134-58 161st Street
About this property
Short Sale - Two-Family Home in Springfield Gardens, NY Overview This short sale property is subject to bank approval and offers an exceptional two-family brick home in the desirable Springfield Gardens neighborhood of New York. This unique investment opportunity features two spacious three-bedroom apartments, making it ideal for multi-generational living or rental income potential. One unit will be delivered vacant at closing, providing immediate occupancy or rental opportunities. This semi-detached corner property requires minor TLC, offering a great opportunity to add personal touches and increase value. Property Features Construction: Solid brick construction corner semi-detached 2 family Layout: Each unit offers three generously sized bedrooms, ample living space, and well-appointed kitchens. Vacancy: One unit will be delivered vacant at closing, ready for immediate move-in or lease. Location Highlights Proximity to JFK Airport: Located just a short drive from John F. Kennedy International Airport, this property is perfect for frequent travelers and offers easy access for visiting friends and family. Parks and Recreation: Enjoy the nearby Springfield Park, offering green spaces, walking trails, and recreational facilities for all ages. Shopping and Dining: Conveniently located near local stores, grocery markets, and diverse dining options, ensuring all your daily needs are met within minutes. Additional Benefits Transportation: Excellent public transportation options, including buses and nearby LIRR stations, make commuting a breeze. Community: Springfield Gardens is known for its vibrant community, excellent schools, and family-friendly atmosphere. Don't miss out on this fantastic short sale opportunity in Springfield Gardens. Whether you're looking for a family home or a solid investment, this property offers versatility and value in a prime location. Explore the potential and make this exceptional property yours!
Listing details
- Property Type
- Residential Income
- Sub-Type
- Duplex
- Year Built
- 1987
- Lot Size
- 3,200 sqft
- County
- Queens
- MLS #
- KEYL3564512
- Status
- Active
Street view & aerial
Imagery © Google. Street View and satellite data may not reflect current property condition.
FMR for Jamaica, NY 11434
FY2025 · Nassau-Suffolk HUD Metro FMR Area
All bedroom sizes — ZIP 11434
| Unit Size | Monthly FMR | Annual Gross |
|---|---|---|
| Studio | $1,900 | $22,800 |
| 1 Bedroom | $2,156 | $25,872 |
| 2 Bedroom | $2,640 | $31,680 |
| 3 Bedroom | $3,324 | $39,888 |
| 4 BedroomSubject | $3,683 | $44,196 |
Source: U.S. Department of Housing & Urban Development — Nassau-Suffolk HUD Metro FMR Area, FY2025. FMR represents the 40th-percentile gross rent under the Section 8 Housing Choice Voucher program. Market rents in stable Long Island submarkets typically run 110–130% of FMR.
Mortgage calculator
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Where this property sits in the foreclosure process
New York is a judicial-foreclosure state. The full process typically runs 2.5–4+ years from first missed payment to recorded deed.
- Day 0 – Day 90Pre-foreclosure (RPAPL §1304 notice)
Lender sends the 90-day pre-foreclosure notice required by NY RPAPL §1304. Homeowners may request a workout, modification, or short sale during this window.
- Month 4 – Month 6Lis pendens & summons filed
Lender files a lis pendens and complaint in Nassau or Suffolk Supreme Court. Homeowner has 20–30 days to answer (or 60 if served outside NY).
- Month 6 – Month 18+Mandatory CPLR §3408 settlement conference
NY requires a settlement conference where various resolution paths — such as a repayment plan, deed in lieu, or short sale — may be discussed.
- Month 18 – Month 36+Judgment of foreclosure & sale
If unresolved, the court issues a Judgment of Foreclosure and Sale. A referee is appointed and an auction date is set (usually 60–90 days out).
- Month 24 – Month 48+Auction & post-sale eviction
Property is auctioned on the courthouse steps. After the deed transfers, the new owner must commence a separate RPAPL Article 7 holdover proceeding to recover possession.
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Questions about this listing
Is 134-58 161st Street in Jamaica still available?
Inventory changes daily. 134-58 161st Street is currently listed as Active in OneKey® MLS. Contact East End Luxury Ltd. at (516) 449-2783 for the most up-to-date status, including any pending offers, auction date, or short-sale lender response.
Can I tour a foreclosure or short sale on Long Island?
Yes. Most distressed properties on Long Island, the Hamptons, and East End are available for showings by appointment. We coordinate access with the listing brokerage, asset manager, or seller's attorney and can typically schedule a tour within 24–72 hours.
How do offers work on a short sale or REO listing?
Short sales require lender approval and typically take 60–120 days from accepted offer to closing. REO/bank-owned listings follow asset-manager addenda and usually close in 30–45 days. Cash offers and pre-approved buyers receive priority. We guide you through every step.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Listing last updated: 10/06/2026, 10:25 AM ET
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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