Renovated Two-Family
For Sale
$1,349,000
Pending
14642 184th St, Queens, NY 11413
Fully renovated two-family home with modern finishes and ample parking.
Property Size2,275 SF
Lot Size0.08 Acres
Days on Market269
Property Features for 14642 184th St
General Information
Standard status
Pending
Size
2,275 SF
Lot size
0.08 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$4,321
Building Details
Building Size
2,275 SF
Year Built
1935
Units
2
Listing Agency:
Elite Realty of USA Inc
(718) 809-6078
Listed By:
Fizool Baksh
(718) 809-6078
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 14
Last Checked: Aug 23 at 9:40AM
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 Elite Realty of USA Inc
Investment Insights
Based on property information with market context.
This is a fully renovated two-family home that combines modern elegance with functionality. Each unit features three bedrooms and two full baths, including a master suite with a private bath. The open concept layout is enhanced by modern finishes and hardwood flooring, creating a warm atmosphere. The kitchens are equipped with stainless steel appliances. The property includes a fully finished basement with a full bath, laundry hook-up, and an outside entrance. A wide private driveway provides ample parking. The home is located close to all conveniences.
Key Highlights
- Fully renovated/rebuilt two‑family home.
- Each unit features three bedrooms and two full baths, including a master suite.
- Enjoy the open concept layout with modern finishes and hardwood flooring.
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
$55,611
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
4.12%
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%
$1,112,220
$1.1M
Cap Rate 7%
$794,443
$794.4K
Cap Rate 9%
$617,900
$617.9K
Market Conditions
NOI Build-Up for 2,275 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
$105.1K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.1K $44.44/SF
− OpEx
−$45.5K −$20.00/SF
NOI
$55.6K $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%
$1,112,220
Cap Rate 7%
$794,443
Cap Rate 9%
$617,900
Alternative Uses
Best Use
Apartment 5plus
$794.4K
$695.1K – $926.9K
NOI $55,611 @ 7.0% cap · market cap 4.12%
Second Best
Multifamily LT 5
$537.9K
$470.7K – $627.6K
NOI $37,655 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,401 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,075
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-family home with modern finishes and ample parking.
Where is this duplex located?
The property is located at 14642 184th St Queens, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Fully renovated/rebuilt two‑family home.; Each unit features three bedrooms and two full baths, including a master suite.; Enjoy the open concept layout with modern finishes and hardwood flooring.
