2-Unit
For Sale
$799,000
141-38 249th Street, Rosedale, NY 11422
The occupied property is offered without interior access, with buyers responsible for independent due diligence.
Property Size1,762 SF
Price / SF$453.46
Days on Market31
Property Features for 141-38 249th Street
General Information
Standard status
Active
Size
1,762 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$851,384
Building Details
Building Size
1,762 SF
Year Built
1930
Units
2
Listing Agency:
Keller Williams Landmark II
Listed By:
Afshin Termechi · License #40TE0981811
(347) 846-1200
Source:
Croninreale
Added: Sep 24
Changed: Oct 23
Last Checked: Oct 23 at 5:31PM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This 2-unit duplex contains 1,762 square feet and dates to 1930. It is being sold in its present condition, and interior access is not currently available.
The property has occupants, but their identities, status, and tenancy arrangements have not been established. Buyers are responsible for independently verifying condition, legal use, unit configuration, occupancy, rents, violations, zoning, and municipal requirements. The sale is limited to cash buyers.
The property has occupants, but their identities, status, and tenancy arrangements have not been established. Buyers are responsible for independently verifying condition, legal use, unit configuration, occupancy, rents, violations, zoning, and municipal requirements. The sale is limited to cash buyers.
Key Highlights
- Two‑unit duplex with 1,762 square feet
- Built in 1930
- Occupied property; occupant and tenancy details are unknown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,071
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,420
$861.4K
Cap Rate 7%
$615,300
$615.3K
Cap Rate 9%
$478,567
$478.6K
Market Conditions
NOI Build-Up for 1,762 SF
Gross rent
$81.4K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.3K $44.44/SF
− OpEx
−$35.2K −$20.00/SF
NOI
$43.1K $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%
$861,420
Cap Rate 7%
$615,300
Cap Rate 9%
$478,567
Alternative Uses
Best Use
Apartment 5plus
$615.3K
$538.4K – $717.9K
NOI $43,071 @ 7.0% cap · market cap 5.39%
Second Best
Multifamily LT 5
$416.6K
$364.6K – $486.1K
NOI $29,164 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,928 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
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Business Placement
Demographics for 11422, NY
32,839
Population
10,694
Households
3.1
Avg Household Size
41
Median Age
33%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
15,638
Density / Sq Mi
$108,519
Median Household Income
$51,788
Median Earnings
$2,327
Median Rent
$629,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied property is offered without interior access, with buyers responsible for independent due diligence.
Where is this duplex located?
The property is located at 141-38 249th Street Rosedale, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,762 square feet; Built in 1930; Occupied property; occupant and tenancy details are unknown
