Legal Three-Family
New
For Sale
$1,300,000
14212 222nd Street, Laurelton, NY 11413
The R3X-zoned parcel measures 70 by 160 feet and supports a legal three-family use.
Property Size2,000 SF
Lot Size0.26 Acres
Price / SF$650
Days on Market4
Property Features for 14212 222nd Street
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.26 Acres
Property subtype
Residential Income
Zoning
R3X
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,068
Amenities
First Floor Full Bath
Building Details
Building Size
2,000 SF
Year Built
1920
Units
3
Listing Agency:
Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(877) 222-0621
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:08AM
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 Greene Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex property contains 2,000 square feet and was built in 1920. The existing legal three-family use is identified as R3X zoning, and the lot measures 70 by 160 feet.
The property is in Laurelton, with Long Island Rail Road service described as two stops from Jamaica station.
The property is in Laurelton, with Long Island Rail Road service described as two stops from Jamaica station.
Key Highlights
- Legal three‑family property in an R3X zone
- 70‑by‑160‑foot lot
- 2,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.76%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
762
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The R3X-zoned parcel measures 70 by 160 feet and supports a legal three-family use.
Where is this triplex located?
The property is located at 14212 222nd Street Laurelton, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Legal three‑family property in an R3X zone; 70‑by‑160‑foot lot; 2,000 square feet
