Building Details

Year Built 1920

Listing Agency: Daniel Gale Sothebys Intl Rlty Show Phone

Listed By: Milana Sadykova · License #10401269092 Show Phone

Source: Exitrealty

Added: Dec 10, 2024 Changed: Sep 1 Last Checked: Sep 15 at 4:23AM

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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 Daniel Gale Sothebys Intl Rlty

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Investment Insights

Based on property information with market context.

This two-family duplex offers 2,700 square feet of residential space with a layout that includes living and dining areas, a finished basement, and a walkout for direct exterior access. The kitchen and both bathrooms feature radiant-heated flooring, while 11-foot ceilings add volume to the interiors. The property was built in 1920 and is described as being in very good condition.

Located at 138-53 82nd Drive in Briarwood, the residence sits within walking distance of a house of worship and Archbishop Molloy High School. An oversized backyard provides additional outdoor space, complementing the home's interior features and finished lower level.

Key Highlights

• Two‑family duplex with 2,700 square feet of residential space
• Finished basement with walkout access
• Radiant‑heated floors in the kitchen and both bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,000

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,320,000 $1.3M

Cap Rate 7%

$942,857 $942.9K

Cap Rate 9%

$733,333 $733.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$124.7K $46.20/SF

− Vacancy

−$4.7K −$1.76/SF

EGI

$120.0K $44.44/SF

− OpEx

−$54.0K −$20.00/SF

NOI

$66.0K $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%

$1,320,000

Cap Rate 7%

$942,857

Cap Rate 9%

$733,333

Alternative Uses

Best Use

Apartment 5plus

$942.9K

$825.0K – $1.10M (±1% cap)

NOI $66,000 @ 7.0% cap · market cap 4.89%

Second Best

Multifamily LT 5

$638.4K

$558.6K – $744.8K (±1% cap)

NOI $44,689 @ 7.0% cap · market cap 3.31%

Theoretical Best

Office A

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,333 @ 7.0% cap · market cap 10.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Gym & Fitness Center Storage Facility Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,126

Businesses Nearby

Explore this area Business Placement

Demographics for 11435, NY

58,980

Population

21,180

Households

2.8

Avg Household Size

38

Median Age

32%

College-Educated

80%

High-School Grad

1.5 sq mi

ZIP Area

39,320

Density / Sq Mi

$79,430

Median Household Income

$43,354

Median Earnings

$1,820

Median Rent

$550,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family residence with radiant-heated floors, high ceilings, and a walkout lower level.

Where is this duplex located?

The property is located at 138-53 82nd Drive Briarwood, NY.

What is the asking price?

The asking price for this property is $1,349,000.

What are key features of this property?

This property features: Two‑family duplex with 2,700 square feet of residential space; Finished basement with walkout access; Radiant‑heated floors in the kitchen and both bathrooms