Renovated Duplex With Finished
For Sale
$1,090,000
8944 Woodhaven Blvd, Woodhaven, NY 11421
Two distinct living areas, independent heating systems, and a finished lower-level entertainment room support flexible occupancy.
Property Size2,000 SF
Price / SF$545
Days on Market61
Property Features for 8944 Woodhaven Blvd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1920
Year Renovated
2018
Buildings
1
Construction
townhouse
Listing Agency:
Davis Realty and Auction
(256) 442-9995
Listed By:
Christopher Davis · License #112829
(256) 390-7773
Source:
Davisrealtyandauction
Added: Sep 1
Changed: Oct 31
Last Checked: Oct 31 at 3:40AM
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 Davis Realty and Auction
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Investment Insights
Based on property information with market context.
This duplex offers two separate living areas, each with three bedrooms, a living room, one full bathroom, and one half bathroom. The bright kitchen and dining area, hardwood flooring, and fully finished basement provide additional usable space; the basement has entrances at both the front and rear. Building dimensions are 19 by 56 feet, and the property size is listed as 2,000 square feet.
A full renovation in 2018 included electrical, plumbing, and building systems. The property has two separate hot water tanks and independent heating systems. A bus stop is directly outside, and Woodhaven Metro station is a short walk away. The building dates to 1920.
A full renovation in 2018 included electrical, plumbing, and building systems. The property has two separate hot water tanks and independent heating systems. A bus stop is directly outside, and Woodhaven Metro station is a short walk away. The building dates to 1920.
Key Highlights
- Two living areas, each with 3 bedrooms, a living room, 1 full bath, and 1 half bath
- Property size listed as 2,000 square feet; building dimensions are 19'x56'
- Full renovation completed in 2018, including electrical, plumbing, and systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
4.49%
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 4.49%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,036
Businesses Nearby
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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 distinct living areas, independent heating systems, and a finished lower-level entertainment room support flexible occupancy.
Where is this duplex located?
The property is located at 8944 Woodhaven Blvd Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Two living areas, each with 3 bedrooms, a living room, 1 full bath, and 1 half bath; Property size listed as 2,000 square feet; building dimensions are 19'x56'; Full renovation completed in 2018, including electrical, plumbing, and systems
