Colonial Residential Income
8704 143rd Street, Briarwood, NY 11435
For Sale
New
$1,299,999
A finished basement, eat-in kitchen, and downstairs master bedroom are among the home’s interior features.
Property Size2,420 SF
Days on Market6
Property Features for 8704 143rd Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Finished, Full
Chandelier, Eat-in Kitchen, Master Downstairs, Storage
Fenced
Driveway
Colonial
Building Details
Building Size
Year Built
Listing Agency:
Laffey Real Estate
Listed By:
Sanjit K. Ghosh
(347) 570-7426
Source:
Evrealestate
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 6:21AM
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 Laffey Real Estate
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Investment Insights
Based on property information with market context.
Built in 1925, this Colonial-style residential income property has a fenced exterior and a driveway. Interior features include an eat-in kitchen, a master bedroom on the main level, storage, and a chandelier. The full basement is finished, and natural gas is listed as an interior feature.
The property is at 8704 143rd Street in Briarwood, Queens.
The property is at 8704 143rd Street in Briarwood, Queens.
Key Highlights
- Built in 1925
- Finished full basement
- Fenced exterior with driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,155
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,100
$1.2M
Cap Rate 7%
$845,071
$845.1K
Cap Rate 9%
$657,278
$657.3K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$111.8K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$107.6K $44.44/SF
− OpEx
−$48.4K −$20.00/SF
NOI
$59.2K $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%
$1,183,100
Cap Rate 7%
$845,071
Cap Rate 9%
$657,278
Alternative Uses
Best Use
Apartment 5plus
$845.1K
$739.4K – $985.9K
NOI $59,155 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,884 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,910
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Queens County, NY
Properties on Market for Residential income properties in Queens County
Frequently Asked Questions
What type of property is this?
Residential income property - A finished basement, eat-in kitchen, and downstairs master bedroom are among the home’s interior features.
Where is this residential income property located?
The property is located at 8704 143rd Street Briarwood, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Built in 1925; Finished full basement; Fenced exterior with driveway
