Two-Family Brick
114-11 Francis Lewis Blvd, Cambria Heights, NY 11411
For Sale
$940,000
The finished basement adds a separate entrance, room, bathroom, and kitchen to the two-unit residence.
Property Size1,848 SF
Price / SF$508.66
Days on Market8
Property Features for 114-11 Francis Lewis Blvd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
Century 21 Milestone Team Rlty
Listed By:
Sandra V. Morrison
(718) 291-7000
Source:
Searchhomesinlongisland
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 2:05PM
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 Century 21 Milestone Team Rlty
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Investment Insights
Based on property information with market context.
This 1,848-square-foot brick duplex contains two residential units. Each floor has two bedrooms, a living and dining area, a full bathroom, and a kitchen. A finished basement provides a separate entrance, an additional room, bathroom, and kitchen. The property was built in 1950.
The residence is currently tenanted and can be delivered vacant.
The residence is currently tenanted and can be delivered vacant.
Key Highlights
- Two units, each with two bedrooms, a living and dining area, a full bathroom, and a kitchen
- Finished basement with separate entrance, room, bathroom, and kitchen
- 1,848 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,173
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,460
$903.5K
Cap Rate 7%
$645,329
$645.3K
Cap Rate 9%
$501,922
$501.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$85.4K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$82.1K $44.44/SF
− OpEx
−$37.0K −$20.00/SF
NOI
$45.2K $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%
$903,460
Cap Rate 7%
$645,329
Cap Rate 9%
$501,922
Alternative Uses
Best Use
Apartment 5plus
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 4.81%
Second Best
Multifamily LT 5
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,366 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
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Business Placement
Demographics for 11411, NY
19,579
Population
6,775
Households
2.9
Avg Household Size
45
Median Age
36%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
16,316
Density / Sq Mi
$118,393
Median Household Income
$52,378
Median Earnings
$1,605
Median Rent
$621,500
Median Home Value
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Market
Properties on Market for Duplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The finished basement adds a separate entrance, room, bathroom, and kitchen to the two-unit residence.
Where is this duplex located?
The property is located at 114-11 Francis Lewis Blvd Cambria Heights, NY.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Two units, each with two bedrooms, a living and dining area, a full bathroom, and a kitchen; Finished basement with separate entrance, room, bathroom, and kitchen; 1,848 square feet
