Detached Multifamily
22323 109th Ave, Queens Village, NY 11429
For Sale
New
$1,429,000
Renovated property with finished attic and basement, multiple kitchens, and a private driveway.
Property Size3,208 SF
Price / SF$445.45
Days on Market6
Property Features for 22323 109th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
multiple modern kitchens
fully finished attic
fully finished basement with separate walkout entrance
expansive private backyard
private driveway
Building Details
Buildings
Listing Agency:
Better Homes & Estates Rlty
(718) 415-5501
Listed By:
MD Rahman
(347) 272-3044
Source:
Exprealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:49PM
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 Better Homes & Estates Rlty
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Investment Insights
Based on property information with market context.
This detached multifamily property contains 3,208 square feet, with 10 bedrooms, 6 bathrooms, and multiple kitchens. Renovations are complete, and both the attic and basement are finished; the basement has a separate walkout. A private backyard and driveway accommodating approximately 3–4 vehicles round out the property’s features.
The property is at 22323 109th Ave in Queens Village. Public transportation, major highways, the Long Island Rail Road, schools, supermarkets, shopping centers, and hospitals are noted nearby.
The property is at 22323 109th Ave in Queens Village. Public transportation, major highways, the Long Island Rail Road, schools, supermarkets, shopping centers, and hospitals are noted nearby.
Key Highlights
- 10 bedrooms and 6 bathrooms across 3,208 square feet
- Multiple kitchens in a renovated detached multifamily property
- Finished attic and finished basement with separate walkout entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,418
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,360
$1.6M
Cap Rate 7%
$1,120,257
$1.1M
Cap Rate 9%
$871,311
$871.3K
Market Conditions
NOI Build-Up for 3,208 SF
Gross rent
$148.2K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$142.6K $44.44/SF
− OpEx
−$64.2K −$20.00/SF
NOI
$78.4K $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%
$1,568,360
Cap Rate 7%
$1,120,257
Cap Rate 9%
$871,311
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$980.2K – $1.31M
NOI $78,418 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,548 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
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Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
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Market
Properties on Market for Multifamily properties in Queens Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated property with finished attic and basement, multiple kitchens, and a private driveway.
Where is this multifamily property located?
The property is located at 22323 109th Ave Queens Village, NY.
What is the asking price?
The asking price for this property is $1,429,000.
What are key features of this property?
This property features: 10 bedrooms and 6 bathrooms across 3,208 square feet; Multiple kitchens in a renovated detached multifamily property; Finished attic and finished basement with separate walkout entrance
