Two-Unit Duplex with Bonus
For Sale
$799,999
Pending
10492 129th St, South Richmond Hill, NY 11419
Two-family residence with separate living areas, kitchens, and an unfinished basement with exterior access.
Property Size1,680 SF
Days on Market226
Property Features for 10492 129th St
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Bharti Verma rpfeffer@crrli.net
Source:
Searchhomesinlongisland
Added: Mar 17
Changed: Oct 25
Last Checked: Oct 28 at 8:20AM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1925, contains two residential units with distinct layouts. The first-floor unit includes one bedroom, a living room, an eat-in kitchen, and a bonus room suitable for office or flexible-use space. The second-floor unit provides two bedrooms and a full kitchen.
An unfinished basement adds usable storage or workspace potential and connects to the exterior through a separate entrance. The property is located at 10492 129th St in Richmond Hill S., with shops, restaurants, and public transportation identified nearby.
An unfinished basement adds usable storage or workspace potential and connects to the exterior through a separate entrance. The property is located at 10492 129th St in Richmond Hill S., with shops, restaurants, and public transportation identified nearby.
Key Highlights
- 1,680‑square‑foot duplex with two residential units
- Built in 1925
- First‑floor unit includes 1 bedroom, living room, eat‑in kitchen, and bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,067
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,340
$821.3K
Cap Rate 7%
$586,671
$586.7K
Cap Rate 9%
$456,300
$456.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$77.6K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.7K $44.44/SF
− OpEx
−$33.6K −$20.00/SF
NOI
$41.1K $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%
$821,340
Cap Rate 7%
$586,671
Cap Rate 9%
$456,300
Alternative Uses
Best Use
Apartment 5plus
$586.7K
$513.3K – $684.5K
NOI $41,067 @ 7.0% cap · market cap 5.13%
Second Best
Multifamily LT 5
$397.2K
$347.6K – $463.5K
NOI $27,807 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,696 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,713
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 - Two-family residence with separate living areas, kitchens, and an unfinished basement with exterior access.
Where is this duplex located?
The property is located at 10492 129th St South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 1,680‑square‑foot duplex with two residential units; Built in 1925; First‑floor unit includes 1 bedroom, living room, eat‑in kitchen, and bonus room
