Legal Two-Family
80-36 138th Street Briarwood, NY 11435
For Sale
$1,199,000
Legal two-family duplex set up across three floors and currently tenant occupied.
Property Size2,680 SF
Price / SF$447.39
Days on Market205
Property Features for 80-36 138th Street
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Duplex
Building Details
Year Built
1965
Listing Agency:
ERA/Caputo Realty
(516) 428-7615
Listed By:
Grace Desiderio · License #30DE0849009
Source:
Cbwarburg
Added: Jan 6
Changed: Jul 30
Last Checked: Jul 30 at 2:23AM
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 ERA/Caputo Realty
Investment Insights
Based on property information with market context.
This legal two-family duplex offers a three-floor layout designed for separate residential use, with the property currently tenant occupied. The home includes a two-car private driveway and an attached garage, adding convenient off-street parking for residents.
Built in 1965, the property contains 2,680 SF and is located at 80-36 138th Street in Briarwood, NY. Convenience to transit is a key feature, with an approximately 10-minute walk to the subway and an approximately 15-minute walk to Kew Gardens Station (LIRR).
For buyers seeking a straightforward two-family configuration with on-site parking and commuter access, this duplex presents a practical rental housing option in Briarwood.
Built in 1965, the property contains 2,680 SF and is located at 80-36 138th Street in Briarwood, NY. Convenience to transit is a key feature, with an approximately 10-minute walk to the subway and an approximately 15-minute walk to Kew Gardens Station (LIRR).
For buyers seeking a straightforward two-family configuration with on-site parking and commuter access, this duplex presents a practical rental housing option in Briarwood.
Key Highlights
- Legal two‑family duplex with a three‑floor layout
- Tenant occupied
- Two‑car private driveway with attached garage
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 | $123.8k | $46.20 |
| − Vacancy | −$4.7k | −$1.76 |
| EGI | $119.1k | $44.44 |
| − OpEx | −$53.6k | −$20.00 |
| NOI | $65.5k | $24.44 |
2,680 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 5.46%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex set up across three floors and currently tenant occupied.
Where is this duplex located?
The property is located at 80-36 138th Street Briarwood, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Legal two‑family duplex with a three‑floor layout; Tenant occupied; Two‑car private driveway with attached garage
