Brick Duplex with
For Sale
$1,798,000
14615 22nd Avenue, Whitestone, NY 11357
South-facing two-family home with upgraded systems and matching three-bedroom upper floors.
Property Size2,700 SF
Days on Market53
Property Features for 14615 22nd Avenue
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
1
Property subtype
Triplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,613
Amenities
laundry room
Building Details
Building Size
2,700 SF
Year Built
1970
Year Renovated
2018
Buildings
1
Construction
brick
Listing Agency:
Royalux Realty LLC
Listed By:
Priscilla Chan-Ho
(917) 412-1639
Source:
Barbieliteam
Added: Aug 17
Changed: Sep 27
Last Checked: Oct 7 at 4:12PM
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 Royalux Realty LLC
Investment Insights
Based on property information with market context.
This south-facing duplex at 14615 22nd Avenue features two matching upper-floor residences, each arranged with 3 bedrooms, 1.5 baths, an open kitchen with island, dining area, and living room. The brick exterior received pointing and waterproofing in 2025, while the gutters were replaced in early 2026. A full renovation in 2018 added split AC systems and hot water heaters, and the roof is about 5 years old.
An attached garage includes a mechanic area, laundry room, and indoor parking for one car. The property is near parks, schools, shopping, dining, and public transportation, with bus service providing direct access to Flushing Downtown.
An attached garage includes a mechanic area, laundry room, and indoor parking for one car. The property is near parks, schools, shopping, dining, and public transportation, with bus service providing direct access to Flushing Downtown.
Key Highlights
- Two matching upper‑floor residences, each with 3 bedrooms and 1.5 baths
- Open‑concept kitchens with islands, dining areas, and living rooms on the second and third floors
- All‑brick exterior received new pointing and waterproofing in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,000
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,000
$1.3M
Cap Rate 7%
$942,857
$942.9K
Cap Rate 9%
$733,333
$733.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$124.7K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$120.0K $44.44/SF
− OpEx
−$54.0K −$20.00/SF
NOI
$66.0K $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%
$1,320,000
Cap Rate 7%
$942,857
Cap Rate 9%
$733,333
Alternative Uses
Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 3.67%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,333 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 11357, NY
42,319
Population
16,586
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
86%
High-School Grad
2.8 sq mi
ZIP Area
15,114
Density / Sq Mi
$97,754
Median Household Income
$58,814
Median Earnings
$2,228
Median Rent
$920,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - South-facing two-family home with upgraded systems and matching three-bedroom upper floors.
Where is this duplex located?
The property is located at 14615 22nd Avenue Whitestone, NY.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Two matching upper‑floor residences, each with 3 bedrooms and 1.5 baths; Open‑concept kitchens with islands, dining areas, and living rooms on the second and third floors; All‑brick exterior received new pointing and waterproofing in 2025
