Renovated Two-Family
New
For Sale
$1,268,000
Pending
8605 91st Avenue, Woodhaven, NY 11421
Separate residences offer distinct bedroom and bathroom configurations, with a finished basement adding interior space.
Property Size2,460 SF
Days on Market7
Property Features for 8605 91st Avenue
General Information
Standard status
Pending
Size
2,460 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,790
Amenities
fully finished basement
First Floor Bedroom
Eat-in Kitchen
Building Details
Building Size
2,460 SF
Year Built
1910
Buildings
1
Units
2
Listing Agency:
Century Homes Realty Group LLC
Listed By:
Xuemei Li · License #10401209339
(347) 783-4017
Source:
Georgemcknight
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 4:03AM
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 Century Homes Realty Group LLC
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Investment Insights
Based on property information with market context.
This Woodhaven duplex contains two renovated residences. The first-floor unit has two bedrooms and two full bathrooms; the upper-floor unit has four bedrooms and two full bathrooms. Updated finishes and new stainless steel appliances are included in both units. A finished basement provides additional interior space. The property was built in 1910.
Shopping, supermarkets, restaurants, and neighborhood amenities are nearby. Public transportation options include J and Z subway service and Q11, Q52-SBS, Q53-SBS, Q56, and Q24 bus routes, with connections across Queens and to Manhattan.
Shopping, supermarkets, restaurants, and neighborhood amenities are nearby. Public transportation options include J and Z subway service and Q11, Q52-SBS, Q53-SBS, Q56, and Q24 bus routes, with connections across Queens and to Manhattan.
Key Highlights
- Two separate residences: a 2‑bedroom, 2‑bath first‑floor unit and a 4‑bedroom, 2‑bath upper‑floor unit
- Both units have been renovated with updated finishes and new stainless steel appliances
- Finished basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,133
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,660
$1.2M
Cap Rate 7%
$859,043
$859.0K
Cap Rate 9%
$668,144
$668.1K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$113.7K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$109.3K $44.44/SF
− OpEx
−$49.2K −$20.00/SF
NOI
$60.1K $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%
$1,202,660
Cap Rate 7%
$859,043
Cap Rate 9%
$668,144
Alternative Uses
Best Use
Apartment 5plus
$859.0K
$751.7K – $1.00M
NOI $60,133 @ 7.0% cap · market cap 4.74%
Second Best
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,948 @ 7.0% cap · market cap 10.01%
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
2,959
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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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 - Separate residences offer distinct bedroom and bathroom configurations, with a finished basement adding interior space.
Where is this duplex located?
The property is located at 8605 91st Avenue Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,268,000.
What are key features of this property?
This property features: Two separate residences: a 2‑bedroom, 2‑bath first‑floor unit and a 4‑bedroom, 2‑bath upper‑floor unit; Both units have been renovated with updated finishes and new stainless steel appliances; Finished basement provides additional interior space
