Two-Unit
New
For Sale
$1,180,000
Pending
8729 86th Street, Woodhaven, NY 11421
Two three-bedroom apartments provide separate residential units in a Woodhaven property.
Property Size2,000 SF
Days on Market1
Property Features for 8729 86th Street
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,890
Amenities
Finished
2
Yes
6
First Floor Bedroom
Public
No
On Street
2000
Building Details
Building Size
2,000 SF
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:22PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex contains two apartments, each with three bedrooms and one bathroom. The building dates to 1910, and both units are described as finished. One apartment is on the first floor, which also includes a bedroom.
Public transportation, parks, and shopping are nearby. The property is located on 86th Street in Woodhaven, New York.
Public transportation, parks, and shopping are nearby. The property is located on 86th Street in Woodhaven, New York.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 2,000 square feet in a building constructed in 1910
- Located near public transportation, parks, and shopping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 4.14%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,493
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments provide separate residential units in a Woodhaven property.
Where is this duplex located?
The property is located at 8729 86th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 2,000 square feet in a building constructed in 1910; Located near public transportation, parks, and shopping
