Two-Family Brick
For Sale
$850,000
186-46 139th Avenue, Springfield Gardens, NY 11413
The high-ranch layout includes a finished basement and is currently occupied by tenants, with the seller using the basement.
Property Size3,569 SF
Price / SF$238.16
Days on Market417
Property Features for 186-46 139th Avenue
General Information
Standard status
Active
Size
3,569 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,397
Building Details
Building Size
3,569 SF
Year Built
1960
Construction
solid brick
Listing Agency:
Wally Realty
Listed By:
Steve Caballero · License #10401394415
(718) 465-6600
Source:
Nmgproperties
Added: Sep 10, 2025
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Wally Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family brick property has a high-ranch configuration and a finished basement. Constructed in 1960, the building contains 3,569 square feet. The property is fully tenanted, while the seller occupies the basement; the basement is to be emptied at closing.
Key Highlights
- Two‑family high‑ranch layout
- 3,569‑square‑foot brick property built in 1960
- Finished basement; seller occupancy ends at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,073
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,460
$1.2M
Cap Rate 7%
$843,900
$843.9K
Cap Rate 9%
$656,367
$656.4K
Market Conditions
NOI Build-Up for 3,569 SF
Gross rent
$89.9K $25.20/SF
− Vacancy
−$5.5K −$1.55/SF
EGI
$84.4K $23.65/SF
− OpEx
−$25.3K −$7.09/SF
NOI
$59.1K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,460
Cap Rate 7%
$843,900
Cap Rate 9%
$656,367
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,242 @ 7.0% cap · market cap 10.26%
Second Best
Multifamily LT 5
$843.9K
$738.4K – $984.6K
NOI $59,073 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,178 @ 7.0% cap · market cap 21.67%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,311
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The high-ranch layout includes a finished basement and is currently occupied by tenants, with the seller using the basement.
Where is this duplex located?
The property is located at 186-46 139th Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family high‑ranch layout; 3,569‑square‑foot brick property built in 1960; Finished basement; seller occupancy ends at closing
