Brick Duplex With Finished
21908 138th Road, Laurelton, NY 11413
For Sale
$1,489,000
Residential Income, Laurelton, NY
Property Size3,246 SF
Lot Size0.22 Acres
Price / SF$458.72
Days on Market96
Property Features for 21908 138th Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi · License NY #10401217533
(347) 419-5268
Added: Aug 6
Changed: Nov 6
Last Checked: Nov 9 at 12:06PM
MLS# 1035650
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick two-family residence was built in 1940 and provides 3,246 sq ft of living space on a 0.2225-acre lot. The upper apartment includes four bedrooms and two baths, while the first-floor unit offers three bedrooms and two baths. Both residences feature large living and dining areas, granite kitchens with stainless steel appliances, and substantial closet storage. A finished basement with high ceilings adds flexible space and includes access related to the first-floor layout.
The property includes a driveway and garage, with baseboard heat, wall/window and window-unit cooling, public water, public sewer, and natural gas available. Located in Laurelton near the Springfield Gardens border, the residence is close to Springfield Boulevard, Merrick Boulevard, and the Belt Parkway, along with schools, shopping, restaurants, cafes, and parks.
The property includes a driveway and garage, with baseboard heat, wall/window and window-unit cooling, public water, public sewer, and natural gas available. Located in Laurelton near the Springfield Gardens border, the residence is close to Springfield Boulevard, Merrick Boulevard, and the Belt Parkway, along with schools, shopping, restaurants, cafes, and parks.
Key Highlights
- Two‑family layout with a 4‑bedroom upper unit and 3‑bedroom first‑floor unit
- 3,246 sq ft of living space on a 0.2225‑acre lot
- Finished basement with high ceilings and flexible first‑floor access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,211
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,220
$1.6M
Cap Rate 7%
$1,145,871
$1.1M
Cap Rate 9%
$891,233
$891.2K
Market Conditions
NOI Build-Up for 3,246 SF
Gross rent
$124.6K $38.40/SF
− Vacancy
−$10.1K −$3.10/SF
EGI
$114.6K $35.30/SF
− OpEx
−$34.4K −$10.59/SF
NOI
$80.2K $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%
$1,604,220
Cap Rate 7%
$1,145,871
Cap Rate 9%
$891,233
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,211 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$1.13M
$991.8K – $1.32M
NOI $79,347 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,509 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,251
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 Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with generous living areas, updated kitchens, private bedroom suites, and a finished basement for added flexibility.
Where is this duplex located?
The property is located at 21908 138th Road Laurelton, NY.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Two‑family layout with a 4‑bedroom upper unit and 3‑bedroom first‑floor unit; 3,246 sq ft of living space on a 0.2225‑acre lot; Finished basement with high ceilings and flexible first‑floor access
