Two-Family Home with
New
For Sale
$1,100,000
144-49 223rd Street, Laurelton, NY 11413
The 1996 residence offers two-family configuration and on-site driveway parking.
Property Size2,112 SF
Price / SF$520.83
Days on Market4
Property Features for 144-49 223rd Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,058
Amenities
Unfinished
3
Yes
Other
Public
No
Driveway
2112
Building Details
Building Size
2,112 SF
Year Built
1996
Listing Agency:
(516) 703-2918
Listed By:
Barbara Murray
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:07PM
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 Barbara Murray
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Investment Insights
Based on property information with market context.
Built in 1996, this 2,112-square-foot duplex is configured as a two-family home and includes a driveway. The property is in the Laurelton and Springfield Gardens vicinity, near highways, bus and train service, shopping, restaurants, parks, and schools.
Key Highlights
- 2,112‑square‑foot two‑family residence
- Built in 1996
- Driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,627
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,540
$1.0M
Cap Rate 7%
$737,529
$737.5K
Cap Rate 9%
$573,633
$573.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$97.6K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$93.9K $44.44/SF
− OpEx
−$42.2K −$20.00/SF
NOI
$51.6K $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%
$1,032,540
Cap Rate 7%
$737,529
Cap Rate 9%
$573,633
Alternative Uses
Best Use
Apartment 5plus
$737.5K
$645.3K – $860.5K
NOI $51,627 @ 7.0% cap · market cap 4.69%
Second Best
Multifamily LT 5
$499.4K
$437.0K – $582.6K
NOI $34,957 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,989 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
892
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 1996 residence offers two-family configuration and on-site driveway parking.
Where is this duplex located?
The property is located at 144-49 223rd Street Laurelton, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,112‑square‑foot two‑family residence; Built in 1996; Driveway parking
