2-Family Duplex with Detached
89-01 Moline Street, Queens Village, NY 11428
For Sale
$975,000
Separate electric and gas meters serve each residence, alongside a private driveway and fenced backyard.
Property Size2,806 SF
Lot Size0.06 Acres
Price / SF$347.47
Days on Market17
Property Features for 89-01 Moline Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
brand-new roof
fenced backyard
finished basement
separate entrance
skylit rooms
Ceiling Fan(s)
Eat-in Kitchen
First Floor Bedroom
Mailbox
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
S H V Real Estate Corp
Listed By:
Reema Sharma · License #31SH1064229
(347) 452-2174
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 4:16PM
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 S H V Real Estate Corp
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Investment Insights
Based on property information with market context.
This legal two-family duplex in Queens Village contains 2,806 square feet on a 28-by-100-foot lot. The first-floor residence has an eat-in kitchen, living room, full bathroom and two bedrooms. The second-floor unit includes an eat-in kitchen, living room, one bedroom and a full bathroom, with two additional rooms and storage on the finished third floor. A finished basement has a separate entrance, full bathroom and substantial storage. Hardwood floors run throughout, and the property has a new roof, separate electric and gas meters, and separate hot water heaters. Outdoor features include a fenced backyard, private driveway and detached one-car garage.
The property is described as having access to the LIRR, NYC buses connecting to the E and F subway lines, and highways. Travel to Manhattan by LIRR is stated at 35 minutes; JFK and LGA airports are each stated as 15 minutes away.
The property is described as having access to the LIRR, NYC buses connecting to the E and F subway lines, and highways. Travel to Manhattan by LIRR is stated at 35 minutes; JFK and LGA airports are each stated as 15 minutes away.
Key Highlights
- Legal two‑family property with separate electric and gas meters and individual hot water heaters
- 2,806 square feet on a 28‑by‑100‑foot lot
- First‑floor unit has two bedrooms; second‑floor unit has one bedroom and two additional third‑floor rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,591
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,820
$1.4M
Cap Rate 7%
$979,871
$979.9K
Cap Rate 9%
$762,122
$762.1K
Market Conditions
NOI Build-Up for 2,806 SF
Gross rent
$129.6K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.7K $44.44/SF
− OpEx
−$56.1K −$20.00/SF
NOI
$68.6K $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%
$1,371,820
Cap Rate 7%
$979,871
Cap Rate 9%
$762,122
Alternative Uses
Best Use
Apartment 5plus
$979.9K
$857.4K – $1.14M
NOI $68,591 @ 7.0% cap · market cap 7.03%
Second Best
Multifamily LT 5
$663.5K
$580.6K – $774.1K
NOI $46,444 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,803 @ 7.0% cap · market cap 14.85%
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
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 11428, NY
19,516
Population
6,335
Households
3.1
Avg Household Size
42
Median Age
28%
College-Educated
81%
High-School Grad
0.8 sq mi
ZIP Area
24,395
Density / Sq Mi
$84,977
Median Household Income
$42,146
Median Earnings
$1,827
Median Rent
$666,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Queens Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and gas meters serve each residence, alongside a private driveway and fenced backyard.
Where is this duplex located?
The property is located at 89-01 Moline Street Queens Village, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal two‑family property with separate electric and gas meters and individual hot water heaters; 2,806 square feet on a 28‑by‑100‑foot lot; First‑floor unit has two bedrooms; second‑floor unit has one bedroom and two additional third‑floor rooms
