Two-Family Duplex with Finished
For Sale
$1,349,000
Pending
24149 148th Drive, Rosedale, NY 11422
Two three-bedroom units feature open living areas, renovated kitchens, and private outdoor space.
Property Size2,050 SF
Days on Market9
Property Features for 24149 148th Drive
General Information
Standard status
Pending
Size
2,050 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,739
Amenities
Finished,Full
5
Yes
6
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
No
Driveway, Private
2050
Building Details
Building Size
2,050 SF
Year Built
1950
Listing Agency:
Keystone Realty USA Corp
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:44PM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
This two-family property in Rosedale has two 3-bedroom, 2-bathroom units, each with open living and dining areas. Renovated kitchens include granite counters, custom cabinetry, stainless steel appliances, and islands. A finished basement has interior and exterior access, while the property also offers a private driveway, garage, and yard. Renovation work includes flooring, recessed lighting, electrical, heating, plumbing, and central HVAC systems.
Built in 1950, the home sits on a 40-by-100-foot lot. Brookville Boulevard, Edgewood Street, and 149th Avenue are nearby, along with schools, shopping, restaurants, parks, and JFK Airport.
Built in 1950, the home sits on a 40-by-100-foot lot. Brookville Boulevard, Edgewood Street, and 149th Avenue are nearby, along with schools, shopping, restaurants, parks, and JFK Airport.
Key Highlights
- Two‑family property with two 3‑bedroom, 2‑bathroom units
- Finished basement with interior and exterior access
- 40x100 lot with private driveway, garage, and yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,111
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,220
$1.0M
Cap Rate 7%
$715,871
$715.9K
Cap Rate 9%
$556,789
$556.8K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$94.7K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.1K $44.44/SF
− OpEx
−$41.0K −$20.00/SF
NOI
$50.1K $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%
$1,002,220
Cap Rate 7%
$715,871
Cap Rate 9%
$556,789
Alternative Uses
Best Use
Apartment 5plus
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$484.7K
$424.1K – $565.5K
NOI $33,931 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,790 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
489
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 three-bedroom units feature open living areas, renovated kitchens, and private outdoor space.
Where is this duplex located?
The property is located at 24149 148th Drive Rosedale, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Two‑family property with two 3‑bedroom, 2‑bathroom units; Finished basement with interior and exterior access; 40x100 lot with private driveway, garage, and yard
