Renovated Three-Family
216-25 136th Road, Springfield Gardens, NY 11413
For Sale
$1,299,980
Three residential units include a finished basement, private driveway, and garage.
Property Size3,350 SF
Price / SF$388.05
Days on Market85
Property Features for 216-25 136th Road
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
New Dream Realty Inc
Listed By:
Abdus Salam
(718) 785-5588
Source:
Nmgproperties
Added: Aug 16
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
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 New Dream Realty Inc
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 three-family property offers two second-floor apartments, each with two bedrooms, a living area, a kitchen, and a full bathroom. The first floor contains a three-bedroom unit with a large living room and kitchen. A finished basement adds further interior space. The building measures 3,350 square feet and was built in 1935.
Recent improvements include a new roof, siding, boilers, and hot water tanks. Interior details include hardwood flooring and granite countertops, with three boilers and three hot water tanks serving the property. A private driveway and garage with an iron gate provide on-site parking and access.
Recent improvements include a new roof, siding, boilers, and hot water tanks. Interior details include hardwood flooring and granite countertops, with three boilers and three hot water tanks serving the property. A private driveway and garage with an iron gate provide on-site parking and access.
Key Highlights
- Three‑family property totaling 3,350 square feet
- Two second‑floor units, each with 2 bedrooms and a full bathroom
- First‑floor unit has 3 bedrooms, a large living room, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,889
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,637,780
$1.6M
Cap Rate 7%
$1,169,843
$1.2M
Cap Rate 9%
$909,878
$909.9K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$154.8K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$148.9K $44.44/SF
− OpEx
−$67.0K −$20.00/SF
NOI
$81.9K $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%
$1,637,780
Cap Rate 7%
$1,169,843
Cap Rate 9%
$909,878
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,889 @ 7.0% cap · market cap 6.30%
Second Best
Multifamily LT 5
$792.1K
$693.1K – $924.1K
NOI $55,448 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,876 @ 7.0% cap · market cap 13.30%
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,314
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
$631,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a finished basement, private driveway, and garage.
Where is this triplex located?
The property is located at 216-25 136th Road Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,299,980.
What are key features of this property?
This property features: Three‑family property totaling 3,350 square feet; Two second‑floor units, each with 2 bedrooms and a full bathroom; First‑floor unit has 3 bedrooms, a large living room, and a kitchen
