Two-Unit Residential
For Sale
$999,000
148-74 262nd Place, Rosedale, NY 11422
The residences offer three- and four-bedroom layouts, each with 1.5 bathrooms and separate living and dining areas.
Property Size3,370 SF
Price / SF$296.44
Days on Market124
Property Features for 148-74 262nd Place
General Information
Standard status
Active
Size
3,370 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 4BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,707
Building Details
Building Size
3,370 SF
Year Built
1960
Listing Agency:
NMG Properties Inc.
Listed By:
Natasha Green
(516) 887-0000
Source:
Nmgproperties
Added: Jun 29
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
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 NMG Properties Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,370 square feet and was built in 1960. One residence has three bedrooms and the other has four; each includes 1.5 bathrooms, living and dining areas, and a functional layout.
The property is in Rosedale, Queens, with schools, shopping, public transportation, major highways, parks, and JFK Airport listed among nearby destinations.
The property is in Rosedale, Queens, with schools, shopping, public transportation, major highways, parks, and JFK Airport listed among nearby destinations.
Key Highlights
- Two residences: one with 3 bedrooms and one with 4
- Each residence has 1.5 bathrooms, plus living and dining areas
- 3,370 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,378
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,560
$1.6M
Cap Rate 7%
$1,176,829
$1.2M
Cap Rate 9%
$915,311
$915.3K
Market Conditions
NOI Build-Up for 3,370 SF
Gross rent
$155.7K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.8K $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 Rate 5%
$1,647,560
Cap Rate 7%
$1,176,829
Cap Rate 9%
$915,311
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,378 @ 7.0% cap · market cap 8.25%
Second Best
Multifamily LT 5
$796.8K
$697.2K – $929.7K
NOI $55,779 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,908 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 11422, NY
32,839
Population
10,694
Households
3.1
Avg Household Size
41
Median Age
33%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
15,638
Density / Sq Mi
$108,519
Median Household Income
$51,788
Median Earnings
$2,327
Median Rent
$629,100
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
Frequently Asked Questions
What type of property is this?
Duplex - The residences offer three- and four-bedroom layouts, each with 1.5 bathrooms and separate living and dining areas.
Where is this duplex located?
The property is located at 148-74 262nd Place Rosedale, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two residences: one with 3 bedrooms and one with 4; Each residence has 1.5 bathrooms, plus living and dining areas; 3,370 square feet
