Renovated Two-Family
For Sale
$1,199,000
23515 147th Road, Rosedale, NY 11422
Two separate floors each offer three bedrooms, updated kitchens and baths, and dedicated utility meters.
Property Size2,232 SF
Price / SF$537.19
Days on Market21
Property Features for 23515 147th Road
General Information
Standard status
Active
Size
2,232 SF
Total Parking Spaces
4
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,146
Amenities
First Floor Bedroom
First Floor Full Bath
Formal Dining
Granite Counters
Natural Woodwork
Primary Bathroom
Recessed Lighting
Storage
Washer/Dryer Hookup
Building Details
Building Size
2,232 SF
Year Built
1960
Units
2
Listing Agency:
Max It Realty
(516) 841-2233
Listed By:
Mohammad G. Amin
(646) 348-4472
Source:
Adamstreetrealty
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 3 at 5:56AM
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 Max It Realty
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Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex, built in 1960, has two residential floors with three bedrooms and 1.5 bathrooms on each level. Renovations include kitchens, bathrooms, appliances, and wood flooring on both main floors. The finished basement adds a full bathroom, kitchen setup, marble flooring, high ceilings, and an exterior entrance. Solar panels, two boilers, and separate gas and electric meters serve the property.
A wide driveway provides off-street parking, and the home has a large backyard. Brookville Park is one block away, with playgrounds, sports facilities, cycling areas, and barbecue spaces.
A wide driveway provides off-street parking, and the home has a large backyard. Brookville Park is one block away, with playgrounds, sports facilities, cycling areas, and barbecue spaces.
Key Highlights
- Two units with three bedrooms and 1.5 bathrooms on each floor
- 2,232 square feet; built in 1960
- Finished basement with full bathroom, kitchen setup, high ceilings, marble flooring, and exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,560
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,200
$1.1M
Cap Rate 7%
$779,429
$779.4K
Cap Rate 9%
$606,222
$606.2K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$103.1K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.2K $44.44/SF
− OpEx
−$44.6K −$20.00/SF
NOI
$54.6K $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%
$1,091,200
Cap Rate 7%
$779,429
Cap Rate 9%
$606,222
Alternative Uses
Best Use
Apartment 5plus
$779.4K
$682.0K – $909.3K
NOI $54,560 @ 7.0% cap · market cap 4.55%
Second Best
Multifamily LT 5
$527.8K
$461.8K – $615.7K
NOI $36,943 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,182 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
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Business Placement
Demographics for 11422, NY
32,839
Population
10,694
Households
3.1
Avg Household Size
41
Median Age
33%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
15,638
Density / Sq Mi
$108,519
Median Household Income
$51,788
Median Earnings
$2,327
Median Rent
$629,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate floors each offer three bedrooms, updated kitchens and baths, and dedicated utility meters.
Where is this duplex located?
The property is located at 23515 147th Road Rosedale, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two units with three bedrooms and 1.5 bathrooms on each floor; 2,232 square feet; built in 1960; Finished basement with full bathroom, kitchen setup, high ceilings, marble flooring, and exterior entrance
