2-Unit Duplex
For Sale
$1,499,000
61-26 233rd Street, Oakland Gardens, NY 11364
Each residence has its own kitchen, living and dining areas, three bedrooms, and a family room or den.
Property Size3,637 SF
Price / SF$412.15
Days on Market54
Property Features for 61-26 233rd Street
General Information
Standard status
Active
Size
3,637 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,102
Amenities
laundry room
First Floor Bedroom
Cathedral Ceiling(s)
Ceiling Fan(s)
His and Hers Closets
Natural Woodwork
Walk-In Closet(s)
Building Details
Year Built
1979
Units
2
Listing Agency:
Julia Xelas Realty
(646) 529-0979
Listed By:
Julia Xelas SRES
Source:
Adamstreetrealty
Added: Sep 11
Changed: Nov 3
Last Checked: Nov 3 at 5:56AM
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 Julia Xelas Realty
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Investment Insights
Based on property information with market context.
This two-unit condominium property contains approximately 3,637 square feet, with six bedrooms and 4.5 baths in total. Each duplex residence includes a kitchen, living room, dining area, three bedrooms, two baths, and a family room or den. Shared features include a dedicated laundry room, a backyard, and a one-car garage. The building’s construction year is omitted because the source provides conflicting dates.
The property is zoned R3 and sits directly across from a nature preserve park. Schools, shops, and restaurants are within walking distance.
The property is zoned R3 and sits directly across from a nature preserve park. Schools, shops, and restaurants are within walking distance.
Key Highlights
- Two separate duplex residences, each with 3 bedrooms and 2 baths
- Approximately 3,637 square feet across both units
- Combined layout includes 6 bedrooms and 4.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,904
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,778,080
$1.8M
Cap Rate 7%
$1,270,057
$1.3M
Cap Rate 9%
$987,822
$987.8K
Market Conditions
NOI Build-Up for 3,637 SF
Gross rent
$168.0K $46.20/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$161.6K $44.44/SF
− OpEx
−$72.7K −$20.00/SF
NOI
$88.9K $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%
$1,778,080
Cap Rate 7%
$1,270,057
Cap Rate 9%
$987,822
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,904 @ 7.0% cap · market cap 5.93%
Second Best
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,198 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,687 @ 7.0% cap · market cap 12.52%
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
542
Businesses Nearby
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Business Placement
Demographics for 11364, NY
37,032
Population
14,527
Households
2.5
Avg Household Size
45
Median Age
49%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
14,813
Density / Sq Mi
$101,222
Median Household Income
$55,295
Median Earnings
$2,330
Median Rent
$770,100
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 - Each residence has its own kitchen, living and dining areas, three bedrooms, and a family room or den.
Where is this duplex located?
The property is located at 61-26 233rd Street Oakland Gardens, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two separate duplex residences, each with 3 bedrooms and 2 baths; Approximately 3,637 square feet across both units; Combined layout includes 6 bedrooms and 4.5 baths
