Duplex with Finished
New
For Sale
$899,000
145-105 178th Pl, Springfield Gardens, NY 11434
Both residences have two bedrooms, a kitchen, and a living room; the upper unit also includes additional finished attic space.
Property Size2,304 SF
Price / SF$390.19
Days on Market7
Property Features for 145-105 178th Pl
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Benjamin Reynoso rpfeffer@crrli.net
Source:
Jaida.mappmyhome
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 16 at 2:04PM
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 2,304-square-foot duplex dates to 1925 and contains two residences. Each has two bedrooms, a kitchen, and a living room; the first-floor unit also has a full bathroom. Finished attic space serves the upper unit, and the basement was renovated two years ago and includes OSE. The property can be delivered vacant.
Located at 145-105 178th Pl in Springfield Gardens, Queens, the home is configured as a legal two-family residence.
Located at 145-105 178th Pl in Springfield Gardens, Queens, the home is configured as a legal two-family residence.
Key Highlights
- Two residences, each with two bedrooms, a kitchen, and a living room
- 2,304 square feet; built in 1925
- Finished attic space in the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,320
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,400
$1.1M
Cap Rate 7%
$804,571
$804.6K
Cap Rate 9%
$625,778
$625.8K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$106.4K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.4K $44.44/SF
− OpEx
−$46.1K −$20.00/SF
NOI
$56.3K $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%
$1,126,400
Cap Rate 7%
$804,571
Cap Rate 9%
$625,778
Alternative Uses
Best Use
Apartment 5plus
$804.6K
$704.0K – $938.7K
NOI $56,320 @ 7.0% cap · market cap 6.26%
Second Best
Multifamily LT 5
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,897 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
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 - Both residences have two bedrooms, a kitchen, and a living room; the upper unit also includes additional finished attic space.
Where is this duplex located?
The property is located at 145-105 178th Pl Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms, a kitchen, and a living room; 2,304 square feet; built in 1925; Finished attic space in the upper unit
