Building Details

Building Size 2,336 SF

Year Built 2012

Construction brick

Listing Agency: Show Phone

Listed By: Aman Deep Sabharwal

Source: Hedgestonehomes

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 3:47PM

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Investment Insights

Based on property information with market context.

Built in 2012, this brick duplex contains two residential units. The upper residence has two bedrooms, one full bathroom, an open kitchen, and a combined living and dining area with access to a private balcony. Its interior has been renovated. The lower residence includes three bedrooms, one of which is used as an office, a full bathroom, an open kitchen and living area, and a walk-in closet. Both units have open layouts.

A fully finished basement adds a full bathroom, laundry equipment, utility and storage areas, and side and rear entrances. High ceilings extend the basement’s usable space.

Key Highlights

• Brick duplex built in 2012 with two residential units
• Upper residence has 2 bedrooms, 1 full bathroom, and a private balcony
• Lower residence has 3 bedrooms, including one used as an office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,102

Cap Rate

5.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,142,040 $1.1M

Cap Rate 7%

$815,743 $815.7K

Cap Rate 9%

$634,467 $634.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,336 SF

Gross rent

$107.9K $46.20/SF

− Vacancy

−$4.1K −$1.76/SF

EGI

$103.8K $44.44/SF

− OpEx

−$46.7K −$20.00/SF

NOI

$57.1K $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 Rate 5%

$1,142,040

Cap Rate 7%

$815,743

Cap Rate 9%

$634,467

Alternative Uses

Best Use

Apartment 5plus

$815.7K

$713.8K – $951.7K (±1% cap)

NOI $57,102 @ 7.0% cap · market cap 5.19%

Second Best

Multifamily LT 5

$552.4K

$483.3K – $644.4K (±1% cap)

NOI $38,665 @ 7.0% cap · market cap 3.52%

Theoretical Best

Office A

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,549 @ 7.0% cap · market cap 10.96%

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

Location Intelligence

Trade Area within ½ mile

1,258

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - The residences contain five bedrooms altogether, and the renovated upper apartment includes a private balcony.

Where is this duplex located?

The property is located at 17841 Anderson Road Rochdale, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Brick duplex built in 2012 with two residential units; Upper residence has 2 bedrooms, 1 full bathroom, and a private balcony; Lower residence has 3 bedrooms, including one used as an office