Brick Duplex with Finished
For Sale
$1,249,000
14720 230th Place, Springfield Gardens, NY 11413
The six-bedroom, four-bathroom residence includes a detached two-car garage and paved driveway.
Property Size2,300 SF
Price / SF$543.04
Days on Market9
Property Features for 14720 230th Place
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,366
Amenities
Finished,Full,Walk-Out Access
5
Yes
6
First Floor Bedroom,First Floor Full Bath
Finished, Full, Walk-Out Access
Back Yard,Fenced,Front Yard
Private
7
No
Detached, Driveway, Garage
Balcony
2300
Building Details
Building Size
2,300 SF
Year Built
2007
Listing Agency:
Signature Premier Properties
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:41PM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This brick two-family property was built in 2007 and has six bedrooms and four bathrooms. Hardwood flooring covers the main levels, while the finished, walkout basement has tile floors and updated finishes. Central air conditioning and heating serve the home, and large windows bring natural light to each floor.
A paved driveway leads to a detached two-car garage. The property is located at 14720 230th Place in Springfield Gardens, New York.
A paved driveway leads to a detached two-car garage. The property is located at 14720 230th Place in Springfield Gardens, New York.
Key Highlights
- Two‑family brick property with 6 bedrooms and 4 bathrooms
- Finished walkout basement with tile flooring and updated finishes
- Detached two‑car garage and paved driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $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%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 4.50%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
413
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The six-bedroom, four-bathroom residence includes a detached two-car garage and paved driveway.
Where is this duplex located?
The property is located at 14720 230th Place Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Two‑family brick property with 6 bedrooms and 4 bathrooms; Finished walkout basement with tile flooring and updated finishes; Detached two‑car garage and paved driveway
