Duplex with Finished
For Sale
$1,300,000
Pending
22008 145th Ave Springfield Gardens, Springfield Gardens, NY 11413
The two-story residence has central air, a private driveway, and a backyard.
Property Size4,275 SF
Days on Market9
Property Features for 22008 145th Ave Springfield Gardens
General Information
Standard status
Pending
Size
4,275 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,036
Amenities
Finished
Laminate
6
No
Yes
First Floor Bedroom,Eat-in Kitchen,Granite Counters,High Ceilings,Open Floorplan,Recessed Lighting,Speakers,Walk-In Closet(s),Washer/Dryer Hookup
Public
5
Carport, Driveway, Private
Building Details
Year Built
2020
Listing Agency:
Xquizit Realty Inc
(516) 703-2918
Listed By:
Alex Switalski
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:34PM
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 Xquizit Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2020, this semidetached duplex has two floors and a finished basement with a studio apartment. The residence contains six bedrooms and 5.5 bathrooms. Interior features include granite countertops, stainless steel appliances, recessed lighting, and ceiling speakers with Bluetooth connectivity. Central air serves the home, and a garage is also included.
A private driveway accommodates five cars, and the property has a backyard. The first floor has three bedrooms, including a primary bedroom with separate his-and-her bathrooms, along with a laundry area. The second floor includes a primary bedroom with separate his-and-her bathrooms and living and dining areas.
A private driveway accommodates five cars, and the property has a backyard. The first floor has three bedrooms, including a primary bedroom with separate his-and-her bathrooms, along with a laundry area. The second floor includes a primary bedroom with separate his-and-her bathrooms and living and dining areas.
Key Highlights
- Two‑family duplex built in 2020
- Six bedrooms and 5.5 bathrooms
- Finished basement with a studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,500
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,090,000
$2.1M
Cap Rate 7%
$1,492,857
$1.5M
Cap Rate 9%
$1,161,111
$1.2M
Market Conditions
NOI Build-Up for 4,275 SF
Gross rent
$197.5K $46.20/SF
− Vacancy
−$7.5K −$1.76/SF
EGI
$190.0K $44.44/SF
− OpEx
−$85.5K −$20.00/SF
NOI
$104.5K $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%
$2,090,000
Cap Rate 7%
$1,492,857
Cap Rate 9%
$1,161,111
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,500 @ 7.0% cap · market cap 8.04%
Second Best
Multifamily LT 5
$1.01M
$884.5K – $1.18M
NOI $70,758 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,611 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,262
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 - The two-story residence has central air, a private driveway, and a backyard.
Where is this duplex located?
The property is located at 22008 145th Ave Springfield Gardens Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑family duplex built in 2020; Six bedrooms and 5.5 bathrooms; Finished basement with a studio apartment
