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Duplex with Finished Basement
New
For Sale
$1,679,000

21950 143rd Avenue, Springfield Gardens, NY 11413

Two five-bedroom residences feature open living areas, private terraces, and access to an indoor garage.

Property Size3,360 SF
Price / SF$499.70
Days on Market1

Property Features for 21950 143rd Avenue

General Information

Standard status Active
Size 3,360 SF
Property subtype Residential Income

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 2 x 5BR/3BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $901

Amenities

private terrace
chefs granite kitchens
stainless steel appliances
kitchen island
high ceiling full finished basement
yard space
walk in closets
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Granite Counters
Open Kitchen
Master Downstairs
Recessed Lighting
Washer/Dryer Hookup

Building Details

Building Size 3,360 SF
Year Built 2026
Buildings 1
Units 2
Listing Agency: Keystone Realty USA Corp
Listed By: Gabriel Kashi
Source: Georgemcknight
Added: Oct 23 Last Checked: Oct 23 at 5:20PM

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 3,360-square-foot duplex contains two five-bedroom residences with open living and dining areas. Each home has a granite kitchen with an island, custom cabinetry, and stainless steel appliances. The primary suites include private bathrooms, walk-in closets, and doors opening to private terraces. A high-ceiling finished basement has both interior and exterior access. The property also includes an indoor garage, private parking, and yard space.

At 21950 143rd Avenue in Springfield Gardens, the property is near Springfield Boulevard, N Conduit, and the Belt Parkway. Schools, Green Acres Commons, JFK Airport, restaurants, cafes, and parks are also nearby.

Key Highlights

  • Two five‑bedroom residences in a 3,360‑square‑foot duplex
  • Built in 2026
  • High‑ceiling finished basement with interior and exterior access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$82,133
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,642,660 $1.6M
Cap Rate 7%
$1,173,329 $1.2M
Cap Rate 9%
$912,589 $912.6K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$155.2K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$149.3K $44.44/SF
− OpEx
−$67.2K −$20.00/SF
NOI
$82.1K $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%
$1,642,660
Cap Rate 7%
$1,173,329
Cap Rate 9%
$912,589

Alternative Uses

Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M (±1% cap)
NOI $82,133 @ 7.0% cap · market cap 4.89%
Second Best
Multifamily LT 5
$794.5K
$695.2K – $926.9K (±1% cap)
NOI $55,613 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M (±1% cap)
NOI $173,392 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

762
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two five-bedroom residences feature open living areas, private terraces, and access to an indoor garage.
Where is this duplex located?
The property is located at 21950 143rd Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,679,000.
What are key features of this property?
This property features: Two five‑bedroom residences in a 3,360‑square‑foot duplex; Built in 2026; High‑ceiling finished basement with interior and exterior access
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