Duplex with Private Outdoor
New
For Sale
$1,225,000
Pending
81-02 149th Avenue, Howard Beach, NY 11414
Both residences offer three bedrooms and two bathrooms, with a finished basement adding further usable space.
Property Size2,392 SF
Days on Market4
Property Features for 81-02 149th Avenue
General Information
Standard status
Pending
Size
2,392 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,855
Amenities
gated backyard
back deck
balcony
finished basement
washer and dryer
Common,Finished,Full,See Remarks,Walk-Out Access
Combination
4
No
Yes
6
Ceiling Fan(s),High Ceilings,Primary Bathroom
Common, Finished, Full, See Remarks, Walk-Out Access
Back Yard
Public
5
Driveway
2392
Building Details
Building Size
2,392 SF
Year Built
1960
Buildings
1
Listing Agency:
RE/MAX Elite
(516) 703-2918
Listed By:
Alex Switalski
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
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 RE/MAX Elite
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Investment Insights
Based on property information with market context.
This 2,392-square-foot duplex, built in 1960, contains two matching residences, each with three bedrooms and two bathrooms. A deck serves the first-floor unit, while the upper residence opens to a balcony. The finished, full walk-out basement includes a bathroom, kitchenette, and laundry area, with additional washer and dryer hookups. The backyard is gated, and driveway parking is available.
The property is in Lindenwood, Howard Beach, and occupies a corner location.
The property is in Lindenwood, Howard Beach, and occupies a corner location.
Key Highlights
- 2,392‑square‑foot duplex built in 1960
- Two matching residences, each with 3 bedrooms and 2 bathrooms
- Finished full walk‑out basement with bathroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,471
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,169,420
$1.2M
Cap Rate 7%
$835,300
$835.3K
Cap Rate 9%
$649,678
$649.7K
Market Conditions
NOI Build-Up for 2,392 SF
Gross rent
$110.5K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.3K $44.44/SF
− OpEx
−$47.8K −$20.00/SF
NOI
$58.5K $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%
$1,169,420
Cap Rate 7%
$835,300
Cap Rate 9%
$649,678
Alternative Uses
Best Use
Apartment 5plus
$835.3K
$730.9K – $974.5K
NOI $58,471 @ 7.0% cap · market cap 4.77%
Second Best
Multifamily LT 5
$565.6K
$494.9K – $659.9K
NOI $39,591 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,439 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
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 - Both residences offer three bedrooms and two bathrooms, with a finished basement adding further usable space.
Where is this duplex located?
The property is located at 81-02 149th Avenue Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: 2,392‑square‑foot duplex built in 1960; Two matching residences, each with 3 bedrooms and 2 bathrooms; Finished full walk‑out basement with bathroom and kitchenette
