Two-Unit Duplex
For Sale
$1,150,000
14983 254th Street, Rosedale, NY 11422
Two separate living units support owner occupancy, multigenerational living, or rental use.
Property Size2,162 SF
Days on Market41
Property Features for 14983 254th Street
General Information
Standard status
Active
Size
2,162 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,960
Building Details
Building Size
2,162 SF
Year Built
1960
Units
2
Listing Agency:
Xquizit Realty Inc
(646) 675-9617
Listed By:
Gayon Facey
(646) 675-9617
Source:
Cohenandcohenrealty
Added: Jul 7
Changed: Aug 13
Last Checked: Aug 15 at 12:51PM
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 Xquizit Realty Inc
Investment Insights
Based on property information with market context.
Built in 1960, this duplex property contains two distinct living units with a combined 8 bedrooms and 5 bathrooms. A finished basement adds usable interior space, while private parking and a shared driveway support day-to-day functionality.
The property is located in Rosedale near shopping, schools, transportation, parking, and major roadways. Its two-unit configuration accommodates multigenerational living, rental use, or an owner-occupied arrangement, subject to applicable requirements.
The property is located in Rosedale near shopping, schools, transportation, parking, and major roadways. Its two-unit configuration accommodates multigenerational living, rental use, or an owner-occupied arrangement, subject to applicable requirements.
Key Highlights
- Two separate living units
- 8 bedrooms and 5 bathrooms
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,849
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,980
$1.1M
Cap Rate 7%
$754,986
$755.0K
Cap Rate 9%
$587,211
$587.2K
Market Conditions
NOI Build-Up for 2,162 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.9K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$96.1K $44.44/SF
− OpEx
−$43.2K −$20.00/SF
NOI
$52.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,980
Cap Rate 7%
$754,986
Cap Rate 9%
$587,211
Alternative Uses
Best Use
Apartment 5plus
$755.0K
$660.6K – $880.8K
NOI $52,849 @ 7.0% cap · market cap 4.60%
Second Best
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,785 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,570 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
965
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units support owner occupancy, multigenerational living, or rental use.
Where is this duplex located?
The property is located at 14983 254th Street Rosedale, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two separate living units; 8 bedrooms and 5 bathrooms; Finished basement
