Large Two-Family House For
145-80 224 st Springfield Gardens, NY 11413
145-80 224 st, Springfield Gardens, NY, 11413
Contact for pricing
For Sale
Contact for pricing
Two-family house with hardwood floors, great income potential.
Property Size2,842 SF
Price / SF$344.83
Days on Market727
Property Features for 145-80 224 st
General Information
- Standard status
- Active
- Size
- 2,842 SF
- Property subtype
- Mixed Use
Listing Agency
ASCHAN REALTY
Listed by
Andrea Reid
Source
Crexi
Added: Jul 24, 2024 Updated: Jul 6 at 8:39 am Checked: Jul 19 at 6:28 am
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 ASCHAN REALTY
Investment Insights
Based on property information with market context.
This large two-family house is available for sale. The property features two units, each containing three bedrooms. Hardwood floors are present throughout the building. The property includes three kitchens, suggesting income-producing potential.
Key Highlights
- Large 2‑family house
- 3 bedrooms over 3 bedrooms
- Hardwood floors throughout
Local 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 | $131.3k | $46.20 |
| − Vacancy | −$5.0k | −$1.76 |
| EGI | $126.3k | $44.44 |
| − OpEx | −$56.8k | −$20.00 |
| NOI | $69.5k | $24.44 |
2,842 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$992.4K
$868.4K – $1.16M
NOI $69,471 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,661 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Two-family house with hardwood floors, great income potential.
Where is this multifamily property located?
The property is located at 145-80 224 st Springfield Gardens, NY.
What is the asking price?
The asking price for this property is $979,999.
What are key features of this property?
This property features: Large 2‑family house; 3 bedrooms over 3 bedrooms; Hardwood floors throughout
