Two-Family Home with Finished
For Sale
$1,029,888
21911 131st Avenue, Laurelton, NY 11413
Vacant at delivery, the residence includes a finished lower level with a separate exterior entrance.
Property Size1,884 SF
Price / SF$546.65
Days on Market187
Property Features for 21911 131st Avenue
General Information
Standard status
Active
Size
1,884 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,062
Amenities
finished basement with an outside entrance
HVAC system
patio
gazebo
fenced backyard
Building Details
Building Size
1,884 SF
Year Built
1930
Buildings
1
Listing Agency:
NMG Properties Inc.
Listed By:
Natasha Green
(516) 887-0000
Source:
Nmgproperties
Added: Apr 27
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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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Investment Insights
Based on property information with market context.
This two-family residence offers 5 bedrooms and a finished basement with an outside entrance. The property includes an HVAC system, a two-car garage, and a driveway that accommodates 2-3 cars. Outdoor features include a patio, gazebo, and fenced backyard. The home was built in 1930 and measures 1,884 square feet.
Situated in Laurelton, Queens County, the property is described as close to schools, highways, malls, and public transportation. It will be delivered vacant.
Situated in Laurelton, Queens County, the property is described as close to schools, highways, malls, and public transportation. It will be delivered vacant.
Key Highlights
- Two‑family property with 5 bedrooms
- 1,884 square feet; built in 1930
- Finished basement with an outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,053
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,060
$921.1K
Cap Rate 7%
$657,900
$657.9K
Cap Rate 9%
$511,700
$511.7K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$87.0K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$83.7K $44.44/SF
− OpEx
−$37.7K −$20.00/SF
NOI
$46.1K $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%
$921,060
Cap Rate 7%
$657,900
Cap Rate 9%
$511,700
Alternative Uses
Best Use
Apartment 5plus
$657.9K
$575.7K – $767.6K
NOI $46,053 @ 7.0% cap · market cap 4.47%
Second Best
Multifamily LT 5
$445.5K
$389.8K – $519.7K
NOI $31,183 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,223 @ 7.0% cap · market cap 9.44%
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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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,147
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 - Vacant at delivery, the residence includes a finished lower level with a separate exterior entrance.
Where is this duplex located?
The property is located at 21911 131st Avenue Laurelton, NY.
What is the asking price?
The asking price for this property is $1,029,888.
What are key features of this property?
This property features: Two‑family property with 5 bedrooms; 1,884 square feet; built in 1930; Finished basement with an outside entrance
