Renovated Detached
For Sale
$1,300,000
8402 Smedley Street, Briarwood, NY 11435
Residential Income, Briarwood, NY
Property Size1,854 SF
Lot Size0.04 Acres
Price / SF$701.19
Days on Market47
Property Features for 8402 Smedley Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 1
Parking features
Garage
Basement
Full
Elementary school
Ps 117 J Keld/Briarwood School
Middle school
Jhs 217 Robert A Van Wyck
High school
Hillcrest High School
Elementary school district
Queens 28
Middle school district
Queens 28
High school district
Queens 28
Standard status
Active
APN
09737-0132
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8536
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Brick
Buildings
1
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Ronald Ferrara
(347) 450-0153
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 27 at 5:06AM
MLS# 1049423
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached brick duplex at 84-02 Smedley Street was built in 1930 and has been fully renovated with updated kitchens, bathrooms, and contemporary interior finishes. The approximately 1,854-square-foot layout includes two bedrooms over two bedrooms, along with a full finished attic and a full finished basement with its own exterior entrance. A detached garage adds on-site parking and storage utility.
The property occupies an approximately 1,800-square-foot lot in an R3A residential zoning district. Public water and public sewer serve the site, with water available. The Briarwood location is near public transportation, shopping, major roadways, and the Briarwood F train, offering convenient access to neighborhood services and transit connections.
The property occupies an approximately 1,800-square-foot lot in an R3A residential zoning district. Public water and public sewer serve the site, with water available. The Briarwood location is near public transportation, shopping, major roadways, and the Briarwood F train, offering convenient access to neighborhood services and transit connections.
Key Highlights
- Fully renovated detached two‑family residence with updated kitchens and bathrooms
- Approximately 1,854 sq. ft. on an approximately 1,800 sq. ft. lot
- Two‑bedroom‑over‑two‑bedroom configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,320
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,400
$906.4K
Cap Rate 7%
$647,429
$647.4K
Cap Rate 9%
$503,556
$503.6K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$85.7K $46.20/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$82.4K $44.44/SF
− OpEx
−$37.1K −$20.00/SF
NOI
$45.3K $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%
$906,400
Cap Rate 7%
$647,429
Cap Rate 9%
$503,556
Alternative Uses
Best Use
Apartment 5plus
$647.4K
$566.5K – $755.3K
NOI $45,320 @ 7.0% cap · market cap 3.49%
Second Best
Multifamily LT 5
$438.4K
$383.6K – $511.5K
NOI $30,687 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,675 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,637
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
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 - Fully renovated duplex with finished attic and basement space, detached garage, and R3A residential zoning.
Where is this duplex located?
The property is located at 8402 Smedley Street Briarwood, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully renovated detached two‑family residence with updated kitchens and bathrooms; Approximately 1,854 sq. ft. on an approximately 1,800 sq. ft. lot; Two‑bedroom‑over‑two‑bedroom configuration
