Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    105-54 131St St South Richmond Hill, NY 11419

    View on Map
    Sponsored
    For Sale
    $999,000

    MULTI_FAMILY - Richmond Hill S., NY

    Lot size:
    0.06 Acres
    Days on Market:
    32
    Last Refresh:
    Mar 29 at 5:06 am

    Property Features for 105-54 131St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3A
    Rooms
    Basement
    APN
    09590-0037
    Parking features
    Garage, Driveway
    Interior features
    Master Downstairs, First Floor Bedroom
    Basement
    Full, Finished
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    2
    Number of units
    2
    Building materials
    Aluminum Siding, Vinyl Siding, Advanced Framing Technique

    We can help!

    Listing Contact
    Afshin Termechi

    Keller Williams Landmark II

    Listing agent Afshin Termechi

    Listing date Feb 25, 2026

    MLS# L3587895

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Richmond Hill Multifamily with Garage

    Located in Richmond Hill S., NY, this multifamily property features a thoughtfully designed layout. The first-floor unit is a 3-bedroom, 2-bathroom apartment, suitable for a larger household or rental. The second-floor unit offers a 2-bedroom, 1-bathroom apartment. A high-ceilinged basement with a bath and separate entrance provides space for customization or future expansion. The property includes a private driveway and a detached garage, offering parking for multiple vehicles. The interior features a living room/dining room. There is a separate hot water heater. The property's appearance is fair. The lot size is 0.0574 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.813921
    Latitude
    40.687846

    Nearby Similar for Sale

    • New
      $899,000
      0.04 Acres

      Renovated Two-Family Home, Queens

      Well-maintained, renovated two-family home in South Richmond Hill, Queens.
      9530 117Th St, South Richmond Hill, NY 11419
      View Details
    • $960,000
      0.06 Acres

      Richmond Hill Two-Family Home

      Two-family home in Queens with garage and backyard.
      10478 129Th St, South Richmond Hill, NY 11419
      View Details
    • New
      $2,099,999
      3,700 SF

      Richmond Hill High-Income Multifamily Property

      Modern, high-income multifamily property in Richmond Hill South, built 2023.
      125-11 101St Ave, South Richmond Hill, NY 11419
      View Details
    • New
      $829,000
      0.06 Acres

      Richmond Hill Two-Family Home

      Two-family home in prime location with renovation potential.
      103-37 116Th St, South Richmond Hill, NY 11419
      View Details
    • New
      $918,000
      0.06 Acres

      Richmond Hill Two-Family Home

      Well-maintained two-family home in South Richmond Hill, Queens.
      10416 134Th St, South Richmond Hill, NY 11419
      View Details
    • $995,000
      0.06 Acres

      Richmond Hill Multifamily Colonial

      Two-story multifamily property in Richmond Hill South, Queens.
      102-27 129Th St, South Richmond Hill, NY 11419
      View Details
    • New
      $1,850,000
      0.05 Acres

      Turn-Key Investment Property, Richmond Hill

      Corner property with renovated restaurant/bar and two apartments.
      13401 Liberty Ave, South Richmond Hill, NY 11419
      View Details
    • New
      $1,369,000
      0.11 Acres

      Renovated Two-Family Corner House

      Fully renovated two-family detached house in Richmond Hill South.
      10708 132Nd St, South Richmond Hill, NY 11419
      View Details
    • $925,000
      0.07 Acres

      Two-Family Home in Richmond Hill

      Two-family home with four bedrooms, two baths, two-car garage.
      104-58 121St St, South Richmond Hill, NY 11419
      View Details
    • $999,000
      Pending

      Spacious Richmond Hill Two-Family Home

      Legal two-family home in Richmond Hill, delivered vacant.
      9428 112Th St, South Richmond Hill, NY 11419
      View Details
    • $1,150,000
      Pending

      Spacious Colonial in Richmond Hill

      Two-family home on oversized lot near Liberty Avenue.
      134-15 102Nd Ave, South Richmond Hill, NY 11419
      View Details
    • $999,000
      0.06 Acres

      Two-Family Home in Richmond Hill

      Legal two-family home in South Richmond Hill neighborhood.
      12014 Atlantic Ave, South Richmond Hill, NY 11419
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-generating multifamily property in Richmond Hill with detached garage.
    Where is this duplex located?
    The property is located at 105-54 131St St South Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Income-generating potential with a 3-bedroom, 2-bathroom unit and a 2-bedroom, 1-bathroom unit.; - High-ceilinged basement with a bath and separate entrance, ideal for customization or expansion.; - Private driveway and detached garage provide ample parking.
    (347) 846-1200
    Request Owner's contact information
    105-54 131St St South Richmond Hill, NY 11419
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105-54 131St St
    South Richmond Hill, NY 11419
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105-54 131St St South Richmond Hill, NY 11419
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Afshin Termechi
    Real Estate License ID: 40TE0981811
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!