Detached Two-Family
101-11 107th Street, Queens, NY 11416
For Sale
$829,000
Laminate flooring and access to local bus service and the A train support the property's residential setup.
Property Size1,354 SF
Price / SF$612.26
Days on Market61
Property Features for 101-11 107th Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Realmart Realty LLC
Listed By:
Qizhan Jack Yao · License #0902217
(732) 727-2285
Source:
Dallien
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 7 at 1:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realmart Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached duplex contains two family residences and was built in 1900. Laminate flooring is installed throughout, with rooms described as well proportioned. The property offers a residential configuration in a standalone building.
Local bus service and the A train subway station are nearby, with the subway providing access to Manhattan and JFK Airport. Shopping and dining options along Liberty Avenue, as well as P.S. 62, are within walking distance.
Local bus service and the A train subway station are nearby, with the subway providing access to Manhattan and JFK Airport. Shopping and dining options along Liberty Avenue, as well as P.S. 62, are within walking distance.
Key Highlights
- Detached building configured for two families
- Built in 1900
- Laminate flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,098
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
$662.0K
Cap Rate 7%
$472,829
$472.8K
Cap Rate 9%
$367,756
$367.8K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$62.6K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$60.2K $44.44/SF
− OpEx
−$27.1K −$20.00/SF
NOI
$33.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
Cap Rate 7%
$472,829
Cap Rate 9%
$367,756
Alternative Uses
Best Use
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,098 @ 7.0% cap · market cap 3.99%
Second Best
Multifamily LT 5
$320.2K
$280.1K – $373.5K
NOI $22,411 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,873 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Laminate flooring and access to local bus service and the A train support the property's residential setup.
Where is this duplex located?
The property is located at 101-11 107th Street Queens, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Detached building configured for two families; Built in 1900; Laminate flooring throughout
