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    Modern Two-Family Residence with Income Title is generated by Realmo AI

    176-06 145 Drive, Springfield Gardens, NY 11434

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    For Sale
    $1,389,999

    MULTI_FAMILY - Springfield Gardens, NY

    Lot size:
    0.09 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 176-06 145 Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Basement, Bedroom 4
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Chefs Kitchen, Crown Molding, High Ceilings, High Speed Internet, Open Floorplan, Open Kitchen, Primary Bathroom, Master Downstairs, Quartz/Quartzite Counters, Recessed Lighting, Walk-In Closet(s), Washer/Dryer Hookup
    Basement
    Full, Walk-Out Access, Finished
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11200

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Number of units
    2
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    Jaouad Tkatek

    Listing agent Jaouad Tkatek

    Listing office Family Homes Realty Group 24709 Jericho Tpke, Bellerose, NY

    Listing date Jun 1, 2026

    MLS# 1007381 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Modern two‑family home built in 2022 with 6 bedrooms and 5 bathrooms
    • Two units, each with 3 bedrooms and 2 baths; both include a master bedroom with an en‑suite full bath
    • Each master suite also features a walk‑in closet
    • Open floorplan with high ceilings, cathedral ceilings, and recessed lighting
    • Chefs kitchen with quartz/quartzite counters plus breakfast bar
    • Central air, forced‑air heat; public water and public sewer; natural gas available

    Overview

    Welcome to this modern two-family home built in 2022, offered as a practical owner-occupant or investor opportunity. The property features six bedrooms and five bathrooms across two spacious units, with each unit configured for comfortable, separate living. Every unit includes three bedrooms and two baths, along with a master bedroom offering its own full bath and walk-in closet. Sun-drenched living areas further enhance the day-to-day feel of the layout.

    Located in Springfield Gardens, the home is described as conveniently positioned just minutes from JFK Airport and the LIRR, with access to Springfield Boulevard, Conduit Avenue, and the Belt Parkway. Nearby amenities include local shopping, schools, parks, and restaurants, and commuting to Manhattan is noted as roughly 35 minutes door to door.

    With two well-sized units and a layout designed for privacy between residents, this residence may appeal to buyers seeking a built-in rental strategy while retaining the option to live in one unit. The 2022 construction and unit-friendly bedroom and bath mix can also support a straightforward long-term hold for investors looking for a modern multifamily asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield Gardens
    County
    Queens
    State
    New York
    Longitude
    -73.771072
    Latitude
    40.663631

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    FAQs

    What type of property is this?
    Duplex - Built in 2022, this two-unit home offers flexible living and strong income potential near major commuting routes.
    Where is this duplex located?
    The property is located at 176-06 145 Drive Springfield Gardens, NY.
    What is the asking price?
    The asking price for this property is $1,389,999.
    What are key features of this property?
    This property features: Modern two‑family home built in 2022 with 6 bedrooms and 5 bathrooms; Two units, each with 3 bedrooms and 2 baths; both include a master bedroom with an en‑suite full bath; Each master suite also features a walk‑in closet
    (917) 496-5730
    We can help!
    Listing Contact
    Jaouad Tkatek
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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