Two-Family Duplex with Finished
For Sale
$1,250,000
249-02 Weller Avenue, Rosedale, NY 11422
Two separate floor layouts provide private kitchens and open living and dining areas.
Property Size2,390 SF
Price / SF$523.01
Days on Market9
Property Features for 249-02 Weller Avenue
General Information
Standard status
Active
Size
2,390 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,024
Amenities
private driveway parking
Finished,Full
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Kitchen Island
Finished, Full
Public
No
Driveway, Private
2390
Building Details
Building Size
2,390 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Max It Realty
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 legal two-family duplex contains 2,390 square feet and was built in 1960. Each of the two main floors has three bedrooms, two full bathrooms, a separate kitchen, and an open living and dining area. The finished basement adds two rooms and one bathroom, bringing the property total to five bathrooms. Private driveway parking is also included.
Located at 249-02 Weller Avenue in Rosedale, Queens, the property is arranged across two independent residential floors with additional finished basement space.
Located at 249-02 Weller Avenue in Rosedale, Queens, the property is arranged across two independent residential floors with additional finished basement space.
Key Highlights
- Legal two‑family property with 2,390 square feet
- Each main floor has 3 bedrooms, 2 full bathrooms, a separate kitchen, and open living and dining space
- Finished basement with 2 rooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,422
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,440
$1.2M
Cap Rate 7%
$834,600
$834.6K
Cap Rate 9%
$649,133
$649.1K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$110.4K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.2K $44.44/SF
− OpEx
−$47.8K −$20.00/SF
NOI
$58.4K $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%
$1,168,440
Cap Rate 7%
$834,600
Cap Rate 9%
$649,133
Alternative Uses
Best Use
Apartment 5plus
$834.6K
$730.3K – $973.7K
NOI $58,422 @ 7.0% cap · market cap 4.67%
Second Best
Multifamily LT 5
$565.1K
$494.5K – $659.3K
NOI $39,558 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,335 @ 7.0% cap · market cap 9.87%
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
823
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate floor layouts provide private kitchens and open living and dining areas.
Where is this duplex located?
The property is located at 249-02 Weller Avenue Rosedale, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal two‑family property with 2,390 square feet; Each main floor has 3 bedrooms, 2 full bathrooms, a separate kitchen, and open living and dining space; Finished basement with 2 rooms and 1 bathroom
