Renovated Two-Family in Springfield
14590 226th Street, Springfield Gardens, NY 11413
- Added:
- Apr 15, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 14 at 2:06 pm
Property Features for 14590 226th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Basement, Dining Room, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath, Chefs Kitchen, Formal Dining, Granite Counters, Primary Bathroom, Master Downstairs, Recessed Lighting, Walk Through Kitchen, Washer/Dryer Hookup
- Basement
- Finished, Full
- Standard status
- Pending
- APN
- 13473-0058
- Size
- 3,000 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7960
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Energy Star Qualified Equipment (Heating)
- Cooling system
- ENERGY STAR Qualified Equipment, Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Building materials
- Brick, Frame
Listing agent Gabriel Kashi (347) 419-5268
Listing office Keystone Realty USA Corp 60 E Main St, E. Northport, NY (631) 261-2800
Listing date Apr 15, 2026
MLS# 985423
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑generating two‑family property with $4,000/month potential rental income.
- Newly renovated and move‑in‑ready with modern luxury finishes.
- Spacious layout with over 3,000 sq/ft, featuring a 3‑bedroom owner's unit, a 3‑bedroom rental unit, plus a finished basement.
- Modern kitchens feature custom cabinetry and stainless steel appliances.
- Convenient location near transportation, shopping, restaurants, parks, and JFK Airport.
- New upgrades including wide oak wood flooring, recessed lighting, electrical, heating, plumbing, and energy‑efficient central A/C.
Overview
Located on a tree-lined street on the Springfield Gardens/Rosedale border, this newly renovated two-family property at 145-90-226th Street offers modern luxury and move-in readiness. The 21x50 built property provides over 3,000 sq ft of living space on a lot of 0.0615 acres. It features a wide private driveway and ample yard space suitable for outdoor gatherings. Configured as a 3-bedroom, 2-bath rental unit, it has the potential to generate $4,000 per month to assist with mortgage payments, along with a 3-bedroom, 2-bath owner's unit, plus a high-ceiling full finished basement with both interior and exterior access. Both units include expansive, sun-drenched living areas and formal dining areas that overlook elegant kitchens. The kitchens feature floor-to-ceiling custom cabinetry and stainless steel appliances. Spacious bedrooms offer ample closet space, and the primary suite includes a private en suite with spa-like finishes. Renovations include new wide oak wood flooring, recessed lighting, and updated electrical, heating, and plumbing systems, as well as energy-efficient split-unit central A/C systems. The property is conveniently located near major transportation options, providing easy commuting. It is also a short distance from 147th Avenue, Springfield Blvd, Conduit service road, Belt Parkway, Green Acres Commons, JFK Airport, schools, shopping centers, restaurants, parks, and other neighborhood amenities.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.75%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Springfield Gardens
- County
- Queens
- State
- New York
- Longitude
- -73.75499
- Latitude
- 40.660325
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turn-key two-family home with income potential in Springfield Gardens.
Where is this duplex located?
The property is located at 14590 226th Street Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Income‑generating two‑family property with $4,000/month potential rental income.; **Newly renovated and move‑in‑ready with modern luxury finishes.**; Spacious layout with over 3,000 sq/ft, featuring a 3‑bedroom owner's unit, a 3‑bedroom rental unit, plus a finished basement.
