Two-Unit Duplex with Finished
New
For Sale
$1,100,000
14563 181st Street, Springfield Gardens, NY 11413
Two three-bedroom residences are complemented by a finished lower level, backyard, and private driveway parking.
Property Size2,622 SF
Price / SF$419.53
Days on Market4
Property Features for 14563 181st Street
General Information
Standard status
Active
Size
2,622 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,942
Building Details
Building Size
2,622 SF
Year Built
1960
Units
2
Listing Agency:
Voro LLC
Listed By:
Ivone P. Lucio
(347) 552-9817
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
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 Voro LLC
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Investment Insights
Based on property information with market context.
This detached duplex contains two residences, each with three bedrooms and one full bathroom. A finished basement with its own entrance adds usable interior space. The property also includes a backyard and a private driveway with parking for up to four vehicles. Built in 1960, the building measures 2,622 square feet and will be delivered vacant.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- Finished basement with separate entrance
- Private driveway parking for up to four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,093
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,860
$1.3M
Cap Rate 7%
$915,614
$915.6K
Cap Rate 9%
$712,144
$712.1K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$121.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$116.5K $44.44/SF
− OpEx
−$52.4K −$20.00/SF
NOI
$64.1K $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%
$1,281,860
Cap Rate 7%
$915,614
Cap Rate 9%
$712,144
Alternative Uses
Best Use
Apartment 5plus
$915.6K
$801.2K – $1.07M
NOI $64,093 @ 7.0% cap · market cap 5.83%
Second Best
Multifamily LT 5
$620.0K
$542.5K – $723.3K
NOI $43,398 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,308 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,399
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences are complemented by a finished lower level, backyard, and private driveway parking.
Where is this duplex located?
The property is located at 14563 181st Street Springfield Gardens, 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: Two units, each with 3 bedrooms and 1 full bathroom; Finished basement with separate entrance; Private driveway parking for up to four vehicles
