Lai Fong “Jennifer” Chi
Licensed Real Estate Salesperson
REALTOR®
BEDS6
BATHS3 full
MLS#1033475
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 29
Property Description
Excellent investment opportunity in the highly sought-after neighborhood of Rosedale! This well-maintained two-family home features 3 bedrooms over 3 bedrooms, plus a finished basement.The first floor and finished basement are currently tenant-occupied on a month-to-month basis with no lease, while the vacant second-floor unit offers 3 bedrooms, 1 full bathroom, and a finished attic, making it ideal for an owner-occupant or an investor seeking immediate rental income.The property is currently generating approximately a 3% cap rate, with the potential to increase to nearly 6% by renting the vacant second-floor unit at market value. Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers exceptional upside potential.Conveniently located near shopping, schools, parks, public transportation, and major highways, this is a rare opportunity to own a solid income-producing property in one of Queens' most desirable neighborhoods.The seller is motivated and looking for a qualified buyer to take advantage of this exceptional investment opportunity. Don't miss your chance to own this Rosedale gem!
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Baseboard, Hot Water
Lot Size: 0.07 Acres
Taxes: $6,353
Year Built: 1925
Amenities
First Floor Bedroom
First Floor Full Bath
Entrance Foyer
Formal Dining
Feature Descriptions
Building Area Total: 1724
Cap Rate: 3
Exterior: Aluminum Siding
Flooring: Wood
Formal Dining: Yes
GarageY/N: Yes
Heating Units: 1
On Market Date: 2026-08-01
Parcel Number: 13550-0056
Parking Features: Driveway
Rental Term: Monthly
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
Water: Public
Local Schools
High School: Excelsior Prep High School
Middle School: Collaborative Arts Middle School
Elementary School: Ps/Ms 138 Sunrise
School District: Queens 29
Listed By / Shown By
Listing By
Agency Name: Global Xchange Realty, LLC
Agency Phone: 917-412-0047
Shown By
Agent Name: Lai Fong “Jennifer” Chi
Agent Phone: Cell: (631) 974-9888
Agency Title: Howard Hanna | Coach Realtors
Estimate Your Payment
Estimated Payment
$ 4,423.13 per month $3,646.09 Principal & Interest $529.42 Property Tax $247.63 Homeowner's InsuranceChange Payment Information
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24011 144th Avenue | MLS# 1033475
This multi-family property located at 24011 144th Avenue, Rosedale, NY 11422 is currently listed for sale with an asking price of $849,000. 144th Avenue is located within the Queens 29 school district. Search Rosedale real estate on lchi.coachrealtors.com today.