Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Family Home with Finished Basement Title is generated by Realmo AI

    88-05 Winchester Boulevard, Queens Village, NY 11427

    View on Map
    Claim this Listing
    New
    For Sale
    $1,098,000

    MULTI_FAMILY - Other - Queens Village, NY

    Lot size:
    0.08 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 88-05 Winchester Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Basement, Bedroom 1, Bedroom 4, Dining Room, Bathroom 1, Bedroom 3, Bedroom 2
    Parking
    1
    Parking features
    On Street, Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, Formal Dining, Pantry
    Basement
    Finished, Full
    Standard status
    Active
    APN
    07967-0002
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8274

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas, Baseboard
    Water source
    Private

    Building Details

    Year built
    1950
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Rafael Ching

    Listing agent Rafael Ching License #10401231105

    Listing office Keller Williams Realty Greater 400 Garden City Plz Ste 438, Garden City, NY

    Listing date Jun 5, 2026

    MLS# 1009877 Listing URL

    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.

    HighLights

    • Two‑family home built in 1950 with brick construction and hardwood floors throughout
    • Two brand‑new boilers and separate hot water tanks for added comfort and efficiency
    • First floor features a spacious living room, formal dining room, 2 bedrooms, and a full bath, plus a kitchen with pantry
    • Second unit offers 2 large bedrooms, a full bath, and an expansive eat‑in kitchen
    • Finished basement with multiple rooms, laundry area, half bath, and a private side entrance
    • Deep backyard with driveway and on‑street parking; public sewer and private water available

    Overview

    This well-maintained two-family home offers flexible living and income potential with distinct layouts over two floors. Hardwood floors run throughout both units, and the property is supported by two brand-new boilers plus separate hot water tanks. The first floor features a spacious living room, formal dining room, two bedrooms, a full bath, and a kitchen that’s ready for your personal touch. The second unit includes two large bedrooms, a full bath, and an expansive eat-in kitchen for everyday use.

    A finished basement adds valuable additional space, with multiple rooms, a dedicated laundry area, a half bath, and a private side entrance for added practicality. Outside, there is a deep backyard that provides room for relaxing, entertaining, or gardening.

    Located at 88-05 Winchester Boulevard in Queens Village, the home is positioned for everyday convenience with access to shopping, dining, parks, schools, the LIRR, and major transportation routes. The combination of separate unit living, on-site bonus space in the basement, and updated heating systems makes this property well-suited for an owner-occupant looking for extra space or a buyer seeking a straightforward two-family setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens Village
    County
    Queens
    State
    New York
    Longitude
    -73.736257
    Latitude
    40.730405

    Nearby Similar for Sale

    • $1,199,999

      Fully Renovated Two-Family Home

      Renovated two-family residence with a finished basement, private driveway, and spacious yard for flexible income or owner-occupancy.
      146-25 177th street, Queens Village, NY 11434
      View Details
    • $1,359,999

      Renovated Two-Family Home in Queens

      Fully renovated two-family home with modern amenities and income potential.
      9411 210th Street, Queens Village, NY 11428
      View Details
    • $1,200,000

      Queens Village Two-Family House

      Two-family house in Queens Village with finished basement and attic.
      222-26 93rd Avenue, Queens Village, NY 11428
      View Details
    • $899,000

      Queens Village Two-Family Home

      Two-family home in Queens Village with income potential.
      104-61 219th Street, Queens Village, NY 11429
      View Details
    • $898,000

      Queens Village Two-Family Brick House

      Two-family brick house in prime location, possible commercial conversion.
      207-11 Hillside Avenue, Queens Village, NY 11427
      View Details
    • $1,650,000

      Queens Village Commercial Property For Sale

      Commercial property with two income-generating units in high-traffic location.
      233-16 Hillside Avenue, Queens Village, NY 11427
      View Details
    • $825,000

      Legal Two-Family Cape Cod Home

      Updated two-family Cape Cod with private entrances, a finished basement, and modern mechanicals for flexible living or income.
      225-20 108th Avenue, Queens Village, NY 11429
      View Details
    • $1,530,000

      Queens Village Two-Family Home

      Two-family home in gated community, excellent investment opportunity.
      8296 Country Pointe Circle, Queens Village, NY 11427
      View Details
    • $1,100,000
      2,451 SF

      Queens Village Mixed-Use Investment

      Fully occupied mixed-use property with storefront and residential units.
      90-56 210th St, Queens Village, NY 11428
      View Details
    • $799,000

      Two-Family Home, Strong Income Potential

      Two-family home in Queens Village with income potential.
      21626 99th Avenue, Queens Village, NY 11429
      View Details
    • $1,500,000

      Renovated Legal 4-Family House

      Mint condition, fully rented 4-family house in Queens Village.
      99-02 212 St, Queens Village, NY 11429
      View Details
    • $799,000

      Two-Family Home in Queens Village

      Well-maintained two-family home with private driveway and finished basement.
      111-42 207th Street, Queens Village, NY 11429
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family duplex with hardwood floors, updated mechanicals, and a finished basement with laundry and half bath.
    Where is this duplex located?
    The property is located at 88-05 Winchester Boulevard Queens Village, NY.
    What is the asking price?
    The asking price for this property is $1,098,000.
    What are key features of this property?
    This property features: Two‑family home built in 1950 with brick construction and hardwood floors throughout; Two brand‑new boilers and separate hot water tanks for added comfort and efficiency; First floor features a spacious living room, formal dining room, 2 bedrooms, and a full bath, plus a kitchen with pantry
    (917) 727-1207
    We can help!
    Listing Contact
    Rafael Ching
    Real Estate License ID: 10401231105
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    88-05 Winchester Boulevard, Queens Village, NY 11427
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!