Two-Unit Duplex with Finished
For Sale
$1,399,000
21823 138th Avenue, Laurelton, NY 11413
Separate open-plan living and dining areas complement the two residences, each with a private en-suite bedroom.
Property Size3,000 SF
Price / SF$466.33
Days on Market41
Property Features for 21823 138th Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,807
Amenities
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Granite Counters
Open Floorplan
Open Kitchen
Primary Bathroom
Master Downstairs
Quartz/Quartzite Counters
Recessed Lighting
Smart Thermostat
Speakers
Washer/Dryer Hookup
Wired for Sound
Building Details
Building Size
3,000 SF
Year Built
2026
Buildings
1
Units
2
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Croninreale
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 23 at 5:26PM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
Built in 2026, this two-family property at 21823 138th Avenue contains a four-bedroom, two-bath residence above a three-bedroom, two-bath residence. The approximately 3,000-square-foot building also includes a high-ceiling finished basement with access from inside and outside. Both units have open-plan living and dining spaces, kitchens with islands, custom cabinetry and stainless steel appliances, plus tiled bathrooms. Each residence includes a primary bedroom with a private en-suite bath.
The property is on a tree-lined street in Laurelton, near Springfield Boulevard, Merrick Boulevard and the Belt Parkway. Schools, shopping centers, restaurants, cafes and parks are described as a short walk away.
The property is on a tree-lined street in Laurelton, near Springfield Boulevard, Merrick Boulevard and the Belt Parkway. Schools, shopping centers, restaurants, cafes and parks are described as a short walk away.
Key Highlights
- Two‑family property with 4‑bedroom, 2‑bath and 3‑bedroom, 2‑bath residences
- Built in 2026; approximately 3,000 square feet
- High‑ceiling finished basement with interior and exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.24%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,251
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate open-plan living and dining areas complement the two residences, each with a private en-suite bedroom.
Where is this duplex located?
The property is located at 21823 138th Avenue Laurelton, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family property with 4‑bedroom, 2‑bath and 3‑bedroom, 2‑bath residences; Built in 2026; approximately 3,000 square feet; High‑ceiling finished basement with interior and exterior access
