Duplex with Updated
14514 226th Street, Springfield Gardens, NY 11413
For Sale
$1,199,000
Two separate three-bedroom residences share a fully brick exterior and an attached garage.
Property Size2,070 SF
Price / SF$579.23
Days on Market173
Property Features for 14514 226th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Malonium Realty Group
Listed By:
Akintunde Omojola
(347) 530-6167
Source:
Nmgproperties
Added: May 20
Changed: Nov 7
Last Checked: Nov 7 at 5:50PM
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 Malonium Realty Group
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Investment Insights
Based on property information with market context.
Built in 2000, this detached duplex contains two residences, each with three bedrooms, across a 2,070-square-foot property. Hardwood flooring extends through the interiors, and both kitchens and bathrooms have been updated with granite countertops. The layout also includes a basement with near-ground-level access and an attached garage.
The property is three blocks from a highway.
The property is three blocks from a highway.
Key Highlights
- Detached two‑family property with a 3‑bedroom‑over‑3‑bedroom configuration
- 2,070 square feet; built in 2000
- Brick exterior and attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,600
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,000
$1.0M
Cap Rate 7%
$722,857
$722.9K
Cap Rate 9%
$562,222
$562.2K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$95.6K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$92.0K $44.44/SF
− OpEx
−$41.4K −$20.00/SF
NOI
$50.6K $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%
$1,012,000
Cap Rate 7%
$722,857
Cap Rate 9%
$562,222
Alternative Uses
Best Use
Apartment 5plus
$722.9K
$632.5K – $843.3K
NOI $50,600 @ 7.0% cap · market cap 4.22%
Second Best
Multifamily LT 5
$489.5K
$428.3K – $571.0K
NOI $34,262 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,822 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
871
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
Properties on Market for Duplexes in Springfield Gardens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences share a fully brick exterior and an attached garage.
Where is this duplex located?
The property is located at 14514 226th Street Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Detached two‑family property with a 3‑bedroom‑over‑3‑bedroom configuration; 2,070 square feet; built in 2000; Brick exterior and attached garage
