Duplex with Finished
14642 184th Street, Springfield Gardens, NY 11413
For Sale
New
$1,349,000
Pending
Both residences offer three bedrooms, two full bathrooms, hardwood floors, and kitchens with stainless steel appliances.
Property Size2,275 SF
Days on Market4
Property Features for 14642 184th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
Finished,Full
Hardwood
4
Yes
6
Double Pane Windows
Eat-in Kitchen,ENERGY STAR Qualified Door(s),Kitchen Island,Open Floorplan,Recessed Lighting,Smart Thermostat
Finished, Full
Public
No
Driveway
2275
Building Details
Building Size
Year Built
Listing Agency:
(516) 788-8382
Listed By:
Ace Kalia
Source:
Sunluxrealty
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 3:24AM
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 Ace Kalia
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residences, each with three bedrooms and two full bathrooms, including a primary bedroom with its own bath. Open-plan interiors feature hardwood flooring and kitchens fitted with stainless steel appliances. The finished basement adds a full bathroom, laundry hookups, and a separate exterior entrance.
The property measures 2,275 square feet and was built in 1935. A private driveway provides parking.
The property measures 2,275 square feet and was built in 1935. A private driveway provides parking.
Key Highlights
- Two residences, each with three bedrooms and two full bathrooms
- 2,275 square feet; built in 1935
- Finished basement with full bathroom, laundry hookups, and exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,217
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,340
$1.1M
Cap Rate 7%
$803,100
$803.1K
Cap Rate 9%
$624,633
$624.6K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$87.4K $38.40/SF
− Vacancy
−$7.0K −$3.10/SF
EGI
$80.3K $35.30/SF
− OpEx
−$24.1K −$10.59/SF
NOI
$56.2K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,340
Cap Rate 7%
$803,100
Cap Rate 9%
$624,633
Alternative Uses
Best Use
Multifamily LT 5
$803.1K
$702.7K – $937.0K
NOI $56,217 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$794.4K
$695.1K – $926.9K
NOI $55,611 @ 7.0% cap · market cap 4.12%
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
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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
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Market
Properties on Market for Duplexes in Springfield Gardens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two full bathrooms, hardwood floors, and kitchens with stainless steel appliances.
Where is this duplex located?
The property is located at 14642 184th Street Springfield Gardens, 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: Two residences, each with three bedrooms and two full bathrooms; 2,275 square feet; built in 1935; Finished basement with full bathroom, laundry hookups, and exterior entrance
