Triplex With Additional Studio
For Sale
$1,125,000
222-03 Braddock Avenue, Queens Village, NY 11428
Three residential apartments plus flexible finished space with a full bathroom and dedicated off-street parking.
Property Size2,872 SF
Price / SF$391.71
Days on Market50
Property Features for 222-03 Braddock Avenue
General Information
Standard status
Active
Size
2,872 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$10,076
Building Details
Building Size
2,872 SF
Year Built
1960
Stories
2
Listing Agency:
Signature Premier Properties
Listed By:
Susan Sanchez CBR SRES
Source:
Luxuryhomeny
Added: Sep 4
Changed: Oct 21
Last Checked: Oct 21 at 4:14AM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This triplex at 222-03 Braddock Avenue, Queens Village, includes three one-bedroom apartments arranged across the first and second floors. Each apartment offers a living room, open-concept kitchen, full bathroom, bedroom, and closet storage. Additional first-floor space includes a full bathroom and is described for studio apartment, work-from-home, or professional and medical office use.
The property was built in 1960 and includes a one-car garage along with a private driveway for off-street parking. The location provides access to buses serving the subway, express bus service to NYC, and the LIRR. NYU and Northwell facilities, as well as shopping, are also identified in the surrounding area.
The property was built in 1960 and includes a one-car garage along with a private driveway for off-street parking. The location provides access to buses serving the subway, express bus service to NYC, and the LIRR. NYU and Northwell facilities, as well as shopping, are also identified in the surrounding area.
Key Highlights
- Three one‑bedroom apartments plus additional studio/commercial space
- Additional space includes a full bathroom
- One‑car garage and private driveway for off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,204
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,080
$1.4M
Cap Rate 7%
$1,002,914
$1.0M
Cap Rate 9%
$780,044
$780.0K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$132.7K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$127.6K $44.44/SF
− OpEx
−$57.4K −$20.00/SF
NOI
$70.2K $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%
$1,404,080
Cap Rate 7%
$1,002,914
Cap Rate 9%
$780,044
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$877.6K – $1.17M
NOI $70,204 @ 7.0% cap · market cap 6.24%
Second Best
Multifamily LT 5
$679.1K
$594.2K – $792.3K
NOI $47,536 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,209 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
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Business Placement
Demographics for 11428, NY
19,516
Population
6,335
Households
3.1
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
0.8 sq mi
ZIP Area
24,395
Density / Sq Mi
$84,977
Median Household Income
$42,146
Median Earnings
$1,827
Median Rent
$666,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential apartments plus flexible finished space with a full bathroom and dedicated off-street parking.
Where is this triplex located?
The property is located at 222-03 Braddock Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three one‑bedroom apartments plus additional studio/commercial space; Additional space includes a full bathroom; One‑car garage and private driveway for off‑street parking
