Detached Two-Family Home with
103-22 123rd Street Richmond Hill, NY 11419
For Sale
$1,398,000
Pending
MULTI_FAMILY - Richmond Hill, NY
Property Size2,640 SF
Lot Size0.09 Acres
Days on Market52
Property Features for 103-22 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
10
Bathrooms
3
Rooms
Bathroom 1, Bedroom 4, Basement, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 6
Parking features
Driveway, Garage
Interior features
Eat-in Kitchen
Basement
Full, Finished
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
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Mitra Hakimi · License #49HA1019118
(718) 268-5588
Added: Jun 9
Changed: Jul 28
Last Checked: Jul 30 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This detached two-family home is set on an oversized lot and offers substantial, multi-level living space. The first-floor apartment features a front porch, a spacious living room, three bedrooms, an eat-in kitchen, and a full bathroom. The second-floor apartment includes a living room, four bedrooms, an eat-in kitchen, a full bathroom, and a private balcony. Additional living space on the third floor provides three bedrooms, a sitting area, and a full bathroom. A fully finished basement adds strong bonus value with a large recreation room, two additional rooms, a full bathroom, and a dedicated boiler area.
Outside, the property offers a maintained front yard and a large backyard suited for everyday recreation or entertaining. Parking is abundant with a two-car garage plus a driveway accommodating multiple vehicles, vans, or trucks. The home is also positioned near public transportation options, houses of worship, and the Liberty Avenue shopping corridor.
Designed for buyers seeking a detached income property or flexible owner-occupant setup, the layout provides multiple units and levels with distinct rooms and bathrooms. With a substantial finished basement and garage parking, it can support a range of household needs while keeping day-to-day logistics manageable for tenants or occupants.
Outside, the property offers a maintained front yard and a large backyard suited for everyday recreation or entertaining. Parking is abundant with a two-car garage plus a driveway accommodating multiple vehicles, vans, or trucks. The home is also positioned near public transportation options, houses of worship, and the Liberty Avenue shopping corridor.
Designed for buyers seeking a detached income property or flexible owner-occupant setup, the layout provides multiple units and levels with distinct rooms and bathrooms. With a substantial finished basement and garage parking, it can support a range of household needs while keeping day-to-day logistics manageable for tenants or occupants.
Key Highlights
- Detached two‑family home with oversized 35x114 lot (3,990 SF) and building size 22x48 (approx. 2,640 SF)
- First‑floor apartment offers approx. 1,019 SF with 3 bedrooms, eat‑in kitchen, full bathroom, and front porch
- Second‑floor apartment spans approx. 1,106 SF with 4 bedrooms, eat‑in kitchen, full bathroom, and private balcony
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.0k | $46.20 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $117.3k | $44.44 |
| − OpEx | −$52.8k | −$20.00 |
| NOI | $64.5k | $24.44 |
2,640 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with multi-level living space, finished basement, and ample off-street parking.
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 home with oversized 35x114 lot (3,990 SF) and building size 22x48 (approx. 2,640 SF); First‑floor apartment offers approx. 1,019 SF with 3 bedrooms, eat‑in kitchen, full bathroom, and front porch; Second‑floor apartment spans approx. 1,106 SF with 4 bedrooms, eat‑in kitchen, full bathroom, and private balcony
