Two-Family Duplex with Flexible Lower
For Sale
$1,680,000
2511 126th Street, New York, NY 11354
Separate kitchens and a lower-level recreation room support a range of household arrangements.
Property Size2,384 SF
Lot Size0.11 Acres
Price / SF$704.70
Days on Market36
Property Features for 2511 126th Street
General Information
Standard status
Active
Size
2,384 SF
Lot size
0.11 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Harlem
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 25
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family duplex contains approximately 2,384 square feet of living space on a 4,988-square-foot lot. The main and second floors each have three bedrooms, two bathrooms, a kitchen, and living or family space. A lower level adds a recreation room, bathroom, utility area, and additional usable space. The home was built in 1940.
The property is in Flushing, near shopping, dining, transportation, and neighborhood amenities.
The property is in Flushing, near shopping, dining, transportation, and neighborhood amenities.
Key Highlights
- Two‑family layout with 6 bedrooms and 2 kitchens
- Main and second floors each offer 3 bedrooms, 2 bathrooms, a kitchen, and living space
- Approximately 2,384 sq ft of living space on a 4,988 sq ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,683
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,660
$1.6M
Cap Rate 7%
$1,152,614
$1.2M
Cap Rate 9%
$896,478
$896.5K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$121.6K $51.00/SF
− Vacancy
−$6.3K −$2.65/SF
EGI
$115.3K $48.35/SF
− OpEx
−$34.6K −$14.50/SF
NOI
$80.7K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,660
Cap Rate 7%
$1,152,614
Cap Rate 9%
$896,478
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$1.07M
$932.4K – $1.24M
NOI $74,589 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$5.93M
$5.19M – $6.92M
NOI $415,388 @ 7.0% cap · market cap 24.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,529
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and a lower-level recreation room support a range of household arrangements.
Where is this duplex located?
The property is located at 2511 126th Street New York, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Two‑family layout with 6 bedrooms and 2 kitchens; Main and second floors each offer 3 bedrooms, 2 bathrooms, a kitchen, and living space; Approximately 2,384 sq ft of living space on a 4,988 sq ft lot
