Renovated Brick
For Sale
$999,999
162-21 102nd Street, Howard Beach, NY 11414
Two-level residential income property with separate living areas and a finished basement.
Property Size2,090 SF
Days on Market40
Property Features for 162-21 102nd Street
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,062
Building Details
Building Size
2,090 SF
Year Built
2006
Units
2
Construction
brick
Listing Agency:
Exit Realty Prime
(347) 200-0567
Listed By:
Jashim U. Chowdhury
(347) 200-0567
Source:
Cornerstonemyhome
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 Exit Realty Prime
Investment Insights
Based on property information with market context.
This renovated two-family brick residence was built in 2006 and is configured across two primary floors with a finished basement. The first-floor unit includes three bedrooms, two full bathrooms, and living, dining, and kitchen areas. The second-floor unit offers three bedrooms, one full bathroom, one half bathroom, and its own living, dining, and kitchen spaces.
The basement is fully finished and includes an additional full bathroom. The property is located at 162-21 102nd Street in Howard Beach, New York, within ZIP Code 11414.
The basement is fully finished and includes an additional full bathroom. The property is located at 162-21 102nd Street in Howard Beach, New York, within ZIP Code 11414.
Key Highlights
- Two‑family brick residence built in 2006
- First‑floor unit with 3 bedrooms and 2 full baths
- Second‑floor unit with 3 bedrooms, 1 full bath, and 1 half bath
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
$51,089
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
5.11%
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%
$1,021,780
$1.0M
Cap Rate 7%
$729,843
$729.8K
Cap Rate 9%
$567,656
$567.7K
Market Conditions
NOI Build-Up for 2,090 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
$96.6K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.9K $44.44/SF
− OpEx
−$41.8K −$20.00/SF
NOI
$51.1K $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%
$1,021,780
Cap Rate 7%
$729,843
Cap Rate 9%
$567,656
Alternative Uses
Best Use
Apartment 5plus
$729.8K
$638.6K – $851.5K
NOI $51,089 @ 7.0% cap · market cap 5.11%
Second Best
Multifamily LT 5
$494.2K
$432.4K – $576.6K
NOI $34,593 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,854 @ 7.0% cap · market cap 10.79%
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
2,134
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
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-level residential income property with separate living areas and a finished basement.
Where is this duplex located?
The property is located at 162-21 102nd Street Howard Beach, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑family brick residence built in 2006; First‑floor unit with 3 bedrooms and 2 full baths; Second‑floor unit with 3 bedrooms, 1 full bath, and 1 half bath
