Two-Unit Duplex with Finished
For Sale
$1,350,000
18303 145th Avenue, Springfield Gardens, NY 11413
Each residence has three bedrooms and two full bathrooms, with an eat-in kitchen and washer/dryer hookups.
Property Size2,208 SF
Price / SF$611.41
Days on Market9
Property Features for 18303 145th Avenue
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,885
Amenities
Finished
4
No
Yes
6
Eat-in Kitchen,Quartz/Quartzite Counters,Recessed Lighting,Washer/Dryer Hookup
Public
On Street
2208
Building Details
Building Size
2,208 SF
Year Built
1945
Listing Agency:
Landmark Elite Homes Corp
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:35PM
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 Landmark Elite Homes Corp
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Investment Insights
Based on property information with market context.
This renovated duplex is configured as a legal two-family home with two residences, each offering three bedrooms and two full bathrooms. The 2,208-square-foot property includes a finished basement, eat-in kitchens, quartz or quartzite counters, recessed lighting, and washer/dryer hookups. Built in 1945, the home is described as income-producing.
The property is in Springfield Gardens, near Green Acres Shopping Mall, local restaurants, grocery stores, Springfield Park, and Brookville Park. Q3, Q4, and Q85 bus service and the LIRR are noted as nearby, along with JFK Airport and major highways.
The property is in Springfield Gardens, near Green Acres Shopping Mall, local restaurants, grocery stores, Springfield Park, and Brookville Park. Q3, Q4, and Q85 bus service and the LIRR are noted as nearby, along with JFK Airport and major highways.
Key Highlights
- Legal two‑family duplex with two residences
- Each unit has 3 bedrooms and 2 full bathrooms
- 2,208 square feet with a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,973
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,460
$1.1M
Cap Rate 7%
$771,043
$771.0K
Cap Rate 9%
$599,700
$599.7K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$102.0K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.1K $44.44/SF
− OpEx
−$44.2K −$20.00/SF
NOI
$54.0K $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%
$1,079,460
Cap Rate 7%
$771,043
Cap Rate 9%
$599,700
Alternative Uses
Best Use
Apartment 5plus
$771.0K
$674.7K – $899.6K
NOI $53,973 @ 7.0% cap · market cap 4.00%
Second Best
Multifamily LT 5
$522.1K
$456.8K – $609.1K
NOI $36,546 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,943 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 11413, NY
42,978
Population
14,485
Households
3
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
3.0 sq mi
ZIP Area
14,326
Density / Sq Mi
$114,766
Median Household Income
$50,525
Median Earnings
$2,038
Median Rent
$631,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and two full bathrooms, with an eat-in kitchen and washer/dryer hookups.
Where is this duplex located?
The property is located at 18303 145th Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Legal two‑family duplex with two residences; Each unit has 3 bedrooms and 2 full bathrooms; 2,208 square feet with a finished basement
