Duplex with Finished
188-42 Woodhull Avenue, Hollis, NY 11423
For Sale
New
$950,000
Each upper-level residence includes two bedrooms, a full bathroom, and its own living, dining, and kitchen areas.
Property Size1,280 SF
Price / SF$742.19
Days on Market2
Property Features for 188-42 Woodhull Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
Year Built
Units
Listing Agency:
Exit Realty Prime
Listed By:
Shamim Naser
(631) 992-1897
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:44AM
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 Exit Realty Prime
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Investment Insights
Based on property information with market context.
This duplex has a two-bedroom, one-bathroom layout on both the first and second floors, with living and dining areas and a kitchen on each level. Additional space includes a storage attic and a finished basement with a bathroom and separate entrance. The home was built in 1925.
Q2 and Q3 bus service and the Hollis LIRR station are nearby. Jamaica Avenue is one block away, with schools, shops, and other community amenities in the surrounding area.
Q2 and Q3 bus service and the Hollis LIRR station are nearby. Jamaica Avenue is one block away, with schools, shops, and other community amenities in the surrounding area.
Key Highlights
- Two‑bedroom, one‑bathroom layout on each of the first and second floors
- Finished basement with a bathroom and separate entrance
- Storage attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,630
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,600
$632.6K
Cap Rate 7%
$451,857
$451.9K
Cap Rate 9%
$351,444
$351.4K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$49.2K $38.40/SF
− Vacancy
−$4.0K −$3.10/SF
EGI
$45.2K $35.30/SF
− OpEx
−$13.6K −$10.59/SF
NOI
$31.6K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,600
Cap Rate 7%
$451,857
Cap Rate 9%
$351,444
Alternative Uses
Best Use
Multifamily LT 5
$451.9K
$395.4K – $527.2K
NOI $31,630 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,289 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$943.6K
$825.7K – $1.10M
NOI $66,054 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
Explore this area
Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each upper-level residence includes two bedrooms, a full bathroom, and its own living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 188-42 Woodhull Avenue Hollis, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom layout on each of the first and second floors; Finished basement with a bathroom and separate entrance; Storage attic
