Duplex with
For Sale
$739,000
10440 89th Avenue, Richmond Hill, NY 11418
A private yard, shed, and one-car garage provide outdoor space and additional storage.
Property Size1,344 SF
Price / SF$549.85
Days on Market191
Property Features for 10440 89th Avenue
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,067
Amenities
private yard
shed
Eat-in Kitchen
Open Kitchen
Primary Bathroom
Washer/Dryer Hookup
Building Details
Building Size
1,344 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Jose A. Velez
(646) 457-0613
Source:
Clairedleone
Added: Apr 16
Changed: Oct 23
Last Checked: Oct 23 at 5:51PM
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 Keller Williams Realty NYC Grp
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Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex, built in 1920, has three bedrooms and 1.5 bathrooms. The property includes a one-car garage with additional storage, along with a private yard and a shed suited to storage or workspace.
Key Highlights
- 1,344 square feet; built in 1920
- Three bedrooms and 1.5 bathrooms
- One‑car garage with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,853
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,060
$657.1K
Cap Rate 7%
$469,329
$469.3K
Cap Rate 9%
$365,033
$365.0K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$62.1K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$59.7K $44.44/SF
− OpEx
−$26.9K −$20.00/SF
NOI
$32.9K $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%
$657,060
Cap Rate 7%
$469,329
Cap Rate 9%
$365,033
Alternative Uses
Best Use
Apartment 5plus
$469.3K
$410.7K – $547.6K
NOI $32,853 @ 7.0% cap · market cap 4.45%
Second Best
Multifamily LT 5
$317.8K
$278.1K – $370.8K
NOI $22,245 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$990.8K
$867.0K – $1.16M
NOI $69,357 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,442
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A private yard, shed, and one-car garage provide outdoor space and additional storage.
Where is this duplex located?
The property is located at 10440 89th Avenue Richmond Hill, NY.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 1,344 square feet; built in 1920; Three bedrooms and 1.5 bathrooms; One‑car garage with additional storage
