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137-08 218th Street, Springfield Gardens, NY, 11413

5beds
3baths
2,282sqft
$1,199,999
$526price/sqft
$7,581/moest. monthly cost
$303,240/yrincome needed

About This Home

Think a brand-new two-family home in the heart of Laurelton with only $4,000 a year in property taxes sounds too good to be true? Think again. Welcome to 137-08 218th Street. This newly constructed two-family home is designed for both comfortable living and strong income potential. The owner's duplex features 3 spacious bedrooms and 1 full bathroom, while the second unit offers 2 bedrooms, 1 full bathroom, and its own private balcony—perfect for generating rental income or accommodating extended family. Enjoy year-round comfort with split-unit heating and cooling systems throughout the home. The fully finished basement boasts 12-foot ceilings, a separate entrance, and a full bathroom, making it an ideal space for recreation, guests, or needing additional living space. Outside, the property is fully concreted, providing a clean, low-maintenance exterior with ample usable space, private driveway large enough for trucks, vans, plenty of cars! Modern construction, versatile living, and exceptionally low property taxes—opportunities like this don't come around often.

Getting Around

72
WalkingVery Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

4/10
Cynthia Jenkins SchoolGrades PK-50.3 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Construction materials: Brick

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • First Floor Bedroom,First Floor Full Bath
  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Ductless

Interior Area

  • Total structure area: 2,282
  • Total interior livable area: 2,282 sqft

Property

Details

  • Parcel number: 130300066
  • Special condition: None

Lot

  • Lot size: 2,613 sqft

Parking

  • Parking features: Driveway,Private
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Queens County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,067$72,804
Home Insurance *$388$4,656
Property Taxes $749$8,988
Electricity $377$4,525
Total$7,581$90,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$259,920/yr
40% on housing$227,430/yr
45% on housing$202,160/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.5%
2.5%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$526This listing

vs Other Active Listings

Avg $/sqft

ZIP 11413$505
Queens County$533

vs Homes Sold Last Month

Median $/sqft

ZIP 11413$527
Queens County$600

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-03Listed for sale$1,199,999
2024-04-18Sold$399,000
2024-04-03Pending sale$399,000
2024-03-09Listing removed--
2024-02-29Listed for sale$399,000
2024-02-06Listing removed--
2024-02-05Listed for sale$450,000
2022-05-22Listing removed--
2022-05-17Listed for sale$450,000

New Construction

AgentAmit Nidam
BrokerageExclusive Homes Group Inc

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