Detached 2-Family
New
For Sale
$1,099,888
110-23 Monterey Street, Queens Village, NY 11429
Two three-bedroom layouts are complemented by a finished basement, private yard, and driveway parking.
Property Size2,288 SF
Price / SF$480.72
Days on Market2
Property Features for 110-23 Monterey Street
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,538
Building Details
Building Size
2,288 SF
Year Built
1960
Buildings
1
Units
2
Listing Agency:
Keller Williams Rlty Landmark
Listed By:
Deirdre A. Folan · License #10301200720
(718) 475-2724
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:20PM
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 detached two-family property contains 2,288 square feet. Each of its two residential levels has a living room, dining room, kitchen, three bedrooms, and one full bathroom. A finished full basement has a separate entrance, while the exterior includes a private yard and a long driveway with parking for multiple cars.
The property is in Queens Village, with transportation and shopping described as convenient nearby options. Built in 1960, the layout provides two separate three-bedroom residences within one building.
The property is in Queens Village, with transportation and shopping described as convenient nearby options. Built in 1960, the layout provides two separate three-bedroom residences within one building.
Key Highlights
- Detached legal two‑family property with 2,288 square feet
- Two residential levels, each with 3 bedrooms and 1 full bathroom
- Each level includes a living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,929
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,580
$1.1M
Cap Rate 7%
$798,986
$799.0K
Cap Rate 9%
$621,433
$621.4K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$105.7K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.7K $44.44/SF
− OpEx
−$45.8K −$20.00/SF
NOI
$55.9K $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%
$1,118,580
Cap Rate 7%
$798,986
Cap Rate 9%
$621,433
Alternative Uses
Best Use
Apartment 5plus
$799.0K
$699.1K – $932.2K
NOI $55,929 @ 7.0% cap · market cap 5.08%
Second Best
Multifamily LT 5
$541.0K
$473.4K – $631.2K
NOI $37,870 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,072 @ 7.0% cap · market cap 10.73%
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
1,658
Businesses Nearby
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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 three-bedroom layouts are complemented by a finished basement, private yard, and driveway parking.
Where is this duplex located?
The property is located at 110-23 Monterey Street Queens Village, NY.
What is the asking price?
The asking price for this property is $1,099,888.
What are key features of this property?
This property features: Detached legal two‑family property with 2,288 square feet; Two residential levels, each with 3 bedrooms and 1 full bathroom; Each level includes a living room, dining room, and kitchen
