Renovated Two-Family
New
For Sale
$1,249,000
14014 Charles Lane, Springfield Gardens, NY 11413
MULTI_FAMILY - Springfield Gardens, NY
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$312.25
Days on Market2
Property Features for 14014 Charles Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 6, Bathroom 1
Interior features
A/C Unit - Window
Basement
Finished, Full
Subdivision
Springfield Gardens
Standard status
Active
Size
4,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9029
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Roof type
Shingle
Listing Agency:
Fave Manhattan
(646) 642-4340
Listed By:
Rahreese Kenchen · License #RMR005476
(646) 642-4340
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 503381
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
140-14 Charles Lane is a renovated two-family residence with a flexible, move-in-ready setup for owner-occupants or investors. The property was updated from top to bottom and features two spacious units, each with three bedrooms and two full bathrooms. Interiors include open-concept living and dining areas, designer kitchens with custom cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and finished bathrooms with contemporary fixtures. A fully finished lower level adds an additional full bathroom and includes a separate outside entrance.
Set on a 0.086-acre lot, the home includes hardwood flooring, a window A/C unit, and a shingle roof. A spacious private driveway provides off-street parking for multiple vehicles. The property is located in Springfield Gardens, Queens, with convenient access to major roadways and transit options.
Built in 2005, this two-family home is designed to support comfortable day-to-day living with additional flexible space in the lower level and an oversized private backyard for gatherings or relaxation.
Set on a 0.086-acre lot, the home includes hardwood flooring, a window A/C unit, and a shingle roof. A spacious private driveway provides off-street parking for multiple vehicles. The property is located in Springfield Gardens, Queens, with convenient access to major roadways and transit options.
Built in 2005, this two-family home is designed to support comfortable day-to-day living with additional flexible space in the lower level and an oversized private backyard for gatherings or relaxation.
Key Highlights
- Two‑family residence with two units, each featuring three bedrooms and two full bathrooms
- Fully finished lower level with a full bathroom and separate outside entrance
- Designer kitchens with custom cabinetry, quartz countertops, and stainless steel appliances
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
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 5.30%
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
Property Profile
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?
Duplex - Renovated two-family home in R3-1 zoning with three-bedroom layouts, two full baths per unit, and off-street driveway parking.
Where is this duplex 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: Two‑family residence with two units, each featuring three bedrooms and two full bathrooms; Fully finished lower level with a full bathroom and separate outside entrance; Designer kitchens with custom cabinetry, quartz countertops, and stainless steel appliances
