Duplex with Private
New
For Sale
$1,099,999
146-38 176TH STREET, Springfield Gardens, NY 11434
Residential Income, Springfield Gardens, NY
Property Size3,369 SF
Price / SF$326.51
Days on Market2
Property Features for 146-38 176TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4
Subdivision
Jamaica
High school district
29
Directions
G P S
Standard status
Active
Size
3,369 SF
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
stainless steel appliances
Building Details
Floors in Building
2
Flooring type
Hardwood
Building materials
Vinyl Siding, Brick
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Ola Oyetunde
(917) 536-1498
Added: Oct 4
Last Checked: Oct 5 at 2:06AM
MLS# 12014074
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex contains 3,369 square feet, with five bedrooms and two bathrooms. Renovations include kitchens, bathrooms, and wood flooring; stainless steel appliances are also present. The building combines brick and vinyl siding, and includes a walk-in basement and private driveway.
Springfield Gardens provides access to JFK Airport, a supermarket, a highway, schools, and restaurants.
Springfield Gardens provides access to JFK Airport, a supermarket, a highway, schools, and restaurants.
Key Highlights
- 3,369‑square‑foot two‑family duplex
- Five bedrooms and two bathrooms
- Renovated kitchens and bathrooms with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,353
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,473
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated kitchens and bathrooms complement hardwood flooring and a walk-in basement.
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: 3,369‑square‑foot two‑family duplex; Five bedrooms and two bathrooms; Renovated kitchens and bathrooms with stainless steel appliances
