Multifamily Property with
For Sale
$1,168,000
91-14 86th Drive, Woodhaven, NY 11421
Built in 1915, this Queens property includes full-basement storage and wall or window units.
Property Size2,080 SF
Days on Market51
Property Features for 91-14 86th Drive
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,295
Amenities
Wall/Window Unit(s)
Natural Gas, Other
Full, Storage Space
Other
No Garage, None
Building Details
Building Size
2,080 SF
Year Built
1915
Listing Agency:
Homix Realty Inc
Listed By:
Si Zhang
(917) 688-9917
Source:
Evrealestate
Added: Aug 17
Changed: Sep 30
Last Checked: Oct 5 at 6:07PM
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 Homix Realty Inc
Investment Insights
Based on property information with market context.
This multifamily property in Queens dates to 1915. Interior features include wall or window units, natural gas, and full-basement storage space. The property has no garage.
Key Highlights
- Built in 1915
- Full basement with storage space
- Wall or window units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,844
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,880
$1.0M
Cap Rate 7%
$726,343
$726.3K
Cap Rate 9%
$564,933
$564.9K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$96.1K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$92.4K $44.44/SF
− OpEx
−$41.6K −$20.00/SF
NOI
$50.8K $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%
$1,016,880
Cap Rate 7%
$726,343
Cap Rate 9%
$564,933
Alternative Uses
Best Use
Apartment 5plus
$726.3K
$635.6K – $847.4K
NOI $50,844 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,338 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,153
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1915, this Queens property includes full-basement storage and wall or window units.
Where is this multifamily property located?
The property is located at 91-14 86th Drive Woodhaven, NY.
What is the asking price?
The asking price for this property is $1,168,000.
What are key features of this property?
This property features: Built in 1915; Full basement with storage space; Wall or window units
