Duplex with Finished
For Sale
$1,249,000
218-42 140th Avenue, Springfield Gardens, NY 11413
A separate basement entrance provides independent access to the finished lower level.
Property Size1,648 SF
Price / SF$757.89
Days on Market47
Property Features for 218-42 140th Avenue
General Information
Standard status
Active
Size
1,648 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,795
Building Details
Building Size
1,648 SF
Year Built
2007
Listing Agency:
NMG Properties Inc.
Listed By:
Natasha Green
(516) 887-0000
Source:
Nmgproperties
Added: Sep 14
Changed: Oct 30
Last Checked: Oct 30 at 2:13AM
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 NMG Properties Inc.
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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 duplex property includes a finished basement with its own separate entrance. The building contains 1,648 square feet and was built in 2007.
Key Highlights
- 1,648‑square‑foot duplex
- Finished basement with separate entrance
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,284
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,680
$805.7K
Cap Rate 7%
$575,486
$575.5K
Cap Rate 9%
$447,600
$447.6K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$76.1K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$73.2K $44.44/SF
− OpEx
−$33.0K −$20.00/SF
NOI
$40.3K $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%
$805,680
Cap Rate 7%
$575,486
Cap Rate 9%
$447,600
Alternative Uses
Best Use
Apartment 5plus
$575.5K
$503.6K – $671.4K
NOI $40,284 @ 7.0% cap · market cap 3.23%
Second Best
Multifamily LT 5
$389.7K
$341.0K – $454.6K
NOI $27,277 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,045 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,434
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate basement entrance provides independent access to the finished lower level.
Where is this duplex located?
The property is located at 218-42 140th Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1,648‑square‑foot duplex; Finished basement with separate entrance; Built in 2007
