BuySellBlogBrowse Listings

116-01 221st StreetCambria Heights, NY 11411

For Sale

$1,548,888

Smart Buyer Rebate $19,361

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

·

EXP Realty

·

888-276-0630

Listed by Stephen Hilton

·

EXP Realty

Last updated October 18, 2025

·

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

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.