Two-Unit Duplex with Separate
New
For Sale
$1,250,000
145-56 180th St, Springfield Gardens, NY 11434
Built in 2009, the property includes in-unit laundry, central air, and a fenced backyard with a stone patio.
Property Size1,737 SF
Price / SF$719.63
Days on Market4
Property Features for 145-56 180th St
General Information
Standard status
Active
Size
1,737 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$6,835
Amenities
in-unit laundry
central air
stone patio
fully fenced backyard
private driveway
EV charging
Energy Star windows
solar panels
Finished
3
No
Yes
Aluminum Frames,Double Pane Windows,ENERGY STAR Qualified Windows,Insulated Windows
First Floor Bedroom,First Floor Full Bath,ENERGY STAR Qualified Door(s),Entrance Foyer,Granite Counters,High Ceilings,High Speed Internet,Open Floorplan,Primary Bathroom,Quartz/Quartzite Counters
First Floor Bedroom,First Floor Full Bath,ENERGY STAR Qualified Door(s),Entrance Foyer,Granite Counters,High Ceilings,High Speed Internet,Open Floorplan,Primary Bathroom,Quartz/Quartzite Counters,Rec
Back Yard,Fenced,Vinyl
Public
Storm Door(s)
2
Driveway, On Street
Garden,Rain Gutters
Concrete Perimeter
Municipal
1737
Public Maintained Road
Building Details
Building Size
1,737 SF
Year Built
2009
Listing Agency:
Julia B Fee Sothebys Int. Rlty
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:14PM
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 Julia B Fee Sothebys Int. Rlty
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Investment Insights
Based on property information with market context.
This 1,737-square-foot duplex contains two separate residences, each with its own gas and electric meters, in-unit laundry, and central air. The lower unit has two bedrooms, two full baths, a finished basement, and a granite kitchen with premium appliances. Upstairs, the one-bedroom unit includes a full bath, granite kitchen, and attic storage. The building dates to 2009 and has solar panels and ENERGY STAR windows.
Outside, a stone patio sits within the fenced backyard, and the private driveway accommodates four cars. The property is approximately 3 miles from JFK, 20 minutes from LGA, and 10 minutes from Green Acres Mall and the Five Towns shopping areas. Other stated destinations include UBS Arena, Citi Field, the USTA Tennis Center, Rockaway Beach, and Long Beach. Access options include the MTA, LIRR, Jamaica transit hub, Belt Parkway, Van Wyck, Cross Island, and Southern State.
Outside, a stone patio sits within the fenced backyard, and the private driveway accommodates four cars. The property is approximately 3 miles from JFK, 20 minutes from LGA, and 10 minutes from Green Acres Mall and the Five Towns shopping areas. Other stated destinations include UBS Arena, Citi Field, the USTA Tennis Center, Rockaway Beach, and Long Beach. Access options include the MTA, LIRR, Jamaica transit hub, Belt Parkway, Van Wyck, Cross Island, and Southern State.
Key Highlights
- Two residences totaling 1,737 square feet
- Lower unit has 2 bedrooms, 2 full baths, and a finished basement
- Upper residence includes 1 bedroom and attic storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,460
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,200
$849.2K
Cap Rate 7%
$606,571
$606.6K
Cap Rate 9%
$471,778
$471.8K
Market Conditions
NOI Build-Up for 1,737 SF
Gross rent
$80.2K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$77.2K $44.44/SF
− OpEx
−$34.7K −$20.00/SF
NOI
$42.5K $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%
$849,200
Cap Rate 7%
$606,571
Cap Rate 9%
$471,778
Alternative Uses
Best Use
Apartment 5plus
$606.6K
$530.8K – $707.7K
NOI $42,460 @ 7.0% cap · market cap 3.40%
Second Best
Multifamily LT 5
$410.7K
$359.4K – $479.2K
NOI $28,750 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,638 @ 7.0% cap · market cap 7.17%
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
2,809
Businesses Nearby
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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 - Built in 2009, the property includes in-unit laundry, central air, and a fenced backyard with a stone patio.
Where is this duplex located?
The property is located at 145-56 180th St Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residences totaling 1,737 square feet; Lower unit has 2 bedrooms, 2 full baths, and a finished basement; Upper residence includes 1 bedroom and attic storage
