Duplex with Expansion
1882 HART Street, Queens, NY 11385
For Sale
$1,250,000
The two-family brick residence will be delivered vacant and sold in its current condition.
Property Size2,200 SF
Price / SF$568.18
Days on Market56
Property Features for 1882 HART Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Corcoran Group
Listed By:
Jacob Henderson · License #10401234914 (NY)
(917) 397-4014
Source:
Dallien
Added: Sep 14
Changed: Nov 7
Last Checked: Nov 7 at 12:42PM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920-built, two-family brick residence is offered vacant and in its current condition. The property retains original architectural details, including stone trim and load-bearing masonry. Approximately 1,400 square feet of unused buildable area is identified; buyers should verify dimensions, zoning, and development potential with their own professionals.
The home is in Ridgewood’s Hart-DeKalb-Stockholm Historic District, on Hart Street between Woodward and Onderdonk Avenues. The DeKalb Avenue L train is approximately 10 minutes away, with neighborhood restaurants, cafés, and amenities nearby.
The home is in Ridgewood’s Hart-DeKalb-Stockholm Historic District, on Hart Street between Woodward and Onderdonk Avenues. The DeKalb Avenue L train is approximately 10 minutes away, with neighborhood restaurants, cafés, and amenities nearby.
Key Highlights
- Two‑family brick residence built in 1920
- Approximately 1,400 square feet of unused buildable area, subject to buyer verification
- In the Hart‑DeKalb‑Stockholm Historic District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.30%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family brick residence will be delivered vacant and sold in its current condition.
Where is this duplex located?
The property is located at 1882 HART Street Queens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family brick residence built in 1920; Approximately 1,400 square feet of unused buildable area, subject to buyer verification; In the Hart‑DeKalb‑Stockholm Historic District
