Multi-Unit Residential
New
For Sale
$1,199,989
219-19 143rd Road, Springfield Gardens, NY 11413
Multiple residential units are complemented by a detached garage and a finished, walk-out basement.
Property Size2,070 SF
Days on Market6
Property Features for 219-19 143rd Road
General Information
Standard status
Active
Size
2,070 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$80
Amenities
Multi Units
Baseboard, Hot Water, Natural Gas
Finished, Full, Walk-Out Access
Recessed Lighting
Fenced, Back Yard
Driveway, Garage, Garage Door Opener, Detached
Building Details
Building Size
2,070 SF
Year Built
2004
Listing Agency:
Keller Williams Landmark II
Listed By:
Zahed S. Hussain · License #10401285420
(917) 854-1270
Source:
Evrealestate
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 2:58PM
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 Landmark II
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Investment Insights
Based on property information with market context.
This residential income property contains multiple units and was built in 2004. Interior features include recessed lighting and a finished full basement with walk-out access. Heating is provided by baseboard and hot water systems using natural gas.
The exterior includes a fenced backyard, driveway, and detached garage equipped with a garage door opener.
The exterior includes a fenced backyard, driveway, and detached garage equipped with a garage door opener.
Key Highlights
- Multiple residential units
- Built in 2004
- Finished full basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,600
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,000
$1.0M
Cap Rate 7%
$722,857
$722.9K
Cap Rate 9%
$562,222
$562.2K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$95.6K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$92.0K $44.44/SF
− OpEx
−$41.4K −$20.00/SF
NOI
$50.6K $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%
$1,012,000
Cap Rate 7%
$722,857
Cap Rate 9%
$562,222
Alternative Uses
Best Use
Apartment 5plus
$722.9K
$632.5K – $843.3K
NOI $50,600 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,822 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,239
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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Frequently Asked Questions
What type of property is this?
Residential income property - Multiple residential units are complemented by a detached garage and a finished, walk-out basement.
Where is this residential income property located?
The property is located at 219-19 143rd Road Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,199,989.
What are key features of this property?
This property features: Multiple residential units; Built in 2004; Finished full basement with walk‑out access
