Renovated Duplex
For Sale
$999,999
101-12 108th Street, South Richmond Hill, NY 11419
Two bedroom layouts are complemented by finished basement space with a separate entrance, kitchen, and bathroom.
Property Size1,536 SF
Price / SF$651.04
Days on Market40
Property Features for 101-12 108th Street
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
first-floor unit: 2 bedrooms, full kitchen, full bathroom, upper duplex: 2 bedrooms, full kitchen, full bathroom
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,793
Amenities
First Floor Bedroom
First Floor Full Bath
Built-in Features
High Ceilings
High Speed Internet
Kitchen Island
Marble Counters
Open Floorplan
Open Kitchen
Recessed Lighting
Walk Through Kitchen
Washer/Dryer Hookup
Building Details
Building Size
1,536 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Landmark Elite Homes Corp
(347) 569-5176
Listed By:
Lemae Mays
(347) 277-5677
Source:
Halknopfrealty
Added: Sep 16
Changed: Oct 24
Last Checked: Oct 24 at 2:36PM
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 Landmark Elite Homes Corp
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Investment Insights
Based on property information with market context.
This 1,536 SF duplex property, built in 1920, has been renovated and includes two primary living areas. The first-floor unit has two bedrooms, a full kitchen, and a full bathroom. The upper duplex has two bedrooms, a kitchen, and a full bathroom on its main level, with recreation and storage space above. A finished basement adds recreation or extended-living space, along with a separate entrance, kitchen, and full bathroom.
The property also includes a shared driveway and garage for storage. Local bus and train service, shopping, neighborhood amenities, and the Van Wyck Expressway are accessible from the Richmond Hill location.
The property also includes a shared driveway and garage for storage. Local bus and train service, shopping, neighborhood amenities, and the Van Wyck Expressway are accessible from the Richmond Hill location.
Key Highlights
- 1,536 SF property built in 1920
- First‑floor unit with 2 bedrooms, a full kitchen, and a full bathroom
- Upper duplex with 2 bedrooms, a kitchen, and a full bathroom on its main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,547
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,940
$750.9K
Cap Rate 7%
$536,386
$536.4K
Cap Rate 9%
$417,189
$417.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$71.0K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.3K $44.44/SF
− OpEx
−$30.7K −$20.00/SF
NOI
$37.5K $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%
$750,940
Cap Rate 7%
$536,386
Cap Rate 9%
$417,189
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,547 @ 7.0% cap · market cap 3.75%
Second Best
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.13M
$990.8K – $1.32M
NOI $79,265 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two bedroom layouts are complemented by finished basement space with a separate entrance, kitchen, and bathroom.
Where is this duplex located?
The property is located at 101-12 108th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1,536 SF property built in 1920; First‑floor unit with 2 bedrooms, a full kitchen, and a full bathroom; Upper duplex with 2 bedrooms, a kitchen, and a full bathroom on its main level
