Duplex With Lower-Level
253-07 Memphis Avenue, Rosedale, NY 11422
For Sale
$1,510,000
A separate-entry apartment and installed EV charger add flexibility to this two-family residence.
Property Size2,984 SF
Price / SF$506.03
Days on Market106
Property Features for 253-07 Memphis Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
solar panels
Level 2 EV charger
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Exclusive Homes Group Inc
Listed By:
Amit Nidam
(917) 703-1772
Source:
Nmgproperties
Added: Jul 27
Changed: Nov 8
Last Checked: Nov 8 at 8:53PM
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 Exclusive Homes Group Inc
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 2,984-square-foot duplex pairs a four-bedroom, two-bathroom main residence with a two-bedroom apartment on the lower level. The main unit includes formal living and dining rooms, a kitchen, and en-suite primary bedrooms with walk-in closets. The lower-level apartment has its own entrance, full kitchen with center island, living and dining areas, separate laundry room, and office space.
Paid-off solar panels and a Level 2 EV charger are installed at the property. The separate apartment configuration and distinct household spaces provide options for extended-family occupancy or rental use.
Paid-off solar panels and a Level 2 EV charger are installed at the property. The separate apartment configuration and distinct household spaces provide options for extended-family occupancy or rental use.
Key Highlights
- 2,984‑square‑foot two‑family residence
- Main residence has 4 bedrooms and 2 bathrooms
- Lower‑level apartment includes 2 bedrooms and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,737
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,740
$1.5M
Cap Rate 7%
$1,053,386
$1.1M
Cap Rate 9%
$819,300
$819.3K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$114.6K $38.40/SF
− Vacancy
−$9.2K −$3.10/SF
EGI
$105.3K $35.30/SF
− OpEx
−$31.6K −$10.59/SF
NOI
$73.7K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,474,740
Cap Rate 7%
$1,053,386
Cap Rate 9%
$819,300
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$921.7K – $1.23M
NOI $73,737 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$1.04M
$911.8K – $1.22M
NOI $72,942 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,989 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
804
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in Rosedale
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry apartment and installed EV charger add flexibility to this two-family residence.
Where is this duplex located?
The property is located at 253-07 Memphis Avenue Rosedale, NY.
What is the asking price?
The asking price for this property is $1,510,000.
What are key features of this property?
This property features: 2,984‑square‑foot two‑family residence; Main residence has 4 bedrooms and 2 bathrooms; Lower‑level apartment includes 2 bedrooms and a separate entrance
