Duplex with
For Sale
$1,399,900
Pending
8442 88th Street, Woodhaven, NY 11421
Corner duplex with two apartments, finished lower-level space, and separate heating and hot water systems.
Property Size2,737 SF
Lot Size0.09 Acres
Days on Market48
Property Features for 8442 88th Street
General Information
Standard status
Pending
Size
2,737 SF
Lot size
0.09 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,478
Building Details
Building Size
2,737 SF
Year Built
1920
Buildings
1
Construction
Colonial
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Christopher L. Espinal · License #40ES1144459
(917) 945-5418
Source:
Serhant
Added: Sep 6
Changed: Oct 15
Last Checked: Oct 21 at 5:53AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains two separate apartments, each arranged with two bedrooms and one full bathroom. The first-floor residence includes an open-concept kitchen, hardwood flooring, and direct access to a finished basement. A finished attic adds further flexible space, while each apartment has its own boiler and hot water heater. Vinyl siding and a roof updated in 2010 complete the primary improvements.
The property occupies a 40 x 100 lot and includes a spacious backyard, two-car garage, and additional carport. South and east exposures bring natural light to the corner home. Public transportation and Forest Park are nearby, along with shopping, dining, and other neighborhood amenities.
The property occupies a 40 x 100 lot and includes a spacious backyard, two-car garage, and additional carport. South and east exposures bring natural light to the corner home. Public transportation and Forest Park are nearby, along with shopping, dining, and other neighborhood amenities.
Key Highlights
- Two separate apartments, each with 2 bedrooms and 1 full bathroom
- 40 x 100 lot with spacious backyard
- Finished basement with direct access from the first‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,222
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,440
$1.3M
Cap Rate 7%
$960,314
$960.3K
Cap Rate 9%
$746,911
$746.9K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$127.1K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.2K $44.44/SF
− OpEx
−$55.0K −$20.00/SF
NOI
$67.2K $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%
$1,344,440
Cap Rate 7%
$960,314
Cap Rate 9%
$746,911
Alternative Uses
Best Use
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 4.80%
Second Best
Multifamily LT 5
$650.2K
$569.0K – $758.6K
NOI $45,517 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,913 @ 7.0% cap · market cap 10.14%
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
1,971
Businesses Nearby
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Business Placement
Demographics for 11421, NY
42,586
Population
12,776
Households
3.3
Avg Household Size
38
Median Age
26%
College-Educated
79%
High-School Grad
1.3 sq mi
ZIP Area
32,758
Density / Sq Mi
$89,439
Median Household Income
$40,934
Median Earnings
$1,901
Median Rent
$682,800
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 - Corner duplex with two apartments, finished lower-level space, and separate heating and hot water systems.
Where is this duplex located?
The property is located at 8442 88th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Two separate apartments, each with 2 bedrooms and 1 full bathroom; 40 x 100 lot with spacious backyard; Finished basement with direct access from the first‑floor apartment
