Two-Unit Duplex with
For Sale
$1,250,000
222-26 93rd Avenue, Queens Village, NY 11428
Separate entrances serve the second-floor residence and the finished basement.
Property Size1,692 SF
Days on Market8
Property Features for 222-26 93rd Avenue
General Information
Standard status
Active
Size
1,692 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,167
Amenities
fireplace
fence
Building Details
Building Size
1,692 SF
Year Built
1925
Buildings
1
Listing Agency:
Exit Realty Prime
Listed By:
Saidur Khan
(646) 327-8196
Source:
Cottiemaxwellrealestate
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 1 at 4:16PM
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 Exit Realty Prime
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this duplex has a three-bedroom first-floor residence with a full bath, living room, formal dining room, and kitchen. The second floor offers two bedrooms, a bath, a living room, and an eat-in kitchen, with its own entrance. A finished attic adds interior space, while the finished basement has a separate entrance and two bathrooms. Hardwood floors are present on the first and second floors; the basement has tile and carpet.
The property includes a detached garage, private driveway, fence, and wood-burning fireplace. Recent work includes a new boiler and updated plumbing. Two gas meters and two electric meters are installed. Nearby destinations identified include Jamaica Avenue, a supermarket, restaurants, and a park.
The property includes a detached garage, private driveway, fence, and wood-burning fireplace. Recent work includes a new boiler and updated plumbing. Two gas meters and two electric meters are installed. Nearby destinations identified include Jamaica Avenue, a supermarket, restaurants, and a park.
Key Highlights
- Two‑unit duplex built in 1925
- First‑floor residence has 3 bedrooms and 1 full bath
- Second‑floor residence has 2 bedrooms, 1 bath, and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,360
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,200
$827.2K
Cap Rate 7%
$590,857
$590.9K
Cap Rate 9%
$459,556
$459.6K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$78.2K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.2K $44.44/SF
− OpEx
−$33.8K −$20.00/SF
NOI
$41.4K $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%
$827,200
Cap Rate 7%
$590,857
Cap Rate 9%
$459,556
Alternative Uses
Best Use
Apartment 5plus
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 3.31%
Second Best
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,315 @ 7.0% cap · market cap 6.99%
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
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,639
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve the second-floor residence and the finished basement.
Where is this duplex located?
The property is located at 222-26 93rd Avenue Queens Village, 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‑unit duplex built in 1925; First‑floor residence has 3 bedrooms and 1 full bath; Second‑floor residence has 2 bedrooms, 1 bath, and a separate entrance
