Two-Unit
For Sale
$599,000
113-66 Springfield Blvd, Jamaica, NY 11426
The attached home has separate one-bedroom and two-bedroom living areas, each with a kitchen, living room, and bathroom.
Property Size1,560 SF
Price / SF$383.97
Days on Market407
Property Features for 113-66 Springfield Blvd
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,883
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Entrance Foyer
Building Details
Building Size
1,560 SF
Year Built
1965
Buildings
1
Stories
2
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 12, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:20PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This attached duplex contains two living areas. The first-floor unit has one bedroom, one bathroom, an eat-in kitchen, and a living room, with access to a fenced rear yard. Upstairs, the two-bedroom unit includes one bathroom, an eat-in kitchen, and a living room; an exterior staircase connects it to the rear yard. A one-car garage and a driveway with space for one vehicle are also on the property. The building dates to 1965.
The property is occupied and being sold in as-is physical condition. Current viewing access is limited to the first-floor unit.
The property is occupied and being sold in as-is physical condition. Current viewing access is limited to the first-floor unit.
Key Highlights
- Two attached living areas: one with 1 bedroom and one with 2 bedrooms
- Each unit has an eat‑in kitchen, living room, and 1 bathroom
- Fenced rear yard; upstairs unit has access by exterior staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,133
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,660
$762.7K
Cap Rate 7%
$544,757
$544.8K
Cap Rate 9%
$423,700
$423.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$72.1K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$69.3K $44.44/SF
− OpEx
−$31.2K −$20.00/SF
NOI
$38.1K $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%
$762,660
Cap Rate 7%
$544,757
Cap Rate 9%
$423,700
Alternative Uses
Best Use
Apartment 5plus
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 6.37%
Second Best
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,821 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,503 @ 7.0% cap · market cap 13.44%
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
973
Businesses Nearby
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Business Placement
Demographics for 11426, NY
19,343
Population
6,813
Households
2.8
Avg Household Size
43
Median Age
44%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
13,816
Density / Sq Mi
$107,591
Median Household Income
$57,622
Median Earnings
$2,158
Median Rent
$676,100
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 - The attached home has separate one-bedroom and two-bedroom living areas, each with a kitchen, living room, and bathroom.
Where is this duplex located?
The property is located at 113-66 Springfield Blvd Jamaica, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two attached living areas: one with 1 bedroom and one with 2 bedrooms; Each unit has an eat‑in kitchen, living room, and 1 bathroom; Fenced rear yard; upstairs unit has access by exterior staircase
