Legal Two-Family Duplex with Detached
For Sale
$869,000
8952 218th Street, Queens Village, NY 11427
Two-family duplex with finished basement and detached two-car garage; built 1935.
Lot Size0.08 Acres
Days on Market31
Property Features for 8952 218th Street
General Information
Standard status
Active
Total Parking Spaces
2
Lot size
0.08 Acres
Property subtype
Duplex
Building Details
Building Size
1,214 SF
Year Built
1935
Buildings
2
Listing Agency:
Realty Executives Today
(718) 274-2400
Listed By:
Imran Khan · License #40KH0856428
Source:
Cottiemaxwellrealestate
Added: Jul 4
Changed: Jul 30
Last Checked: Aug 2 at 11:44AM
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 Realty Executives Today
Investment Insights
Based on property information with market context.
This legal two-family duplex comes with a Certificate of Occupancy from the Department of Buildings. Although it is currently being used as a one-family residence, the home is set up as a two-family property and offers flexibility for an owner-occupant or investor. The second floor features three spacious bedrooms and a full bathroom. The first floor includes a living room, an oversized formal dining room, an enclosed sunroom, an enclosed deck, and a large kitchen.
The full finished basement adds additional living space and includes a full bathroom and a gas boiler. The property sits on a 3,300 sq. ft. lot and features a detached two-car garage.
Built in 1935, the home needs updating and some TLC, with an opportunity to renovate, customize, and maximize its potential. Located in the heart of Queens Village, it is moments from Hillside Avenue and close to shopping, schools, restaurants, and public transportation.
The full finished basement adds additional living space and includes a full bathroom and a gas boiler. The property sits on a 3,300 sq. ft. lot and features a detached two-car garage.
Built in 1935, the home needs updating and some TLC, with an opportunity to renovate, customize, and maximize its potential. Located in the heart of Queens Village, it is moments from Hillside Avenue and close to shopping, schools, restaurants, and public transportation.
Key Highlights
- Legal two‑family duplex with Certificate of Occupancy from the Department of Buildings
- Second floor: three bedrooms plus a full bathroom
- First floor includes living room, oversized formal dining room, enclosed sunroom and enclosed deck, plus a large kitchen
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $46.20 |
| − Vacancy | −$2.1k | −$1.76 |
| EGI | $54.0k | $44.44 |
| − OpEx | −$24.3k | −$20.00 |
| NOI | $29.7k | $24.44 |
1,214 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$423.9K
$371.0K – $494.6K
NOI $29,676 @ 7.0% cap · market cap 3.41%
Second Best
Multifamily LT 5
$287.1K
$251.2K – $334.9K
NOI $20,094 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$895.0K
$783.1K – $1.04M
NOI $62,648 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 11427, NY
24,555
Population
8,435
Households
2.9
Avg Household Size
44
Median Age
36%
College-Educated
84%
High-School Grad
1.6 sq mi
ZIP Area
15,347
Density / Sq Mi
$92,129
Median Household Income
$48,439
Median Earnings
$1,697
Median Rent
$690,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with finished basement and detached two-car garage; built 1935.
Where is this duplex located?
The property is located at 8952 218th Street Queens Village, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Legal two‑family duplex with Certificate of Occupancy from the Department of Buildings; Second floor: three bedrooms plus a full bathroom; First floor includes living room, oversized formal dining room, enclosed sunroom and enclosed deck, plus a large kitchen
