Renovated Two-Family
For Sale
$899,000
156-08 79 Street, Howard Beach, NY 11414
Residential Income, Howard Beach, NY
Property Size3,000 SF
Price / SF$299.67
Days on Market106
Property Features for 156-08 79 Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3
Parking features
Driveway
Fencing
Fenced
Subdivision
Howard Beach
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #27
Standard status
Active
Size
3,000 SF
Taxes and HOA fees
Tax Annual Amount
4400
Utilities
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Water source
Public
Amenities
garage
laundry area
backyard
Building Details
Year built
1979
Floors in Building
3
Building materials
Brick
Roof type
Asphalt
Listing Agency:
CLOVERDALE REALTY & MANAGEMENT LTD
(718) 926-3184
Listed By:
Anthony Mihovich
Added: Jul 3
Changed: Oct 14
Last Checked: Oct 16 at 2:06AM
MLS# 11869059
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated two-family brick townhouse offers 3,000 square feet across three levels. The finished ground floor includes two large rooms identified on the C of O as a playroom and storage room, along with a legal three-piece bathroom and laundry area. The first floor provides a one-bedroom layout with an eat-in kitchen, full bathroom, living room, and dining room. The second floor includes three bedrooms, a kitchen, full bathroom, living room, and dining room. Each level offers substantial closet space.
Exterior features include a garage, driveway, fenced backyard, asphalt roof, and public water service. The property was built in 1979 and uses natural-gas hot-water baseboard heating. Bus service, shopping, the MTA A train, JFK, and nearby communities and attractions are referenced in the surrounding area description.
Exterior features include a garage, driveway, fenced backyard, asphalt roof, and public water service. The property was built in 1979 and uses natural-gas hot-water baseboard heating. Bus service, shopping, the MTA A train, JFK, and nearby communities and attractions are referenced in the surrounding area description.
Key Highlights
- Renovated two‑family townhouse with three levels and 3,000 square feet
- First floor includes one bedroom, eat‑in kitchen, full bath, living room, and dining room
- Second floor offers three bedrooms, kitchen, full bath, living room, and dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 8.16%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
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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 - Renovated brick townhouse with separate living areas, laundry space, driveway parking, and a fenced backyard.
Where is this duplex located?
The property is located at 156-08 79 Street Howard Beach, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Renovated two‑family townhouse with three levels and 3,000 square feet; First floor includes one bedroom, eat‑in kitchen, full bath, living room, and dining room; Second floor offers three bedrooms, kitchen, full bath, living room, and dining room
