Two-Family Hi-Ranch
For Sale
$1,495,000
80-49 89th Avenue, Woodhaven, NY 11421
Two-level duplex with a renovated main floor, separate entrances, and a detached garage on a fenced residential lot.
Property Size2,600 SF
Price / SF$575
Days on Market150
Property Features for 80-49 89th Avenue
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
Security System
Ductless
Natural Gas
Electricity Connected, Natural Gas Connected
Building Details
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Keller Williams Landmark II
Listed By:
Shameer Fazal · License #10491207122
(917) 836-3283
Source:
Kw
Added: May 20
Changed: Oct 15
Last Checked: Oct 14 at 9:42PM
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 Keller Williams Landmark II
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Investment Insights
Based on property information with market context.
This Woodhaven duplex offers 2,600 square feet of living space across two levels, with 6 bedrooms and 3.5 bathrooms. The renovated first floor includes a living room, formal dining room, custom kitchen cabinetry, granite countertops, stainless steel appliances, a primary suite, two additional bedrooms, and two full bathrooms, including one with a Jacuzzi tub. The 1,300-square-foot second floor has living and dining areas, three bedrooms, 1.5 bathrooms, and a kitchen equipped with a refrigerator, stove, and dishwasher.
A 1,300-square-foot high-ceiling basement provides two separate entrances. Exterior features include a fully fenced yard, backyard pavers, a new front fence, a long cemented driveway, and a detached 2-car garage. First-floor upgrades include ductless split AC systems, an updated electric panel, new cast-iron radiators, new front windows, security doors, and window treatments. The property is near Jamaica Ave shops, the A and J trains, local buses, and the Jackie Robinson Parkway.
A 1,300-square-foot high-ceiling basement provides two separate entrances. Exterior features include a fully fenced yard, backyard pavers, a new front fence, a long cemented driveway, and a detached 2-car garage. First-floor upgrades include ductless split AC systems, an updated electric panel, new cast-iron radiators, new front windows, security doors, and window treatments. The property is near Jamaica Ave shops, the A and J trains, local buses, and the Jackie Robinson Parkway.
Key Highlights
- 2,600 Sq. Ft. duplex with 6 bedrooms and 3.5 bathrooms
- 1,300 Sq. Ft. second‑floor layout with 3 bedrooms and 1.5 baths
- 1,300 Sq. Ft. high‑ceiling basement with two separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,555
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,100
$1.3M
Cap Rate 7%
$907,929
$907.9K
Cap Rate 9%
$706,167
$706.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$120.1K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$115.6K $44.44/SF
− OpEx
−$52.0K −$20.00/SF
NOI
$63.6K $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%
$1,271,100
Cap Rate 7%
$907,929
Cap Rate 9%
$706,167
Alternative Uses
Best Use
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$614.8K
$537.9K – $717.2K
NOI $43,034 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,172 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,601
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with a renovated main floor, separate entrances, and a detached garage on a fenced residential lot.
Where is this duplex located?
The property is located at 80-49 89th Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 2,600 Sq. Ft. duplex with 6 bedrooms and 3.5 bathrooms; 1,300 Sq. Ft. second‑floor layout with 3 bedrooms and 1.5 baths; 1,300 Sq. Ft. high‑ceiling basement with two separate entrances
