Three-Unit Triplex with Finished
94-81 218th Street, Queens Village, NY 11428
For Sale
New
$1,498,000
C4-2 zoning and three residential units provide a defined multifamily configuration.
Property Size3,432 SF
Lot Size0.05 Acres
Price / SF$436.48
Days on Market2
Property Features for 94-81 218th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
backyard
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Jamie Realty Group
Listed By:
Xiao Zheng · License NY #10491212408
(718) 309-2982
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:36AM
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 Jamie Realty Group
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Investment Insights
Based on property information with market context.
This 2006 triplex contains three residential units. The first floor has a two-bedroom, one-bathroom apartment with living and dining areas and a kitchen. The upper two floors contain three-bedroom, two-bathroom apartments, each with living and dining space and a kitchen. A finished basement with a separate entrance and a backyard are also part of the property. The building measures 19.8 by 57.3 feet on a 20 by 108.81-foot lot, with 3,432 square feet of property size reported.
The property is near shops, restaurants, parks, and schools. Q27, Q36, Q88, and Q110 bus routes, along with the N24, serve the area. The Queens Village LIRR station is a short walk away.
The property is near shops, restaurants, parks, and schools. Q27, Q36, Q88, and Q110 bus routes, along with the N24, serve the area. The Queens Village LIRR station is a short walk away.
Key Highlights
- Three residential units across the first, second, and third floors
- First‑floor unit: 2 bedrooms and 1 full bathroom; upper‑floor units: 3 bedrooms and 2 full bathrooms each
- Finished basement with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,807
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,140
$1.7M
Cap Rate 7%
$1,211,529
$1.2M
Cap Rate 9%
$942,300
$942.3K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$131.8K $38.40/SF
− Vacancy
−$10.6K −$3.10/SF
EGI
$121.2K $35.30/SF
− OpEx
−$36.3K −$10.59/SF
NOI
$84.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,140
Cap Rate 7%
$1,211,529
Cap Rate 9%
$942,300
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,807 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,108 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
852
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
$666,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - C4-2 zoning and three residential units provide a defined multifamily configuration.
Where is this triplex located?
The property is located at 94-81 218th Street Queens Village, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Three residential units across the first, second, and third floors; First‑floor unit: 2 bedrooms and 1 full bathroom; upper‑floor units: 3 bedrooms and 2 full bathrooms each; Finished basement with separate entrance
