Duplex with Finished
New
For Sale
$1,250,000
220-19 146th Avenue, Springfield Gardens, NY 11413
Both residences have three bedrooms and two full baths.
Property Size2,080 SF
Price / SF$600.96
Days on Market4
Property Features for 220-19 146th Avenue
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,081
Amenities
Jacuzzi bath
private front-facing balcony
full finished basement
beautifully fenced outdoor space
private parking
covered carport
Finished
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Open Kitchen
No
Public
On Street
2080
Building Details
Building Size
2,080 SF
Year Built
1950
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:41PM
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 Amandeep Kakar
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Investment Insights
Based on property information with market context.
This detached duplex, built in 1950, has two residences with three bedrooms and two full baths apiece. A finished basement adds interior space, while exterior features include a fenced outdoor area, private parking, and a covered carport. One residence has a Jacuzzi bath; the other includes a front-facing balcony.
The property is at 220-19 146th Avenue in Springfield Gardens. A local park, JFK Airport, major highways, and Green Acres Mall are among the nearby destinations.
The property is at 220-19 146th Avenue in Springfield Gardens. A local park, JFK Airport, major highways, and Green Acres Mall are among the nearby destinations.
Key Highlights
- Two residences, each with three bedrooms and two full baths
- Finished basement
- Front‑facing balcony and Jacuzzi bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 4.07%
Second Best
Multifamily LT 5
$491.8K
$430.3K – $573.8K
NOI $34,427 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,591
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and two full baths.
Where is this duplex located?
The property is located at 220-19 146th Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms and two full baths; Finished basement; Front‑facing balcony and Jacuzzi bath
