Large Two-Family House For
For Sale
Contact for pricing
145-80 224 st, Springfield Gardens, NY 11413
Two-family house with hardwood floors, great income potential.
Property Size2,842 SF
Price / SF$344.83
Days on Market823
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
Changed: Oct 7
Last Checked: Oct 23 at 6:34AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,471
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,420
$1.4M
Cap Rate 7%
$992,443
$992.4K
Cap Rate 9%
$771,900
$771.9K
Market Conditions
NOI Build-Up for 2,842 SF
Gross rent
$131.3K $46.20/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$126.3K $44.44/SF
− OpEx
−$56.8K −$20.00/SF
NOI
$69.5K $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%
$1,389,420
Cap Rate 7%
$992,443
Cap Rate 9%
$771,900
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 11413, NY
42,978
Population
14,485
Households
3
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
3.0 sq mi
ZIP Area
14,326
Density / Sq Mi
$114,766
Median Household Income
$50,525
Median Earnings
$2,038
Median Rent
$631,700
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
Frequently Asked Questions
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
