Two-Family Duplex with Separate
221-51 Braddock Avenue, Queens Village, NY 11427
For Sale
$1,328,000
Two three-bedroom apartments are complemented by a finished basement with a dedicated laundry room.
Property Size2,250 SF
Price / SF$590.22
Days on Market48
Property Features for 221-51 Braddock Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
front porch
laundry room
multi-car driveway
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(718) 762-2268
Listed By:
Irene Gringuz
(917) 335-3950
Source:
Clairedleone
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 7 at 3:44AM
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 Daniel Gale Sothebys Intl Rlty
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Investment Insights
Based on property information with market context.
This two-family duplex has a three-bedroom apartment on each of its two floors. The upper apartment has a separate entrance, while the first-floor unit includes an open dining area and an updated kitchen. Hardwood floors, an updated bath, a finished basement with a dedicated laundry room, and a front porch are among the property’s features. A manicured backyard and multi-car driveway complete the exterior.
Key Highlights
- Two apartments, each with three bedrooms
- Separate entrance for the second‑floor apartment
- Finished basement with dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,000
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,100,000
$1.1M
Cap Rate 7%
$785,714
$785.7K
Cap Rate 9%
$611,111
$611.1K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$104.0K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.0K $44.44/SF
− OpEx
−$45.0K −$20.00/SF
NOI
$55.0K $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%
$1,100,000
Cap Rate 7%
$785,714
Cap Rate 9%
$611,111
Alternative Uses
Best Use
Apartment 5plus
$785.7K
$687.5K – $916.7K
NOI $55,000 @ 7.0% cap · market cap 4.14%
Second Best
Multifamily LT 5
$532.0K
$465.5K – $620.7K
NOI $37,241 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,111 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
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Business Placement
Demographics for 11427, NY
24,555
Population
8,435
Households
2.9
Avg Household Size
44
Median Age
36%
College-Educated
84%
High-School Grad
1.6 sq mi
ZIP Area
15,347
Density / Sq Mi
$92,129
Median Household Income
$48,439
Median Earnings
$1,697
Median Rent
$690,200
Median Home Value
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Market
Properties on Market for Duplexes in Queens Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments are complemented by a finished basement with a dedicated laundry room.
Where is this duplex located?
The property is located at 221-51 Braddock Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $1,328,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms; Separate entrance for the second‑floor apartment; Finished basement with dedicated laundry room
