Two-Family Duplex with Accessible
228-04 145th Avenue, Springfield Gardens, NY 11413
For Sale
$1,199,999
Two separate apartments each feature spacious bedrooms and a primary suite with a private bathroom.
Property Size2,145 SF
Price / SF$559.44
Days on Market146
Property Features for 228-04 145th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Milestone Team Rlty
Listed By:
Yvette S. Kearse Momplaisir
(718) 291-7000
Source:
Nmgproperties
Added: Jun 16
Changed: Nov 7
Last Checked: Nov 7 at 7:03PM
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 Century 21 Milestone Team Rlty
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Investment Insights
Based on property information with market context.
This two-family duplex, built in 1955, contains two apartments with large bedrooms, oversized living rooms, and a primary suite with a private en-suite bathroom in each unit. The first-floor apartment includes a wheelchair ramp and a primary bathroom with a supportive shower. The property also has landscaped grounds and a driveway that accommodates three cars.
Key Highlights
- Two apartments, each with a primary suite and private en‑suite bathroom
- First‑floor unit has a wheelchair ramp and supportive shower
- Driveway accommodates three cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,433
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,660
$1.0M
Cap Rate 7%
$749,043
$749.0K
Cap Rate 9%
$582,589
$582.6K
Market Conditions
NOI Build-Up for 2,145 SF
Gross rent
$99.1K $46.20/SF
− Vacancy
−$3.8K −$1.76/SF
EGI
$95.3K $44.44/SF
− OpEx
−$42.9K −$20.00/SF
NOI
$52.4K $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%
$1,048,660
Cap Rate 7%
$749,043
Cap Rate 9%
$582,589
Alternative Uses
Best Use
Apartment 5plus
$749.0K
$655.4K – $873.9K
NOI $52,433 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$507.2K
$443.8K – $591.7K
NOI $35,503 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,692 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,820
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
Properties on Market for Duplexes in Springfield Gardens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments each feature spacious bedrooms and a primary suite with a private bathroom.
Where is this duplex located?
The property is located at 228-04 145th Avenue Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Two apartments, each with a primary suite and private en‑suite bathroom; First‑floor unit has a wheelchair ramp and supportive shower; Driveway accommodates three cars
