Renovated
9264 Springfield Boulevard, Queens Village, NY 11428
For Sale
$1,549,000
Two principal floors each offer a kitchen, living room, dining area, and two bathrooms.
Property Size3,455 SF
Price / SF$448.34
Days on Market54
Property Features for 9264 Springfield Boulevard
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Elite Synergy Realty Inc
(516) 567-8600
Listed By:
Md A. Huda
(248) 659-7600
Source:
Croninreale
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 7 at 1:02PM
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 Elite Synergy Realty Inc
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Investment Insights
Based on property information with market context.
This renovated two-family duplex contains 3,455 square feet, with 11 bedrooms and 4 bathrooms. The first floor has five bedrooms, while the second has three and connects to a third-floor duplex area with three additional rooms. Both principal floors include a kitchen, living room, dining area, and two bathrooms. The home was built in 1930.
A private driveway accommodates 4–5 cars, and the property includes a one-car garage. MTA and LIRR transportation, supermarkets, schools, and places of worship are nearby.
A private driveway accommodates 4–5 cars, and the property includes a one-car garage. MTA and LIRR transportation, supermarkets, schools, and places of worship are nearby.
Key Highlights
- Two‑family duplex with 11 bedrooms and 4 bathrooms
- 3,455 square feet; built in 1930
- First floor includes 5 bedrooms; second floor has 3 bedrooms and access to 3 additional third‑floor rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,455
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,100
$1.7M
Cap Rate 7%
$1,206,500
$1.2M
Cap Rate 9%
$938,389
$938.4K
Market Conditions
NOI Build-Up for 3,455 SF
Gross rent
$159.6K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$153.6K $44.44/SF
− OpEx
−$69.1K −$20.00/SF
NOI
$84.5K $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%
$1,689,100
Cap Rate 7%
$1,206,500
Cap Rate 9%
$938,389
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,455 @ 7.0% cap · market cap 5.45%
Second Best
Multifamily LT 5
$816.9K
$714.8K – $953.1K
NOI $57,186 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,295 @ 7.0% cap · market cap 11.51%
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
1,871
Businesses Nearby
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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
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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 - Two principal floors each offer a kitchen, living room, dining area, and two bathrooms.
Where is this duplex located?
The property is located at 9264 Springfield Boulevard Queens Village, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two‑family duplex with 11 bedrooms and 4 bathrooms; 3,455 square feet; built in 1930; First floor includes 5 bedrooms; second floor has 3 bedrooms and access to 3 additional third‑floor rooms
