Apartment Building with
101-64 123 Street, South Richmond Hill, NY 11419
For Sale
$1,980,000
The property includes a driveway, parking lot, and wall/window air-conditioning units.
Property Size3,265 SF
Days on Market85
Property Features for 101-64 123 Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Wall/Window Unit(s)
Hot Water
Finished
Eat-in Kitchen
Driveway, Garage, Parking Lot
Building Details
Building Size
Year Built
Listing Agency:
Winzone Realty Inc
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Evrealestate
Added: Aug 17
Changed: Nov 2
Last Checked: Nov 8 at 6:26AM
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 Winzone Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment building at 101-64 123 Street in Richmond Hill S., Queens, was built in 1965. Interior features include wall/window units, hot water, finished space, and an eat-in kitchen. Exterior parking improvements include a driveway, garage, and parking lot.
Directions reference exit 5 on 495 Highway.
Directions reference exit 5 on 495 Highway.
Key Highlights
- Apartment building constructed in 1965
- Driveway, garage, and parking lot
- Wall/window units and hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,811
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,220
$1.6M
Cap Rate 7%
$1,140,157
$1.1M
Cap Rate 9%
$886,789
$886.8K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$150.8K $46.20/SF
− Vacancy
−$5.7K −$1.76/SF
EGI
$145.1K $44.44/SF
− OpEx
−$65.3K −$20.00/SF
NOI
$79.8K $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%
$1,596,220
Cap Rate 7%
$1,140,157
Cap Rate 9%
$886,789
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,811 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,490 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,918
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
$678,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Queens County, NY
Properties on Market for Apartment buildings in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes a driveway, parking lot, and wall/window air-conditioning units.
Where is this apartment building located?
The property is located at 101-64 123 Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Apartment building constructed in 1965; Driveway, garage, and parking lot; Wall/window units and hot water
