Multifamily
New
For Sale
$850,000
14045 Charles Lane, Springfield Gardens, NY 11413
An open basement with a bathroom adds functional space to the residence.
Property Size1,424 SF
Price / SF$596.91
Days on Market4
Property Features for 14045 Charles Lane
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,971
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Building Details
Building Size
1,424 SF
Year Built
2005
Units
2
Listing Agency:
Family Homes Realty Group
Listed By:
Roy Shalom · License #10491211507
(718) 347-8700
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:59AM
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 Family Homes Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property includes an open basement with a bathroom and a long driveway. The residence was built in 2005 and is located near transportation options in Springfield Gardens.
Key Highlights
- Open basement area includes a bathroom
- Long driveway
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,809
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,180
$696.2K
Cap Rate 7%
$497,271
$497.3K
Cap Rate 9%
$386,767
$386.8K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$65.8K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.3K $44.44/SF
− OpEx
−$28.5K −$20.00/SF
NOI
$34.8K $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%
$696,180
Cap Rate 7%
$497,271
Cap Rate 9%
$386,767
Alternative Uses
Best Use
Apartment 5plus
$497.3K
$435.1K – $580.2K
NOI $34,809 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$918.6K – $1.22M
NOI $73,485 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - An open basement with a bathroom adds functional space to the residence.
Where is this multifamily property located?
The property is located at 14045 Charles Lane Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Open basement area includes a bathroom; Long driveway; Built in 2005
