Building Details

Building Size 4,170 SF

Year Built 2015

Units 2

Listing Agency: GOOD CHOICE REALTY & MGMT CORP

Listed By: Joann Lee · License #KEY42400 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Oct 2 Last Checked: Oct 7 at 2:03PM

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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 GOOD CHOICE REALTY & MGMT CORP

Investment Insights

Based on property information with market context.

This is a 10-year-old, custom-built brick two-family house located in the Auburndale neighborhood. The property is situated two blocks from the Q27 bus to Main Street and the #7 subway, and three blocks from Northern Boulevard. Constructed with quality materials, this property is approximately one mile from Kissena Park Golf Course and the Auburndale train station. The basement features an outside entrance, multiple windows, and a connection to the first-floor unit. Sliding glass doors lead to a small deck in the backyard. The property also includes a granite large stone porch.

Key Highlights

• Custom‑built brick 2‑family house, constructed in 2015.
• Located in a nice, quiet Auburndale neighborhood.
• Convenient access to transportation with the Q27 bus to Main Street #7 subway only 2 blocks away, and Northern Blvd just 3 blocks away.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,933

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,038,660 $2.0M

Cap Rate 7%

$1,456,186 $1.5M

Cap Rate 9%

$1,132,589 $1.1M

Market Conditions

NOI Build-Up for 4,170 SF

Gross rent

$192.7K $46.20/SF

− Vacancy

−$7.3K −$1.76/SF

EGI

$185.3K $44.44/SF

− OpEx

−$83.4K −$20.00/SF

NOI

$101.9K $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%

$2,038,660

Cap Rate 7%

$1,456,186

Cap Rate 9%

$1,132,589

Alternative Uses

Best Use

Apartment 5plus

$1.46M

$1.27M – $1.70M (±1% cap)

NOI $101,933 @ 7.0% cap · market cap 5.12%

Second Best

Multifamily LT 5

$986.0K

$862.8K – $1.15M (±1% cap)

NOI $69,020 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$3.07M

$2.69M – $3.59M (±1% cap)

NOI $215,192 @ 7.0% cap · market cap 10.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Hotel & Motel Tech Support Center Daycare Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,621

Businesses Nearby

Explore this area Business Placement

Demographics for 11358, NY

40,435

Population

13,806

Households

2.9

Avg Household Size

43

Median Age

37%

College-Educated

84%

High-School Grad

2.0 sq mi

ZIP Area

20,218

Density / Sq Mi

$88,729

Median Household Income

$46,875

Median Earnings

$2,086

Median Rent

$967,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family house in Auburndale, close to transportation and amenities.

Where is this duplex located?

The property is located at 45-44 E 189 St Queens, NY.

What is the asking price?

The asking price for this property is $1,990,000.

What are key features of this property?

This property features: Custom‑built brick 2‑family house, constructed in 2015.; Located in a nice, quiet Auburndale neighborhood.; Convenient access to transportation with the Q27 bus to Main Street #7 subway only 2 blocks away, and Northern Blvd just 3 blocks away.