Two-Unit Duplex with Flexible
For Sale
$1,300,000
33-28 14th St, Queens, NY 11106
Separate residences include three-bedroom and two-bedroom floor plans within a well-maintained two-family property.
Property Size2,262 SF
Days on Market50
Property Features for 33-28 14th St
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,837
Building Details
Building Size
2,262 SF
Year Built
1996
Buildings
1
Stories
3
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 15 at 1:38AM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1996, this well-maintained duplex is configured as two separate residences. The main home spans the first and second floors, with a living room, half bathroom, and open kitchen-dining area below, plus three bedrooms and a full bathroom upstairs. The second residence occupies the third floor and includes two bedrooms, a full bathroom, living room, dining room, and kitchen.
The property is located at 33-28 14th St in Queens, NY 11106. Daily mobility is supported by a Walk Score of 93, a Transit Score of 79, and a Bike Score of 89. Shopping, restaurants, parks, transportation, and other Long Island City amenities are identified as nearby.
The property is located at 33-28 14th St in Queens, NY 11106. Daily mobility is supported by a Walk Score of 93, a Transit Score of 79, and a Bike Score of 89. Shopping, restaurants, parks, transportation, and other Long Island City amenities are identified as nearby.
Key Highlights
- Two separate residences within one duplex property
- Main residence includes 3 bedrooms and 1 full bathroom across the second floor
- Third‑floor residence offers 2 bedrooms, 1 full bathroom, living room, dining room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,293
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,860
$1.1M
Cap Rate 7%
$789,900
$789.9K
Cap Rate 9%
$614,367
$614.4K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$104.5K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$100.5K $44.44/SF
− OpEx
−$45.2K −$20.00/SF
NOI
$55.3K $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%
$1,105,860
Cap Rate 7%
$789,900
Cap Rate 9%
$614,367
Alternative Uses
Best Use
Apartment 5plus
$789.9K
$691.2K – $921.6K
NOI $55,293 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,730 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 11106, NY
41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
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 - Separate residences include three-bedroom and two-bedroom floor plans within a well-maintained two-family property.
Where is this duplex located?
The property is located at 33-28 14th St Queens, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two separate residences within one duplex property; Main residence includes 3 bedrooms and 1 full bathroom across the second floor; Third‑floor residence offers 2 bedrooms, 1 full bathroom, living room, dining room, and kitchen
