Detached Duplex with
For Sale
$1,398,000
Pending
103-22 123rd Street, Richmond Hill, NY 11419
Residential Income, Richmond Hill, NY
Property Size2,640 SF
Lot Size0.09 Acres
Days on Market142
Property Features for 103-22 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 3, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 7, Bedroom 9, Bedroom 5, Bathroom 2, Bedroom 10, Bedroom 1
Parking features
Driveway, Garage
Interior features
Eat-in Kitchen
Basement
Finished, Full
Elementary school
Ps 108 Capt Vincent G Fowler
Middle school
Jhs 226 Virgil I Grisson
High school
Richmond Hill High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Pending
APN
09559-0018
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9983
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1915
Number of units
2
Building materials
Vinyl Siding
Buildings
1
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Mitra Hakimi
(718) 268-5588
Added: Jun 9
Changed: Oct 25
Last Checked: Oct 28 at 6:06PM
MLS# 1009318
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached duplex is arranged across three above-grade levels with a finished basement. The first-floor residence includes a porch, living room, three bedrooms, an eat-in kitchen, and a full bathroom. The second-floor residence offers four bedrooms, an eat-in kitchen, a living room, a full bathroom, and a private balcony. Additional third-floor space includes three bedrooms, a sitting area, and a full bathroom. The finished basement adds a recreation room, two rooms, a full bathroom, and a boiler area.
The property occupies a 3,990-square-foot lot and includes approximately 2,640 square feet of building area, along with approximately 813 square feet of finished basement space. A two-car garage and driveway provide parking for multiple vehicles. The exterior includes front and rear yard areas, while public water, public sewer, and natural gas service are present. Subway and bus transportation, houses of worship, and the Liberty Avenue shopping corridor are nearby.
The property occupies a 3,990-square-foot lot and includes approximately 2,640 square feet of building area, along with approximately 813 square feet of finished basement space. A two-car garage and driveway provide parking for multiple vehicles. The exterior includes front and rear yard areas, while public water, public sewer, and natural gas service are present. Subway and bus transportation, houses of worship, and the Liberty Avenue shopping corridor are nearby.
Key Highlights
- Detached two‑family property on a 35x114 lot
- Approximately 2,640 square feet of building area
- Three‑bedroom first‑floor apartment and four‑bedroom second‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,533
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,290,660
$1.3M
Cap Rate 7%
$921,900
$921.9K
Cap Rate 9%
$717,033
$717.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$122.0K $46.20/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$117.3K $44.44/SF
− OpEx
−$52.8K −$20.00/SF
NOI
$64.5K $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%
$1,290,660
Cap Rate 7%
$921,900
Cap Rate 9%
$717,033
Alternative Uses
Best Use
Apartment 5plus
$921.9K
$806.7K – $1.08M
NOI $64,533 @ 7.0% cap · market cap 4.62%
Second Best
Multifamily LT 5
$624.2K
$546.2K – $728.3K
NOI $43,696 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,237 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,057
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three levels plus a finished basement provide flexible residential space with multiple bedrooms, outdoor areas, and vehicle storage.
Where is this duplex located?
The property is located at 103-22 123rd Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Detached two‑family property on a 35x114 lot; Approximately 2,640 square feet of building area; Three‑bedroom first‑floor apartment and four‑bedroom second‑floor apartment
