Renovated Two-Family
24149 148th Drive Rosedale, NY 11422
For Sale
$1,349,000
Pending
MULTI_FAMILY - Rosedale, NY
Property Size3,000 SF
Lot Size0.09 Acres
Days on Market147
Property Features for 24149 148th Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Full, Finished
Standard status
Pending
APN
13748-0046
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7740
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Brick, Frame
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 967756
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.
241-49 148th Drive presents a meticulously renovated two-family home on a tree-lined street in Rosedale. The building spans a 25x41 footprint and offers over 3,000 sq. ft. of living space, set on a 40x100 lot. A wide private driveway, garage, and substantial yard area support outdoor gatherings and everyday convenience.
The property is configured as two 3-bedroom, 2-bath units. One rental unit is set up as a 3 bedroom 2 bath, and the owner’s first-floor unit can be used as a garden-basement duplex to create additional living or recreational space. Both units feature expansive, modern, open-concept living and dining areas designed for entertaining, along with spacious bedrooms and ample closet space. The kitchen includes granite countertops, floor-to-ceiling custom cabinetry, and a full suite of stainless steel appliances with island seating.
A high-ceiling, fully finished basement adds flexibility, with both interior and exterior access. It can serve as an in-law suite, guest quarters, media den, home office, storage, or additional recreational space. Renovations include brand-new select wide oak wood flooring, recessed lighting, updated electrical, heating, plumbing, and central HVAC systems throughout, supporting a turnkey experience for the next owner.
The property is configured as two 3-bedroom, 2-bath units. One rental unit is set up as a 3 bedroom 2 bath, and the owner’s first-floor unit can be used as a garden-basement duplex to create additional living or recreational space. Both units feature expansive, modern, open-concept living and dining areas designed for entertaining, along with spacious bedrooms and ample closet space. The kitchen includes granite countertops, floor-to-ceiling custom cabinetry, and a full suite of stainless steel appliances with island seating.
A high-ceiling, fully finished basement adds flexibility, with both interior and exterior access. It can serve as an in-law suite, guest quarters, media den, home office, storage, or additional recreational space. Renovations include brand-new select wide oak wood flooring, recessed lighting, updated electrical, heating, plumbing, and central HVAC systems throughout, supporting a turnkey experience for the next owner.
Key Highlights
- Renovated 2‑family with two 3‑bedroom, 2‑bath layouts and 3,000+ sq ft of living space on a 40x100 lot
- 25x41 building with wide private driveway, garage, and large yard space for outdoor gatherings
- Rental unit configured as 3BR/2BA with the ability to generate $4,000/month
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.44%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units with modern open layouts, central HVAC, and private driveway plus garage and yard 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: Renovated 2‑family with two 3‑bedroom, 2‑bath layouts and 3,000+ sq ft of living space on a 40x100 lot; 25x41 building with wide private driveway, garage, and large yard space for outdoor gatherings; Rental unit configured as 3BR/2BA with the ability to generate $4,000/month
