Residential Income
For Sale
$889,990
104-50 118th Street, Richmond Hill, NY 11419
The property includes an eat-in kitchen, a finished full basement with walk-out access, and a driveway.
Property Size1,368 SF
Days on Market10
Property Features for 104-50 118th Street
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,516
Amenities
Natural Gas
Finished, Full, Walk-Out Access
Eat-in Kitchen
Driveway
Building Details
Building Size
1,368 SF
Year Built
1920
Listing Agency:
RE/MAX SOUTHSHOREREALTY
Listed By:
Laxshmi Sookraj-Mohamed
(516) 444-1423
Source:
Evrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 28 at 8:14AM
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 RE/MAX SOUTHSHOREREALTY
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 residential income property was built in 1920. Interior features include an eat-in kitchen and a finished full basement with walk-out access. Natural gas service is also listed, and the exterior includes a driveway.
The property is at 104-50 118th Street in Queens. Access is described via Liberty Avenue to 118th Street.
The property is at 104-50 118th Street in Queens. Access is described via Liberty Avenue to 118th Street.
Key Highlights
- Built in 1920
- Finished full basement with walk‑out access
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,440
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,800
$668.8K
Cap Rate 7%
$477,714
$477.7K
Cap Rate 9%
$371,556
$371.6K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$63.2K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$60.8K $44.44/SF
− OpEx
−$27.4K −$20.00/SF
NOI
$33.4K $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%
$668,800
Cap Rate 7%
$477,714
Cap Rate 9%
$371,556
Alternative Uses
Best Use
Apartment 5plus
$477.7K
$418.0K – $557.3K
NOI $33,440 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$882.4K – $1.18M
NOI $70,595 @ 7.0% cap · market cap 7.93%
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
Location Intelligence
Trade Area within ½ mile
3,229
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
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The property includes an eat-in kitchen, a finished full basement with walk-out access, and a driveway.
Where is this residential income property located?
The property is located at 104-50 118th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $889,990.
What are key features of this property?
This property features: Built in 1920; Finished full basement with walk‑out access; Eat‑in kitchen
