Two-Family Duplex with
New
For Sale
$1,159,000
178-45 146th Terrace, Springfield Gardens, NY 11434
The residence includes six bedrooms, four full bathrooms, a private driveway, and a basement with two entrances.
Property Size2,242 SF
Lot Size0.11 Acres
Price / SF$516.95
Days on Market4
Property Features for 178-45 146th Terrace
General Information
Standard status
Active
Size
2,242 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,485
Amenities
First Floor Full Bath
Primary Bathroom
Recessed Lighting
Building Details
Building Size
2,242 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
Big Team Realty
Listed By:
Michael B. Mohabir
(917) 683-8599
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:07AM
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 Big Team Realty
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Investment Insights
Based on property information with market context.
This two-family residence contains 2,242 square feet, with matching layouts on the first and second floors. The home has six bedrooms, four full bathrooms, a garage, a private driveway, and a basement with two entrances. Hardwood flooring, two gas boilers, two hot water tanks, and a fully paid solar panel system are included. The property is scheduled for delivery vacant at closing.
The 40-by-120-foot lot has an additional 7 feet of land along the right side of the house. JFK Airport, the Belt Parkway, the Van Wyck Expressway, Green Acres Mall, and PS 52 are nearby. A magnet school for innovation, exploration, and engineering is across the street.
The 40-by-120-foot lot has an additional 7 feet of land along the right side of the house. JFK Airport, the Belt Parkway, the Van Wyck Expressway, Green Acres Mall, and PS 52 are nearby. A magnet school for innovation, exploration, and engineering is across the street.
Key Highlights
- Two‑family home with 2,242 square feet and matching first- and second‑floor layouts
- Six bedrooms and four full bathrooms
- 40‑by‑120‑foot lot with an additional 7 feet of land on the right side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,804
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,080
$1.1M
Cap Rate 7%
$782,914
$782.9K
Cap Rate 9%
$608,933
$608.9K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$103.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.6K $44.44/SF
− OpEx
−$44.8K −$20.00/SF
NOI
$54.8K $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 Rate 5%
$1,096,080
Cap Rate 7%
$782,914
Cap Rate 9%
$608,933
Alternative Uses
Best Use
Apartment 5plus
$782.9K
$685.1K – $913.4K
NOI $54,804 @ 7.0% cap · market cap 4.73%
Second Best
Multifamily LT 5
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,698 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes six bedrooms, four full bathrooms, a private driveway, and a basement with two entrances.
Where is this duplex located?
The property is located at 178-45 146th Terrace Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: Two‑family home with 2,242 square feet and matching first- and second‑floor layouts; Six bedrooms and four full bathrooms; 40‑by‑120‑foot lot with an additional 7 feet of land on the right side
