Two-Unit Duplex with
For Sale
$1,449,999
11551 208th Street, New York, NY 11411
Two separate floors each provide four bedrooms, two full bathrooms, living and dining areas, and an eat-in kitchen.
Property Size3,200 SF
Price / SF$453.12
Days on Market25
Property Features for 11551 208th Street
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Duplex
Site & Location
Neighborhood
Inwood
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Amenities
laundry connections
private driveway
spacious backyard
Building Details
Year Built
1940
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 6
Changed: Oct 30
Last Checked: Oct 30 at 2:01AM
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 Neil Charles Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured as a two-family duplex, the property contains approximately 3,200 sq. ft. across two floors. Each floor has four bedrooms, two full bathrooms, a living and dining area, and an eat-in kitchen, for a total of eight bedrooms and four bathrooms. Laundry connections are also provided.
The site includes a private driveway, a one-car garage, and a backyard.
The site includes a private driveway, a one-car garage, and a backyard.
Key Highlights
- Two‑floor duplex with 8 bedrooms and 4 full bathrooms
- Approximately 3,200 sq. ft. of interior space
- Each floor has an eat‑in kitchen and living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,300
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,000
$2.2M
Cap Rate 7%
$1,547,143
$1.5M
Cap Rate 9%
$1,203,333
$1.2M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$163.2K $51.00/SF
− Vacancy
−$8.5K −$2.65/SF
EGI
$154.7K $48.35/SF
− OpEx
−$46.4K −$14.50/SF
NOI
$108.3K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,000
Cap Rate 7%
$1,547,143
Cap Rate 9%
$1,203,333
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.35M – $1.81M
NOI $108,300 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,119 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$7.97M
$6.97M – $9.29M
NOI $557,568 @ 7.0% cap · market cap 38.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,606
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate floors each provide four bedrooms, two full bathrooms, living and dining areas, and an eat-in kitchen.
Where is this duplex located?
The property is located at 11551 208th Street New York, NY.
What is the asking price?
The asking price for this property is $1,449,999.
What are key features of this property?
This property features: Two‑floor duplex with 8 bedrooms and 4 full bathrooms; Approximately 3,200 sq. ft. of interior space; Each floor has an eat‑in kitchen and living and dining areas
