Duplex with Finished
For Sale
$1,399,900
Pending
8442 88th Street, Woodhaven, NY 11421
Residential Income, Woodhaven, NY
Property Size2,750 SF
Lot Size0.09 Acres
Days on Market61
Property Features for 8442 88th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4
Parking
2
Parking features
Garage
Window features
Double Pane Windows
Patio and Porch features
Patio
Interior features
First Floor Bedroom, First Floor Full Bath, Crown Molding, Eat-in Kitchen, Granite Counters, High Ceilings, Natural Woodwork, Open Floorplan, Open Kitchen, Primary Bathroom, Washer/Dryer Hookup
Basement
Finished, Full, Walk-Out Access
Lot features
Corner Lot
View
City
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Directions
Park Lane south to 88th Street towards Jamaica Avenue
Standard status
Pending
APN
08866-0027
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9478
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Vinyl Siding
Architectural style
Colonial
Buildings
1
Listing Agency:
Douglas Elliman Real Estate
(718) 631-8900
Listed By:
Christopher L. Espinal · License #40ES1144459
(917) 945-5418
Added: Sep 1
Changed: Oct 23
Last Checked: Oct 31 at 1:06PM
MLS# 1045867
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.
Built in 1920, this Colonial-style duplex contains approximately 2,750 square feet of interior space on a 40-by-100-foot corner lot. Its two apartments each have two bedrooms and one bathroom. The first-floor unit includes an open kitchen, hardwood floors, and access to a finished basement. A finished attic provides additional flexible space. Each apartment has its own boiler and hot water heater. Exterior features include vinyl siding, a backyard, a two-car garage, and a carport; the roof was updated in 2010.
The property is near public transportation and Forest Park, with shopping, dining, and neighborhood amenities also nearby. Public water and sewer serve the property.
The property is near public transportation and Forest Park, with shopping, dining, and neighborhood amenities also nearby. Public water and sewer serve the property.
Key Highlights
- Two apartments, each with two bedrooms and one bathroom
- Approximately 2,750 square feet on a 40 x 100‑foot corner lot
- First‑floor apartment has hardwood floors, an open kitchen, and finished‑basement access
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments are complemented by a finished attic, a two-car garage, and a carport.
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 apartments, each with two bedrooms and one bathroom; Approximately 2,750 square feet on a 40 x 100‑foot corner lot; First‑floor apartment has hardwood floors, an open kitchen, and finished‑basement access
