Duplex with Finished
For Sale
$1,299,000
Pending
149-38 81st Street, Howard Beach, NY 11414
Two separate residences each provide three bedrooms and two full bathrooms.
Property Size3,120 SF
Days on Market9
Property Features for 149-38 81st Street
General Information
Standard status
Pending
Size
3,120 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,127
Amenities
Finished,Full
Ceramic Tile,Tile,Wood
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Granite Counters,Open Kitchen,Primary Bathroom,Recessed Lighting,Stone Counters,Storage,Walk-In Closet(s)
Finished, Full
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Granite Counters,Open Kitchen,Primary Bathroom,Recessed Lighting,Stone Counters,Storage,Walk-In Closet(s),Washer
Back Yard
Public
No
Driveway, Garage, Garage Door Opener
Garden,Mailbox
3120
Building Details
Building Size
3,120 SF
Year Built
1960
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Alex Switalski
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:59PM
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 Alex Switalski
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Investment Insights
Based on property information with market context.
This detached duplex contains two residences. Each has three bedrooms, two full bathrooms, a kitchen, living room, and dining area. A finished basement with high ceilings adds further interior space. The property also includes a private driveway and a detached two-car garage.
Shopping centers, schools, restaurants, and public transportation are nearby.
Shopping centers, schools, restaurants, and public transportation are nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Finished basement with high ceilings
- Detached 2‑car garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,267
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,340
$1.5M
Cap Rate 7%
$1,089,529
$1.1M
Cap Rate 9%
$847,411
$847.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$144.1K $46.20/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$138.7K $44.44/SF
− OpEx
−$62.4K −$20.00/SF
NOI
$76.3K $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%
$1,525,340
Cap Rate 7%
$1,089,529
Cap Rate 9%
$847,411
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$737.7K
$645.5K – $860.7K
NOI $51,641 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$2.30M
$2.01M – $2.68M
NOI $161,007 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
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 - Two separate residences each provide three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 149-38 81st Street Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Finished basement with high ceilings; Detached 2‑car garage and private driveway
