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    Victorian Two-Family Home Title is generated by Realmo AI

    8517 115th Street, Richmond Hill, NY 11418

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    Claim this Listing
    Pending
    $1,280,000

    MULTI_FAMILY - Victorian - Richmond Hill, NY

    Property size:
    3,123 SF
    Lot size:
    0.13 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    157
    Last Refresh:
    Jun 27 at 9:06 pm

    Property Features for 8517 115th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Dining Room, Bedroom 1, Basement
    Parking
    4
    Parking features
    Driveway
    Window features
    Aluminum Frames
    Interior features
    First Floor Bedroom, Beamed Ceilings, Cathedral Ceiling(s), Crown Molding, ENERGY STAR Qualified Door(s), Formal Dining
    Basement
    Finished, Walk-Out Access, Full
    Standard status
    Pending
    APN
    09223-0050
    Size
    3,123 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10933

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Stucco
    Architectural style
    Victorian

    We can help!

    Contact an agent
    Sammi Chen

    Listing agent Sammi Chen

    Listing office Landmark International R E LLC 188-06 Northern Blvd, Maspeth, NY

    Listing date Jan 21, 2026

    MLS# 952989 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.

    HighLights

    • Detached Victorian two‑family home built in 1910 with 3,123 sq ft of living space
    • Total of 7 oversized bedrooms and 4 full baths across both units
    • Hardwood floors, high ceilings, formal living and formal dining rooms
    • Finished attic and finished basement with OSE
    • Two detached garages plus a driveway
    • Utilities include 2 electric meters and 2 gas meters; public water and public sewer

    Overview

    This detached Victorian two-family home is located in Richmond Hill, near the Kew Gardens border. The property features 7 oversized bedrooms, 4 full baths, high ceilings, formal living and dining rooms, and hardwood floors. The home includes a finished attic, a finished basement with an outside entrance, and two detached garages. The property has one heating zone, two electric meters, and two gas meters. Situated on a 5,833 sq ft lot, the home offers 3,123 sq ft of living space. It is located minutes from Forest Park, the J/Z train, shopping, and transportation. This property is suitable for both end-users and investors.

    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 $144.3k $46.20
    − Vacancy −$5.5k −$1.76
    EGI $138.8k $44.44
    − OpEx −$62.5k −$20.00
    NOI $76.3k $24.44
    3,123 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.09M
    $954.3K – $1.27M (±1% cap)
    NOI $76,340 @ 7.0% cap · market cap 5.96%
    Second Best
    Multifamily LT 5
    $738.4K
    $646.1K – $861.5K (±1% cap)
    NOI $51,691 @ 7.0% cap · market cap 4.04%
    Theoretical Best
    Office A
    $2.30M
    $2.01M – $2.69M (±1% cap)
    NOI $161,162 @ 7.0% cap · market cap 12.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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
    Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.835131
    Latitude
    40.701493

    FAQs

    What type of property is this?
    Duplex - Detached Victorian two-family in Richmond Hill near Forest Park.
    Where is this duplex located?
    The property is located at 8517 115th Street Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $1,280,000.
    What are key features of this property?
    This property features: Detached Victorian two‑family home built in 1910 with 3,123 sq ft of living space; Total of 7 oversized bedrooms and 4 full baths across both units; Hardwood floors, high ceilings, formal living and formal dining rooms
    More about this property
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