Two-Family Colonial
New
For Sale
$1,288,888
Pending
85-83 88th Street, Woodhaven, NY 11421
Finished attic and basement space add flexibility across this detached residential property.
Property Size2,578 SF
Lot Size0.09 Acres
Days on Market4
Property Features for 85-83 88th Street
General Information
Standard status
Pending
Size
2,578 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,478
Amenities
wrap around porch
backyard patio
laundry
Finished,Walk-Out Access
Hardwood,Tile
2
No
Yes
6
Storage
Finished, Walk-Out Access
Back Yard,Wood
Public
4
Driveway
Awning(s)
Other
2578
Building Details
Building Size
2,578 SF
Year Built
1910
Buildings
1
Construction
Colonial
Listing Agency:
BH&G R E Realty Connect
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 BH&G R E Realty Connect
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Investment Insights
Based on property information with market context.
This detached colonial duplex offers 2,578 square feet, with 6+ bedrooms and 2 full baths. Hardwood floors and original woodwork complement the interior, while both the attic and basement are finished. The basement includes laundry, recreation space, utilities, storage, and an outside entrance. A wraparound porch and backyard patio extend the property outdoors, and the driveway accommodates four cars.
The 40' x 101' lot includes a landscaped backyard. Shops, restaurants, and transportation are close by.
The 40' x 101' lot includes a landscaped backyard. Shops, restaurants, and transportation are close by.
Key Highlights
- Detached two‑family colonial with 2,578 square feet
- 6+ bedrooms and 2 full baths
- 40' x 101' lot with landscaped backyard and patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,018
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,260,360
$1.3M
Cap Rate 7%
$900,257
$900.3K
Cap Rate 9%
$700,200
$700.2K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$119.1K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$114.6K $44.44/SF
− OpEx
−$51.6K −$20.00/SF
NOI
$63.0K $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%
$1,260,360
Cap Rate 7%
$900,257
Cap Rate 9%
$700,200
Alternative Uses
Best Use
Apartment 5plus
$900.3K
$787.7K – $1.05M
NOI $63,018 @ 7.0% cap · market cap 4.89%
Second Best
Multifamily LT 5
$609.6K
$533.4K – $711.2K
NOI $42,670 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,037 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Finished attic and basement space add flexibility across this detached residential property.
Where is this duplex located?
The property is located at 85-83 88th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Detached two‑family colonial with 2,578 square feet; 6+ bedrooms and 2 full baths; 40' x 101' lot with landscaped backyard and patio
