Renovated Duplex with Finished
New
For Sale
$1,169,000
Pending
253-10 148th Drive, Rosedale, NY 11422
Two-family residence with six bedrooms, four full bathrooms, driveway parking and a two-car garage.
Property Size2,350 SF
Lot Size0.09 Acres
Days on Market1
Property Features for 253-10 148th Drive
General Information
Standard status
Pending
Size
2,350 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,446
Amenities
finished basement
large backyard
private driveway
2-car garage
Finished
4
Yes
6
First Floor Bedroom,Breakfast Bar,Eat-in Kitchen,Walk-In Closet(s)
Public
No
Driveway
2350
Building Details
Building Size
2,350 SF
Year Built
1970
Construction
High Ranch
Listing Agency:
Real Broker NY LLC
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 4:52AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This renovated two-family high ranch at 253-10 148th Drive offers 2,350 square feet, six bedrooms and four full bathrooms. The finished basement adds usable interior space, while a private driveway and two-car garage provide on-site parking. A large backyard extends the property outdoors.
The residence sits on a 40-by-95-foot lot in Rosedale, New York. Year built: 1970.
The residence sits on a 40-by-95-foot lot in Rosedale, New York. Year built: 1970.
Key Highlights
- Two‑family high ranch with six bedrooms and four full bathrooms
- 2,350 square feet of property area
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,444
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,880
$1.1M
Cap Rate 7%
$820,629
$820.6K
Cap Rate 9%
$638,267
$638.3K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$108.6K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.4K $44.44/SF
− OpEx
−$47.0K −$20.00/SF
NOI
$57.4K $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%
$1,148,880
Cap Rate 7%
$820,629
Cap Rate 9%
$638,267
Alternative Uses
Best Use
Apartment 5plus
$820.6K
$718.1K – $957.4K
NOI $57,444 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$555.7K
$486.2K – $648.3K
NOI $38,896 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,271 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
472
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-family residence with six bedrooms, four full bathrooms, driveway parking and a two-car garage.
Where is this duplex located?
The property is located at 253-10 148th Drive Rosedale, NY.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Two‑family high ranch with six bedrooms and four full bathrooms; 2,350 square feet of property area; Finished basement
