Renovated Two-Family
For Sale
$1,099,999
146-38 176TH STREET, Springfield Gardens, NY 11434
Updated kitchens and bathrooms, stainless steel appliances, and a private driveway serve this two-family property.
Property Size3,369 SF
Price / SF$326.51
Days on Market26
Property Features for 146-38 176TH STREET
General Information
Standard status
Active
Size
3,369 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
stainless steel appliances
walk-in basement
Building Details
Construction
brick and siding
Listing Agency:
Voro LLC
Listed By:
Ola Oyetunde
(877) 943-8676
Source:
Gosenproperties
Added: Oct 4
Changed: Oct 28
Last Checked: Oct 28 at 3:45PM
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 3,369-square-foot two-family duplex has a brick-and-siding exterior and a walk-in basement. Renovations include new kitchens, bathrooms, and wood flooring, along with stainless steel appliances.
A private driveway provides on-site parking. The property is in Springfield Gardens, near JFK Airport, a supermarket, highways, schools, and restaurants.
A private driveway provides on-site parking. The property is in Springfield Gardens, near JFK Airport, a supermarket, highways, schools, and restaurants.
Key Highlights
- Two‑family duplex with 3,369 square feet
- Renovated kitchens and bathrooms with stainless steel appliances
- New wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,353
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,060
$1.6M
Cap Rate 7%
$1,176,471
$1.2M
Cap Rate 9%
$915,033
$915.0K
Market Conditions
NOI Build-Up for 3,369 SF
Gross rent
$155.6K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.7K $44.44/SF
− OpEx
−$67.4K −$20.00/SF
NOI
$82.4K $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%
$1,647,060
Cap Rate 7%
$1,176,471
Cap Rate 9%
$915,033
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,353 @ 7.0% cap · market cap 7.49%
Second Best
Multifamily LT 5
$796.6K
$697.0K – $929.4K
NOI $55,762 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,857 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,805
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
Check the figures for this property
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 - Updated kitchens and bathrooms, stainless steel appliances, and a private driveway serve this two-family property.
Where is this duplex located?
The property is located at 146-38 176TH STREET Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Two‑family duplex with 3,369 square feet; Renovated kitchens and bathrooms with stainless steel appliances; New wood flooring
