Seven-Bedroom Brick
New
For Sale
$1,130,000
88-16 85th Street, Woodhaven, NY 11421
Two dwellings share a finished basement and a garage, with transit, a park, banking, and retail nearby.
Property Size2,292 SF
Price / SF$493.02
Days on Market4
Property Features for 88-16 85th Street
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,982
Building Details
Building Size
2,292 SF
Year Built
1920
Units
2
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Lisa Li
(646) 288-7250
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Winzone Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Woodhaven duplex is a brick residence configured as two dwellings, with seven bedrooms and four bathrooms. The property includes a finished basement and a car garage. Built in 1920, the building contains 2,292 square feet.
The property is near the 7 train and the Z train, as well as a park, bank, and store.
The property is near the 7 train and the Z train, as well as a park, bank, and store.
Key Highlights
- Two‑dwelling brick property with 7 bedrooms and 4 bathrooms
- 2,292‑square‑foot building, constructed in 1920
- Finished basement and car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,027
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,540
$1.1M
Cap Rate 7%
$800,386
$800.4K
Cap Rate 9%
$622,522
$622.5K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$105.9K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.9K $44.44/SF
− OpEx
−$45.8K −$20.00/SF
NOI
$56.0K $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%
$1,120,540
Cap Rate 7%
$800,386
Cap Rate 9%
$622,522
Alternative Uses
Best Use
Apartment 5plus
$800.4K
$700.3K – $933.8K
NOI $56,027 @ 7.0% cap · market cap 4.96%
Second Best
Multifamily LT 5
$541.9K
$474.2K – $632.3K
NOI $37,936 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,278 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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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
1,948
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two dwellings share a finished basement and a garage, with transit, a park, banking, and retail nearby.
Where is this duplex located?
The property is located at 88-16 85th Street Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Two‑dwelling brick property with 7 bedrooms and 4 bathrooms; 2,292‑square‑foot building, constructed in 1920; Finished basement and car garage
