Two-Family
218-12 141st Road, Springfield Gardens, NY 11413
For Sale
$699,999
Delivered vacant, this legal two-family home offers a flexible residential setup.
Property Size1,448 SF
Price / SF$483.42
Days on Market166
Property Features for 218-12 141st Road
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
Listing Agency:
Keller Williams Rty Gold Coast
Listed By:
Donna M. Reid · License NY #10301209146
(516) 482-0200
Source:
Nmgproperties
Added: May 28
Changed: Nov 7
Last Checked: Nov 8 at 1:31PM
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 Keller Williams Rty Gold Coast
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Investment Insights
Based on property information with market context.
This 1,448-square-foot legal two-family home was built in 1901 and contains four bedrooms and two bathrooms. The property will be delivered vacant, providing a clear starting point for its next occupant or owner.
Springfield Gardens location places the home minutes from JFK Airport, with public transportation, shopping, and major highways accessible nearby.
Springfield Gardens location places the home minutes from JFK Airport, with public transportation, shopping, and major highways accessible nearby.
Key Highlights
- Legal two‑family home delivered vacant
- 1,448 square feet with 4 bedrooms and 2 bathrooms
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,781
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,620
$715.6K
Cap Rate 7%
$511,157
$511.2K
Cap Rate 9%
$397,567
$397.6K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$55.6K $38.40/SF
− Vacancy
−$4.5K −$3.10/SF
EGI
$51.1K $35.30/SF
− OpEx
−$15.3K −$10.59/SF
NOI
$35.8K $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%
$715,620
Cap Rate 7%
$511,157
Cap Rate 9%
$397,567
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,781 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$505.7K
$442.5K – $589.9K
NOI $35,396 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.07M
$934.1K – $1.25M
NOI $74,724 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
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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
Properties on Market for Duplexes in Springfield Gardens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Delivered vacant, this legal two-family home offers a flexible residential setup.
Where is this duplex located?
The property is located at 218-12 141st Road Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Legal two‑family home delivered vacant; 1,448 square feet with 4 bedrooms and 2 bathrooms; Built in 1901
