Sign Up Successful!
You now have access to more from Realmo!
    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

    116-45 195Th St Saint Albans, NY 11412

    Sponsored
    For Sale
    Pending
    $995,000

    MULTI_FAMILY - Saint Albans, NY

    Lot size:
    0.06 Acres
    Days on Market:
    28
    Last Refresh:
    Jan 27 at 10:06 am

    Property Features for 116-45 195Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3
    Bedrooms
    6
    Bathrooms
    3
    Basement
    Full, Finished
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Shahid H. Malik CBR

    WINZONE REALTY INC. (718) 899-7000

    Listing agent Shahid H. Malik CBR

    Listing date Dec 31, 2025

    MLS# 934180 Listing URL

    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

    Renovated Two-Family House in Queens

    This is a legal, fully detached two-family house that has been completely renovated. The renovations include two new modern kitchens and three new full bathrooms. The entire house features hardwood floors and new windows. The exterior has new siding, and the kitchens are equipped with all new stainless-steel appliances. The first floor comprises three bedrooms, and the second floor also has three bedrooms. The property includes a full finished basement and a huge backyard. Additionally, there is a private driveway. The property is located in Saint Albans, Queens, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Queens
    State
    New York
    Longitude
    -73.75679
    Latitude
    40.693604

    Nearby Similar for Sale

    • New
      $1,149,000
      0.09 Acres

      Renovated Two-Family Home in Saint Albans

      Updated two-family home with modern finishes, ideal for living and investment.
      19223 116Th Rd, Saint Albans, NY 11412
      View Details
    • New
      $1,689,000
      0.14 Acres

      Spacious Saint Albans Two-Family

      Custom-built two-family home with rental income potential.
      11620 194Th St, Saint Albans, NY 11412
      View Details
    • $1,100,000
      Pending

      Renovated Colonial Duplex in Saint Albans

      Completely renovated two-family brick colonial with modern upgrades and flexible layout.
      114-47 173Rd St, Saint Albans, NY 11434
      View Details
    • New
      $895,000
      Pending

      Renovated Two-Family Home in Saint Albans

      Renovated 2-family home with modern finishes in Saint Albans.
      194-56 Murdock Ave, Saint Albans, NY 11412
      View Details
    • New
      $1,149,000

      Saint Albans Legal Two-Family House

      Legal two-family house in Saint Albans with finished basement.
      115-16 199Th St, Saint Albans, NY 11412
      View Details
    • $1,625,000
      0.05 Acres

      Mixed-Use Property in Saint Albans

      Five-unit mixed-use property with commercial and residential spaces.
      200-21 Hollis Ave, Saint Albans, NY 11412
      View Details
    • $969,000
      Pending

      Renovated Two-Family Home in Saint Albans

      Newly renovated two-family home with income potential in Saint Albans.
      19311 120Th Ave, Saint Albans, NY 11412
      View Details
    • $999,000
      0.07 Acres

      Renovated Two-Family in Saint Albans

      Newly renovated two-family home, ideal for investors or homeowners.
      19124 Murdock Ave, Saint Albans, NY 11412
      View Details
    • New
      $1,375,000
      0.09 Acres

      Saint Albans Multi-Family House

      Multi-family house for sale in good condition.
      120-36 199Th St, Saint Albans, NY 11412
      View Details
    • $1,125,000
      Pending

      New Saint Albans Two-Family Home

      New construction two-family home with modern amenities and income potential.
      121-09 195Th St, Saint Albans, NY 11413
      View Details
    • New
      $1,190,000
      0.08 Acres

      Saint Albans Multi-Family Residence

      Well-maintained multi-family home in a convenient Saint Albans location.
      191-15 119Th Ave, Saint Albans, NY 11412
      View Details
    • New
      $1,099,000
      0.06 Acres

      Saint Albans Multi-Family Home

      Well-maintained multi-family home in a convenient Saint Albans location.
      191-11 119Th Ave, Saint Albans, NY 11412
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully renovated, detached two-family house with modern amenities and finished basement.
    Where is this duplex located?
    The property is located at 116-45 195Th St Saint Albans, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Legal 2 Family House - ideal for investors or multi-generational living; - Fully Renovated with modern kitchens, bathrooms, hardwood floors, new windows, and siding; - Two 3-Bedroom Units provide ample living space and rental potential
    (718) 899-7000
    Request Owner's contact information
    116-45 195Th St Saint Albans, NY 11412
    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.
    116-45 195Th St
    Saint Albans, NY 11412
    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
    116-45 195Th St Saint Albans, NY 11412
    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
    Shahid H. Malik CBR
    (718) 899-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.