Triplex with Walk-Up
14837 86th Ave, Queens, NY 11435
For Sale
$1,399,999
Three separate living levels each include a kitchen, with laundry accessible from both the lower and main floors.
Property Size3,192 SF
Lot Size0.12 Acres
Price / SF$441.78
Days on Market19
Property Features for 14837 86th Ave
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
yard
front terrace
laundry room
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Steve Chatarpal
(718) 374-3500
Source:
Elliman
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 6 at 3:29PM
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 Steve Chatarpal
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Investment Insights
Based on property information with market context.
This 1915 triplex has three living levels, each with a kitchen. The lower level contains 1 bedroom, a living room, and a full bathroom. On the main level, the layout includes 2 bedrooms, 2 bathrooms, and a combined living and dining area. The third level has 2 bedrooms, a bathroom, and a living room. A walk-up attic adds two rooms and high ceilings. Laundry is positioned on the lower level, with access from the main floor as well. An attached garage provides direct interior entry.
Outdoor features include an elevated front terrace and a yard. Any consideration of adding a balcony should be reviewed with a licensed architect and subject to applicable approvals.
Outdoor features include an elevated front terrace and a yard. Any consideration of adding a balcony should be reviewed with a licensed architect and subject to applicable approvals.
Key Highlights
- Three living levels, each with a kitchen
- Lower level: 1 bedroom, living room, and full bathroom
- Main level: 2 bedrooms, 2 bathrooms, and living/dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,464
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,280
$1.5M
Cap Rate 7%
$1,106,629
$1.1M
Cap Rate 9%
$860,711
$860.7K
Market Conditions
NOI Build-Up for 3,169 SF
Gross rent
$146.4K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$140.8K $44.44/SF
− OpEx
−$63.4K −$20.00/SF
NOI
$77.5K $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%
$1,549,280
Cap Rate 7%
$1,106,629
Cap Rate 9%
$860,711
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$968.3K – $1.29M
NOI $77,464 @ 7.0% cap · market cap 5.53%
Second Best
Multifamily LT 5
$749.3K
$655.7K – $874.2K
NOI $52,452 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,536 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,748
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens, NY
Properties on Market for Triplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living levels each include a kitchen, with laundry accessible from both the lower and main floors.
Where is this triplex located?
The property is located at 14837 86th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Three living levels, each with a kitchen; Lower level: 1 bedroom, living room, and full bathroom; Main level: 2 bedrooms, 2 bathrooms, and living/dining area
