3-Unit Triplex with Finished
102-42 86th Road, Richmond Hill, NY 11418
For Sale
$1,498,000
Pending
The vacant property has separate utility meters and mechanical systems serving its three residential units.
Property Size3,300 SF
Lot Size0.08 Acres
Days on Market8
Property Features for 102-42 86th Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
backyard
Finished,Full
6
No
Yes
8
Other
Finished, Full
Shared Driveway
3300
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Schunk Realty Group
(914) 788-6339
Listed By:
William Schunk
(914) 954-1178
Source:
Schunkrealtygroup
Added: Nov 7
Changed: Nov 13
Last Checked: Nov 13 at 4:43PM
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 Schunk Realty Group
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.
Built in 2008, this 3,300-square-foot brick triplex comprises three above-grade stories and a finished full basement. The first-floor unit has 2 bedrooms and 2 bathrooms; the second- and third-floor units each have 3 bedrooms and 2 bathrooms. Hardwood floors extend throughout the home. The property is vacant and includes 4 electric meters, 3 gas meters, 3 water heaters, and 3 heating furnaces.
The lot measures 35.17 by 100 feet, with a building footprint of 24 by 46 feet. A shared driveway serves the property, and the backyard can accommodate up to 3 parked cars. The subway station is one block away, with supermarkets and shops adjacent to the property. Flushing is a 20-minute drive.
The lot measures 35.17 by 100 feet, with a building footprint of 24 by 46 feet. A shared driveway serves the property, and the backyard can accommodate up to 3 parked cars. The subway station is one block away, with supermarkets and shops adjacent to the property. Flushing is a 20-minute drive.
Key Highlights
- Three units: one with 2 bedrooms and 2 bathrooms; two with 3 bedrooms and 2 bathrooms each
- 3,300‑square‑foot brick building, built in 2008, with finished full basement
- Lot measures 35.17 by 100 feet; building footprint is 24 by 46 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,546
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,920
$1.6M
Cap Rate 7%
$1,164,943
$1.2M
Cap Rate 9%
$906,067
$906.1K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$126.7K $38.40/SF
− Vacancy
−$10.2K −$3.10/SF
EGI
$116.5K $35.30/SF
− OpEx
−$34.9K −$10.59/SF
NOI
$81.5K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,920
Cap Rate 7%
$1,164,943
Cap Rate 9%
$906,067
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,546 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,667 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,296 @ 7.0% cap · market cap 11.37%
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
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The vacant property has separate utility meters and mechanical systems serving its three residential units.
Where is this triplex located?
The property is located at 102-42 86th Road Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Three units: one with 2 bedrooms and 2 bathrooms; two with 3 bedrooms and 2 bathrooms each; 3,300‑square‑foot brick building, built in 2008, with finished full basement; Lot measures 35.17 by 100 feet; building footprint is 24 by 46 feet
