street Queens Village, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family conversion with 1,728 square feet of building area; B3 zoning; 0.75 FAR on a 3,000‑square‑foot lot; 510 square feet of additional buildable area; 2,250‑square‑foot maximum allowable build
