Renovated Two-Family
74-03 85th Drive, Woodhaven, NY 11421
New
MULTI_FAMILY - Woodhaven, NY
Property size:
2,750 SFLot size:
0.04 AcresPrice / SF:
$413/SF- Added:
- May 29, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 74-03 85th Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Basement, Bathroom 1
- Parking features
- Garage, Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Finished, Walk-Out Access
- Standard status
- Active
- APN
- 08838-0065
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8129
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
- Cooling system
- Window Unit(s), Multi Units, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1955
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Brick
Listing agent Fei Guo (516) 587-9113
Listing office Skylux Realty Inc 55 Northern Blvd Suite 302, FLUSHING, NY (718) 500-2231
Listing date May 29, 2026
MLS# 1006408
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑level two‑family brick home with approximately 2,750 SF of interior living space
- Built‑in garage plus driveway parking; each of the three above‑grade levels is approximately 20x50 SF
- Both residential units renovated with updated interiors in move‑in‑ready condition
- Utility setup includes 3 electric meters and 2 gas meters
- Hot water boiler was replaced within the past four years
- Heat includes steam and natural gas; cooling includes window/wall units; public water and public sewer
Overview
This three-level two-family residence is well maintained and presented in excellent, move-in-ready condition. The interior is arranged as two updated units, each offering two bedrooms, a full bath, a bright living area, and an eat-in or modern kitchen. A built-in garage adds additional practicality for day-to-day use. The property also includes multiple utility services, with three electric meters and two gas meters, along with a hot water boiler that was replaced within the past four years.
Set on a peaceful residential block in Woodhaven, the home is positioned for convenient access to local shopping, restaurants, schools, and everyday essentials. Commuters benefit from nearby transit service, including easy access to the J and Z subway lines as well as multiple bus routes, with major thoroughfares including Jackie Robinson Parkway, Woodhaven Boulevard, and Cross Bay Boulevard.
The layout and condition make this a strong fit for owner-occupants looking to supplement their housing costs, as well as for long-term investors seeking a versatile, residential income asset. With both units renovated and the property supported by relatively recent mechanical replacement, it offers a turnkey opportunity to operate immediately with less near-term work.
Set on a peaceful residential block in Woodhaven, the home is positioned for convenient access to local shopping, restaurants, schools, and everyday essentials. Commuters benefit from nearby transit service, including easy access to the J and Z subway lines as well as multiple bus routes, with major thoroughfares including Jackie Robinson Parkway, Woodhaven Boulevard, and Cross Bay Boulevard.
The layout and condition make this a strong fit for owner-occupants looking to supplement their housing costs, as well as for long-term investors seeking a versatile, residential income asset. With both units renovated and the property supported by relatively recent mechanical replacement, it offers a turnkey opportunity to operate immediately with less near-term work.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.1k | $46.20 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $122.2k | $44.44 |
| − OpEx | −$55.0k | −$20.00 |
| NOI | $67.2k | $24.44 |
2,750 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 5.91%
Second Best
Multifamily LT 5
$650.2K
$569.0K – $758.6K
NOI $45,517 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,913 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Woodhaven
- County
- Queens
- State
- New York
- Longitude
- -73.868166
- Latitude
- 40.693517
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in-ready, renovated two-unit home offers flexible living and rental income with modernized systems.
Where is this duplex located?
The property is located at 74-03 85th Drive Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,138,000.
What are key features of this property?
This property features: Three‑level two‑family brick home with approximately 2,750 SF of interior living space; Built‑in garage plus driveway parking; each of the three above‑grade levels is approximately 20x50 SF; Both residential units renovated with updated interiors in move‑in‑ready condition
