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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
