Renovated Brick
For Sale
$1,290,000
8065 89th Avenue, Woodhaven, NY 11421
Detached two-family property with a double garage, separate basement entrance, and convenient subway access.
Property Size1,797 SF
Lot Size0.07 Acres
Days on Market50
Property Features for 8065 89th Avenue
General Information
Standard status
Active
Size
1,797 SF
Total Parking Spaces
2
Lot size
0.07 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,354
Amenities
balcony
Building Details
Building Size
1,797 SF
Year Built
1901
Buildings
1
Units
2
Construction
all-brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Nanfen Zhang
(516) 808-9705
Source:
Mydreamhomerealty
Added: Aug 1
Changed: Sep 19
Last Checked: Sep 18 at 3:16PM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This detached, all-brick duplex was built in 1901 and has undergone a full renovation. The first floor offers a kitchen, three bedrooms, two bathrooms, and a generously sized living room. The second floor includes two bedrooms, two bathrooms, and a large balcony. A separate-entry basement adds two bedrooms, a kitchen, and a full bathroom, creating additional living or household space within the property.
The home sits on a 30-by-100-foot lot, with a 20-by-50-foot building footprint and a 20-by-40-foot second floor. A separate double garage provides dedicated parking and storage. The property is located two blocks from the J/M subway station and is approximately a 30-minute drive from Manhattan.
The home sits on a 30-by-100-foot lot, with a 20-by-50-foot building footprint and a 20-by-40-foot second floor. A separate double garage provides dedicated parking and storage. The property is located two blocks from the J/M subway station and is approximately a 30-minute drive from Manhattan.
Key Highlights
- Detached, all‑brick duplex built in 1901
- 30x100 ft. lot with a 20x50 ft. house footprint
- First floor includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,540
$878.5K
Cap Rate 7%
$627,529
$627.5K
Cap Rate 9%
$488,078
$488.1K
Market Conditions
NOI Build-Up for 1,797 SF
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.
Gross rent
$83.0K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$79.9K $44.44/SF
− OpEx
−$35.9K −$20.00/SF
NOI
$43.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$878,540
Cap Rate 7%
$627,529
Cap Rate 9%
$488,078
Alternative Uses
Best Use
Apartment 5plus
$627.5K
$549.1K – $732.1K
NOI $43,927 @ 7.0% cap · market cap 3.41%
Second Best
Multifamily LT 5
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,734 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,831
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?
Duplex - Detached two-family property with a double garage, separate basement entrance, and convenient subway access.
Where is this duplex located?
The property is located at 8065 89th Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Detached, all‑brick duplex built in 1901; 30x100 ft. lot with a 20x50 ft. house footprint; First floor includes 3 bedrooms and 2 bathrooms
