Kew Gardens Modern
For Sale
$850,000
8439 130 Street Kew, Kew Gardens, NY 11415
Move-in ready triplex in Kew Gardens with modern amenities.
Property Size1,992 SF
Days on Market375
Property Features for 8439 130 Street Kew
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Single Family Detached
Amenities
Central Air
Forced Air
Convection Oven
Dishwasher
Gas Cooktop
Gas Oven
Gas Range
Refrigerator
Stainless Steel Appliance(s)
Washer
Electricity Connected
Building Details
Building Size
1,992 SF
Year Built
1994
Listed By:
Lian Joyce Sun · License #Lic
(917) 306-5735
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 22
Last Checked: Sep 3 at 4:55AM
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 Lian Joyce Sun
Investment Insights
Based on property information with market context.
This well-maintained, 30-year-old triplex is located in the heart of Kew Gardens, providing easy access to major highways, subways, buses, stores, restaurants, banks, and parks along Hillside Avenue and Queens Blvd. The first floor features a spacious living room, a half bath, a dining area, and a custom-made maple kitchen with Brazilian countertops and stainless steel appliances. Double French sliding doors lead to a roofed backyard suitable for gatherings and entertaining. The second floor includes two large bedrooms with a full bathroom featuring Italian tiles. The third floor offers a master suite with his and her closets, a full bath, and a home office. The house has central air conditioning and heating. The driveway can accommodate up to three cars and includes an electric charging station.
Key Highlights
- Triplex in central Kew Gardens location with easy access to transportation, shopping, and dining.
- Move‑in ready with modern updates including a custom maple kitchen with Brazilian countertops and stainless steel appliances.
- Master suite on the third floor with his and her closets, full bath, and home office.**
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
$48,693
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
5.73%
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%
$973,860
$973.9K
Cap Rate 7%
$695,614
$695.6K
Cap Rate 9%
$541,033
$541.0K
Market Conditions
NOI Build-Up for 1,992 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
$92.0K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.5K $44.44/SF
− OpEx
−$39.8K −$20.00/SF
NOI
$48.7K $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%
$973,860
Cap Rate 7%
$695,614
Cap Rate 9%
$541,033
Alternative Uses
Best Use
Apartment 5plus
$695.6K
$608.7K – $811.6K
NOI $48,693 @ 7.0% cap · market cap 5.73%
Second Best
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,971 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,797 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,965
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Move-in ready triplex in Kew Gardens with modern amenities.
Where is this triplex located?
The property is located at 8439 130 Street Kew Kew Gardens, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Triplex in central Kew Gardens location with easy access to transportation, shopping, and dining.; Move‑in ready with **modern updates including a custom maple kitchen with Brazilian countertops and stainless steel appliances.**; Master suite on the third floor with his and her closets, full bath, and home office.**
