Semi-Detached
For Sale
$1,430,000
Pending
8296 Country Pointe Circle, Queens Village, NY 11427
Legal two-family home with a separate-entry basement, private driveway, and attached garage.
Property Size2,000 SF
Days on Market151
Property Features for 8296 Country Pointe Circle
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Duplex
Additional Details
HOA Fee
$380
Taxes and HOA fees
Annual Taxes
$10,266
Building Details
Building Size
2,000 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
E Realty International Corp
Listed By:
Xiao H. Chen · License #10401299357
(917) 225-1560
Source:
Luxuryhomeny
Added: May 8
Changed: Oct 1
Last Checked: Oct 4 at 4:09PM
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.
Built in 2002, this 2,000-square-foot semi-detached duplex is configured as a legal two-family residence. The property includes a basement with its own entrance, an attached garage, and a private driveway for on-site parking. These features provide a defined residential layout with additional access and storage space.
The home is situated within a gated community with 24-hour security patrols. Transit access includes the Q27 bus, which provides service to Main Street and Flushing, while the property is approximately a 20-minute drive from central Flushing. Parks and schools are also located in the surrounding area.
The home is situated within a gated community with 24-hour security patrols. Transit access includes the Q27 bus, which provides service to Main Street and Flushing, while the property is approximately a 20-minute drive from central Flushing. Parks and schools are also located in the surrounding area.
Key Highlights
- Legal two‑family duplex configuration
- 2,000 square feet; built in 2002
- Semi‑detached home with basement and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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 Rate 5%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.42%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 11427, NY
24,555
Population
8,435
Households
2.9
Avg Household Size
44
Median Age
36%
College-Educated
84%
High-School Grad
1.6 sq mi
ZIP Area
15,347
Density / Sq Mi
$92,129
Median Household Income
$48,439
Median Earnings
$1,697
Median Rent
$690,200
Median Home Value
Check the figures for this property
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 - Legal two-family home with a separate-entry basement, private driveway, and attached garage.
Where is this duplex located?
The property is located at 8296 Country Pointe Circle Queens Village, NY.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: Legal two‑family duplex configuration; 2,000 square feet; built in 2002; Semi‑detached home with basement and separate entrance
