Two-Family Residential
84-89 129th Street Kew Gardens, NY 11415
84-89 129th Street, Kew Gardens, NY, 11415
$945,000
Pending
For Sale
$945,000
Pending
Two-family home with a shared driveway in Kew Gardens, offered for sale.
Property Size1,555 SF
Days on Market589
Property Features for 84-89 129th Street
General Information
- Standard status
- Pending
- Size
- 1,555 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing agency
RE/MAX Real Estate Professiona
(718) 532-2000
Listed by
Hugo Salazar · License #31SA1010105
(718) 532-2000
Source
Exitrealty
Added: Dec 9, 2024 Updated: Jul 21 at 12:41AM Checked: Jul 21 at 5:11AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This two-family residential property features a shared driveway and a straightforward duplex layout designed to support two separate households within one building.
The home is located at 84-89 129th Street in Kew Gardens, NY 11415.
As a two-family structure, it is well suited for buyers seeking residential income property configuration with separate dwelling units on the same site.
The home is located at 84-89 129th Street in Kew Gardens, NY 11415.
As a two-family structure, it is well suited for buyers seeking residential income property configuration with separate dwelling units on the same site.
Key Highlights
- Two‑family home built in 1915
- Shared driveway (shared drive way)
- Located in Kew Gardens
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.8k | $46.20 |
| − Vacancy | −$2.7k | −$1.76 |
| EGI | $69.1k | $44.44 |
| − OpEx | −$31.1k | −$20.00 |
| NOI | $38.0k | $24.44 |
1,555 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$543.0K
$475.1K – $633.5K
NOI $38,011 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$367.7K
$321.7K – $429.0K
NOI $25,738 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,245 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with a shared driveway in Kew Gardens, offered for sale.
Where is this duplex located?
The property is located at 84-89 129th Street Kew Gardens, NY.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Two‑family home built in 1915; Shared driveway (shared drive way); Located in Kew Gardens
