Renovated Duplex with
For Sale
$1,424,999
14415 226th Street, Laurelton, NY 11413
Two residential units feature updated interiors, independent utility meters and a finished lower level with its own exterior access.
Property Size2,700 SF
Price / SF$527.78
Days on Market9
Property Features for 14415 226th Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$6,318
Amenities
cathedral ceilings
gourmet kitchen
hardwood floors
mini split system
laundry room
private driveway
garage
yard space
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Cathedral Ceiling(s)
Chandelier
High Ceilings
His and Hers Closets
Kitchen Island
Open Floorplan
Open Kitchen
Quartz/Quartzite Counters
Building Details
Building Size
2,700 SF
Year Built
1955
Buildings
1
Units
2
Construction
brick
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Steven Dianat
(516) 770-2529
Source:
Georgemcknight
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:45PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This detached brick duplex contains 2,700 square feet, with three bedrooms and two bathrooms on each level and an additional full bathroom in the finished basement. The lower level has its own exterior entry, tiled floors, a laundry room and a boiler room with two water heaters. Open living and kitchen areas include an island and peninsula. Hardwood flooring, updated bathrooms and a mini-split system for heating and cooling are among the interior improvements.
Utility service includes three electric meters, two gas meters and 200-amp panels for each unit. Outside, the property has a private concrete driveway with room for a few cars, a 1.5-car garage and yard space. The location is near the Belt, LIRR service, bus routes and shopping.
Utility service includes three electric meters, two gas meters and 200-amp panels for each unit. Outside, the property has a private concrete driveway with room for a few cars, a 1.5-car garage and yard space. The location is near the Belt, LIRR service, bus routes and shopping.
Key Highlights
- Detached brick duplex with 2,700 SF
- Six bedrooms and five bathrooms; each level has 3 bedrooms and 2 bathrooms
- Finished basement includes a full bathroom, laundry room and separate exterior entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.63%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
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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 - Two residential units feature updated interiors, independent utility meters and a finished lower level with its own exterior access.
Where is this duplex located?
The property is located at 14415 226th Street Laurelton, NY.
What is the asking price?
The asking price for this property is $1,424,999.
What are key features of this property?
This property features: Detached brick duplex with 2,700 SF; Six bedrooms and five bathrooms; each level has 3 bedrooms and 2 bathrooms; Finished basement includes a full bathroom, laundry room and separate exterior entry
