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New Saint Albans Two-Family Home

121-09 195th Street Saint Albans, NY 11413

121-09 195th Street, Saint Albans, NY, 11413
$1,125,000
Pending
For Sale
Claim this Listing
$1,125,000
Pending

MULTI_FAMILY - Contemporary - Saint Albans, NY

Property Size2,700 SF
Lot Size0.06 Acres
AddedFeb 7, 2025
Days on Market522
Last RefreshJul 14 at 2:06 pm

Property Features for 121-09 195th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 5, Basement, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 1
Parking
4
Parking features
Driveway, Covered, Garage
Security features
Security System
Window features
Storm Window(s), Insulated Windows, ENERGY STAR Qualified WIndows
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, High Ceilings, Primary Bathroom, Open Floorplan, Open Kitchen, Pantry, Quartz/Quartzite Counters, Recessed Lighting, Washer/Dryer Hookup
Exterior features
Balcony
Basement
Full, Finished, Walk-Out Access
Standard status
Pending
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
3115

Utilities

Sewer type
Public Sewer
Heating system
Baseboard, Energy Star Qualified Equipment (Heating), Natural Gas, Radiant, Radiant Floor
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public

Building Details

Year built
2024
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick, Frame, Stucco
Architectural style
Contemporary

Listing agent Derek J. Greene License #SBR004802

Listing office Greene Realty Group 4 Field Way, Worcester, NY

Listing date Feb 7, 2025

MLS# 820360 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.


Investment Insights

Based on property information with market context.

This new construction two-family home, nearing completion, offers over 2700 square feet of living space on a quiet, tree-lined block. The property features 6 bedrooms and 5 bathrooms, all equipped with floor radiant heat. Hardwood floors extend throughout the first and second floors. The second floor includes vaulted ceilings and a private balcony. The building is equipped with fire sprinklers throughout. There are 3 electric and 2 gas meters, along with 2 high-energy-efficient tankless water heaters. The fully finished 900 square foot basement has 9-foot ceilings, a full bathroom, and its own outside entrance. A long, private driveway leads to a separate 300 square foot brick garage. Situated on a 0.057-acre lot in Saint Albans, Queens, this property is suitable for multi-generational living or as an investment property with income potential and low maintenance. The property is located in Saint Albans, NY 11413.

Key Highlights

  • New construction (2024) custom built 2‑family home with approx. 2,700+ sq ft of living space
  • 6 bedrooms and 5 bathrooms, including a first‑floor bedroom and first‑floor full bath
  • Radiant floor heating throughout with energy‑efficient tankless water heaters (2) and 3 electric + 2 gas meters

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $124.7k $46.20
− Vacancy −$4.7k −$1.76
EGI $120.0k $44.44
− OpEx −$54.0k −$20.00
NOI $66.0k $24.44
2,700 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$942.9K
$825.0K – $1.10M (±1% cap)
NOI $66,000 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$638.4K
$558.6K – $744.8K (±1% cap)
NOI $44,689 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M (±1% cap)
NOI $139,333 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Gym & Fitness Center Skin Care Clinic Acupuncture Carpet & Flooring Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Pet Grooming Service Home Appliance Store

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

FAQs

What type of property is this?
Duplex - New construction two-family home with modern amenities and income potential.
Where is this duplex located?
The property is located at 121-09 195th Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: New construction (2024) custom built 2‑family home with approx. 2,700+ sq ft of living space; 6 bedrooms and 5 bathrooms, including a first‑floor bedroom and first‑floor full bath; Radiant floor heating throughout with energy‑efficient tankless water heaters (2) and 3 electric + 2 gas meters
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