Welcome to the Largest & One Of A Kind investment property in the parameters of Cambria Heights/ Laurelton and Valley Stream, New York! The Building footprint alone is 75 feet by 24 feet (plus a garage!). 1st Floor residence alone has 1,800 square feet! 2nd floor almost as large with a almost 400 square foot private roof deck. This expansive 8-bedroom, 4-full bathroom multi-family property offers exceptional flexibility for both homeowners and investors. Currently configured as a legal 2-family, the layout and space allow for possible conversion to a legal 3-family residence , maximizing income potential. Home was recently GUT renovated. Step inside to find well-maintained interiors, generous living spaces, and a full finished basement with 2 separate entrances. The home also includes a private garage and driveway, providing coveted off-street parking as also a carport for up to 3 more cars. Conveniently located near shopping, schools, houses of worship, major highway, airport and public transportation. This property is perfect for multi-generational living or generating strong rental returns. Don’t miss this versatile property—whether you’re looking to invest or call it home, this is a rare find and will never see one like this again!
Listed by Cristobal A. Cottes
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EXP Realty
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888-276-0630
Listed by Stephen Hilton
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EXP Realty
Last updated October 18, 2025
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Source: OneKey #912407
Listing Facts
TypeMulti-family
NeighborhoodLong Island Estates
Bedrooms9
Bathrooms4
Days on Prevu41
Taxes$7,327/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
09/12/2025
Listed by EXP Realty
$1,548,888
Estimated Closing Costs
Total
$55,810
Attorney Fees
$4,000
NYC Mansion Tax
$15,488
Title Insurance
$6,970
Bank Attorney
$1,500
Mortgage Recording Tax
$23,852
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,548,888 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 116-01 221st Street
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Property Condition: Updated/Remodeled
Year Built: 1930
Architectural Style: Colonial, Modern, Other
Construction Materials: Brick
Features
Fencing: Fenced, Full
Measurements
Building Area Total: 3,412
Building Area Units: Square Feet
Lot Size Acres: 0.09
Lot Size Square Feet: 4,000
Financial
Taxes
Parcel Number: 11322-0032
Tax Annual Amount: $7,327.00
Tax Year: 2023
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath, Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Open Kitchen
Rooms
Basement: Finished, Full, See Remarks, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 9
Parking
Parking
Carport Spaces: 3
Carport: Yes
Garage Spaces: 1
Garage: Yes
Parking Features: Covered, Detached
Parking Total: 5
Schools
Elementary School
Elementary School: Ps/Ms 147 Ronald Mcnair
Elementary School District: Queens 29
Middle or Junior School
Middle Or Junior School: Is 192 Linden (The)
Middle Or Junior School District: Queens 29
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Laundry Features: In Basement
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Water Source: Public
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