Brick Duplex with Finished
New
For Sale
$1,580,000
Pending
84-34 120 Street, Kew Gardens, NY 11415
Two separately configured residences offer private laundry, distinct living areas, and a four-car driveway.
Property Size3,512 SF
Days on Market1
Property Features for 84-34 120 Street
General Information
Standard status
Pending
Size
3,512 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
3BR/2BA, 2BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,838
Amenities
beautiful backyard
in-unit washer/dryer
Finished,Full
Hardwood
Yes
Other
Finished, Full
Public
4
No
Driveway
3512
Building Details
Building Size
3,512 SF
Year Built
2009
Buildings
1
Construction
brick
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This 3,512-square-foot brick duplex contains two legal residences, each with a living and dining area, kitchen, two full bathrooms, and laundry. The first-floor unit has three bedrooms and washer/dryer connections. Upstairs, the original three-bedroom plan has been reconfigured into two oversized bedrooms, with an in-unit washer and dryer. A finished basement includes a utility room and two separate entrances; its gas and electric service connect to the second-floor meters.
The property has three electrical meters and two gas meters. Tenants pay their own utilities, while water is paid by the landlord. Both units are scheduled to be vacant at closing. A four-car driveway and backyard complete the property at 84-34 120 Street in Kew Gardens.
The property has three electrical meters and two gas meters. Tenants pay their own utilities, while water is paid by the landlord. Both units are scheduled to be vacant at closing. A four-car driveway and backyard complete the property at 84-34 120 Street in Kew Gardens.
Key Highlights
- Legal two‑family brick residence with 3,512 square feet
- First‑floor unit has 3 bedrooms and 2 full bathrooms
- Upper unit has 2 oversized bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,849
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,716,980
$1.7M
Cap Rate 7%
$1,226,414
$1.2M
Cap Rate 9%
$953,878
$953.9K
Market Conditions
NOI Build-Up for 3,512 SF
Gross rent
$162.3K $46.20/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$156.1K $44.44/SF
− OpEx
−$70.2K −$20.00/SF
NOI
$85.8K $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%
$1,716,980
Cap Rate 7%
$1,226,414
Cap Rate 9%
$953,878
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,849 @ 7.0% cap · market cap 5.43%
Second Best
Multifamily LT 5
$830.4K
$726.6K – $968.8K
NOI $58,129 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,236 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,897
Businesses Nearby
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Business Placement
Demographics for 11415, NY
20,241
Population
9,794
Households
2.1
Avg Household Size
41
Median Age
53%
College-Educated
89%
High-School Grad
0.6 sq mi
ZIP Area
33,735
Density / Sq Mi
$88,632
Median Household Income
$60,950
Median Earnings
$1,909
Median Rent
$367,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer private laundry, distinct living areas, and a four-car driveway.
Where is this duplex located?
The property is located at 84-34 120 Street Kew Gardens, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Legal two‑family brick residence with 3,512 square feet; First‑floor unit has 3 bedrooms and 2 full bathrooms; Upper unit has 2 oversized bedrooms and 2 full bathrooms
