Multifamily Property with Private
For Sale
$1,249,000
14014 Charles Lane, Springfield Gardens, NY 11413
Finished walk-out space, natural gas service, and an open floor plan support flexible residential use.
Property Size4,000 SF
Days on Market8
Property Features for 14014 Charles Lane
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,029
Amenities
Wall/Window Unit(s)
Natural Gas
Finished, Full, Walk-Out Access
Cathedral Ceiling(s), Open Floorplan
Driveway, Private
Building Details
Building Size
4,000 SF
Year Built
2005
Listing Agency:
Fave Realty Inc
(516) 967-8019
Listed By:
Jerome Jones
(516) 967-8019
Source:
Evrealestate
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 5 at 4:59AM
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 Fave Realty Inc
Investment Insights
Based on property information with market context.
Built in 2005, this multifamily property includes finished full walk-out space, cathedral ceilings, and an open floor plan. Interior features also include wall/window unit(s) and natural gas. A private driveway provides on-site access and parking area functionality.
The property is located on a dead-end block in Springfield Gardens, Queens. Access is available from Springfield Boulevard, with an additional approach from 140th Avenue to Springfield Boulevard. The property address is 14014 Charles Lane, Springfield Gardens, NY 11413.
The property is located on a dead-end block in Springfield Gardens, Queens. Access is available from Springfield Boulevard, with an additional approach from 140th Avenue to Springfield Boulevard. The property address is 14014 Charles Lane, Springfield Gardens, NY 11413.
Key Highlights
- Multifamily property constructed in 2005
- Finished full walk‑out interior space
- Cathedral ceilings and open floor plan
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 | $184.8k | $46.20 |
| − Vacancy | −$7.0k | −$1.76 |
| EGI | $177.8k | $44.44 |
| − OpEx | −$80.0k | −$20.00 |
| NOI | $97.8k | $24.44 |
4,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 11413, NY
42,978
Population
14,485
Households
3
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
3.0 sq mi
ZIP Area
14,326
Density / Sq Mi
$114,766
Median Household Income
$50,525
Median Earnings
$2,038
Median Rent
$631,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Finished walk-out space, natural gas service, and an open floor plan support flexible residential use.
Where is this multifamily property located?
The property is located at 14014 Charles Lane Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Multifamily property constructed in 2005; Finished full walk‑out interior space; Cathedral ceilings and open floor plan
