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Duplex with Finished Basement
For Sale
$900,000

240-58 147th Avenue, Rosedale, NY 11422

Detached two-family residence with hardwood flooring and a separate exterior entrance to the basement.

Property Size1,182 SF
Price / SF$761.42
Days on Market54

Property Features for 240-58 147th Avenue

General Information

Standard status Active
Size 1,182 SF
Total Parking Spaces 2
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $7,489

Amenities

Hard wood floors throughout
Coran countertop on first floor
Full finished basement with separate outside entrance
First Floor Bedroom
First Floor Full Bath
Formal Dining
Marble Counters
Walk Through Kitchen

Building Details

Building Size 1,182 SF
Year Built 1950
Units 2
Listed By: Gail Leone
Source: Clairedleone
Added: Sep 1 Changed: Oct 23 Last Checked: Oct 23 at 3:45PM

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 Gail Leone

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Investment Insights

Based on property information with market context.

This detached duplex is configured as a two-family house and includes hardwood floors throughout. The first floor has a countertop, and the basement is fully finished with its own exterior entrance. The property was built in 1950.

Key Highlights

  • Detached two‑family house
  • Fully finished basement with separate outside entrance
  • Hardwood floors throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,893
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,860 $577.9K
Cap Rate 7%
$412,757 $412.8K
Cap Rate 9%
$321,033 $321.0K
Market Conditions
NOI Build-Up for 1,182 SF
Gross rent
$54.6K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$52.5K $44.44/SF
− OpEx
−$23.6K −$20.00/SF
NOI
$28.9K $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%
$577,860
Cap Rate 7%
$412,757
Cap Rate 9%
$321,033

Alternative Uses

Best Use
Apartment 5plus
$412.8K
$361.2K – $481.6K (±1% cap)
NOI $28,893 @ 7.0% cap · market cap 3.21%
Second Best
Multifamily LT 5
$279.5K
$244.6K – $326.1K (±1% cap)
NOI $19,564 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$871.4K
$762.5K – $1.02M (±1% cap)
NOI $60,997 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,592
Businesses Nearby

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
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Detached two-family residence with hardwood flooring and a separate exterior entrance to the basement.
Where is this duplex located?
The property is located at 240-58 147th Avenue Rosedale, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Detached two‑family house; Fully finished basement with separate outside entrance; Hardwood floors throughout
More about this property
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