Woodhaven Two-Family
For Sale
$1,298,000
Pending
78-27 90th Ave, Queens, NY 11421
Two-family home in Woodhaven with finished basement and backyard.
Property Size2,560 SF
Lot Size0.06 Acres
Days on Market315
Property Features for 78-27 90th Ave
General Information
Standard status
Pending
Size
2,560 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,107
Building Details
Building Size
2,560 SF
Year Built
1925
Units
2
Listed By:
Yu Lan Chen
(917) 622-3998
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 23
Last Checked: Oct 7 at 2:03PM
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 Yu Lan Chen
Investment Insights
Based on property information with market context.
This two-family home is located in Woodhaven. The property has R3-1 zoning and a lot size of 25x100.92. The building size is 20x40. The first floor features 2 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen. The second floor features 2 bedrooms, 2 full bathrooms, and a balcony. The third floor features 2 bedrooms, 2 full bathrooms, a living/dining room, and a kitchen. The finished basement includes 1 half bathroom. The property includes a 2 car driveway. The backyard space is suitable for outdoor activities. The property is located close to shops, restaurants, parks, and schools. Transportation options include the Q24 and Q56 buses and the J/Z 75th St-Eldert Ln train station.
Key Highlights
- Two family home, ideal for rental income or multi‑generational living
- Each unit features 2 bedrooms and 2 full bathrooms
- Finished basement provides additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,578
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,560
$1.3M
Cap Rate 7%
$893,971
$894.0K
Cap Rate 9%
$695,311
$695.3K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$118.3K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.8K $44.44/SF
− OpEx
−$51.2K −$20.00/SF
NOI
$62.6K $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%
$1,251,560
Cap Rate 7%
$893,971
Cap Rate 9%
$695,311
Alternative Uses
Best Use
Apartment 5plus
$894.0K
$782.2K – $1.04M
NOI $62,578 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,108 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-family home in Woodhaven with finished basement and backyard.
Where is this apartment building located?
The property is located at 78-27 90th Ave Queens, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Two family home, ideal for rental income or multi‑generational living; Each unit features **2 bedrooms and 2 full bathrooms**; Finished basement provides additional living space
