Duplex with Private
For Sale
$1,398,000
241-33 143rd Avenue, Rosedale, NY 11422
Residential Income, Rosedale, NY
Property Size2,980 SF
Price / SF$469.13
Days on Market49
Property Features for 241-33 143rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 7, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
Parking
4
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Open Floorplan, Open Kitchen, Primary Bathroom
Basement
Finished, Walk-Out Access, Full
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
1335784
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6000
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Block, Vinyl Siding
Listing Agency:
B2B Real Estate Group Inc
(347) 517-8828
Listed By:
Inbal Levy · License #10311208049
(347) 517-8828
Added: Jul 15
Changed: Aug 31
Last Checked: Sep 1 at 6:06PM
MLS# 1026592
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level duplex contains 2,980 square feet with distinct apartment layouts. The first level includes three bedrooms, while the second provides four bedrooms; each apartment has two full bathrooms. Both residences feature open living areas, open kitchens, high ceilings, recessed lighting, and hardwood and tile flooring. A split-unit system provides electric cooling and heating support while maintaining a streamlined interior appearance.
The property includes a full basement with a separate entrance, creating additional space for storage, recreation, or extended living. Exterior features include a private driveway and garage. Construction materials include block and vinyl siding, with public water and public sewer serving the property. The home is located in Rosedale, Queens, New York.
The property includes a full basement with a separate entrance, creating additional space for storage, recreation, or extended living. Exterior features include a private driveway and garage. Construction materials include block and vinyl siding, with public water and public sewer serving the property. The home is located in Rosedale, Queens, New York.
Key Highlights
- 2,980 sq. ft. duplex with two apartment levels
- First level includes 3 bedrooms; second level includes 4 bedrooms
- Each apartment has 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,880
$1.5M
Cap Rate 7%
$1,040,629
$1.0M
Cap Rate 9%
$809,378
$809.4K
Market Conditions
NOI Build-Up for 2,980 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$137.7K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$132.4K $44.44/SF
− OpEx
−$59.6K −$20.00/SF
NOI
$72.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,880
Cap Rate 7%
$1,040,629
Cap Rate 9%
$809,378
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$910.6K – $1.21M
NOI $72,844 @ 7.0% cap · market cap 5.21%
Second Best
Multifamily LT 5
$704.6K
$616.6K – $822.1K
NOI $49,324 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,782 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartment levels offer separate living areas, private parking, a garage, and a full basement with its own entrance.
Where is this duplex located?
The property is located at 241-33 143rd Avenue Rosedale, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: 2,980 sq. ft. duplex with two apartment levels; First level includes 3 bedrooms; second level includes 4 bedrooms; Each apartment has 2 full bathrooms
