Two-Unit Duplex with Detached
101-41 117th Street, South Richmond Hill, NY 11419
For Sale
$1,124,888
Two separate living areas each have a kitchen and full bathroom, with off-street parking and a rear garage.
Property Size1,700 SF
Lot Size0.05 Acres
Price / SF$661.70
Days on Market55
Property Features for 101-41 117th Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
detached garage
private driveway
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
JAGGI Real Estate
(516) 440-4509
Listed By:
Rahul Jaggi
(516) 996-3633
Source:
Croninreale
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 7 at 6:35PM
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 JAGGI Real Estate
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Investment Insights
Based on property information with market context.
Configured as two living areas, the duplex has a three-bedroom, one-bath unit with a living room and kitchen, and a second unit with two bedrooms, one bathroom, a living area, and its own kitchen. A finished carpeted upper level offers flexible space, while the finished lower level includes walk-out access. Interior finishes include hardwood and marble-look tile flooring, updated light fixtures, and kitchens with stainless steel appliances. Natural gas heat serves the property, which connects to public water and sewer.
A private concrete driveway leads to a detached garage at the rear. The property is in Queens Community District 27, near public transit, JFK, a 24-hour supermarket, shopping, and local parks. Built in 1920, the duplex offers two separate kitchen-equipped living areas alongside finished upper and lower levels.
A private concrete driveway leads to a detached garage at the rear. The property is in Queens Community District 27, near public transit, JFK, a 24-hour supermarket, shopping, and local parks. Built in 1920, the duplex offers two separate kitchen-equipped living areas alongside finished upper and lower levels.
Key Highlights
- Two living areas: one with 3 bedrooms and one with 2 bedrooms
- Each living area has a kitchen and full bathroom
- Finished upper level and walk‑out lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,556
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,120
$831.1K
Cap Rate 7%
$593,657
$593.7K
Cap Rate 9%
$461,733
$461.7K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$78.5K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$75.6K $44.44/SF
− OpEx
−$34.0K −$20.00/SF
NOI
$41.6K $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%
$831,120
Cap Rate 7%
$593,657
Cap Rate 9%
$461,733
Alternative Uses
Best Use
Apartment 5plus
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 3.69%
Second Best
Multifamily LT 5
$402.0K
$351.7K – $469.0K
NOI $28,138 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,728 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,754
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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Market
Properties on Market for Duplexes in South Richmond Hill
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas each have a kitchen and full bathroom, with off-street parking and a rear garage.
Where is this duplex located?
The property is located at 101-41 117th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,124,888.
What are key features of this property?
This property features: Two living areas: one with 3 bedrooms and one with 2 bedrooms; Each living area has a kitchen and full bathroom; Finished upper level and walk‑out lower level
