Duplex with Finished
10526 131st Street, South Richmond Hill, NY 11419
For Sale
$975,000
Two separate residences provide distinct living areas, and the basement has its own entrance.
Property Size1,600 SF
Price / SF$609.38
Days on Market30
Property Features for 10526 131st Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Property Professionals Realty
(516) 605-2700
Listed By:
Manada Singh
(917) 660-3454
Source:
Clairedleone
Added: Oct 10
Changed: Nov 7
Last Checked: Nov 7 at 2:06PM
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 Property Professionals Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residences. The first-floor unit has two bedrooms, an eat-in kitchen, a living room and a bathroom. Upstairs, the second unit includes two bedrooms, a living room, a kitchen and a finished attic with two additional rooms. A finished basement with a separate entrance adds further space. The property also includes a garage and private parking.
The sewer line is new, the roof is two years old, and the boiler is less than five years old. Shopping areas, schools, religious places, airports and transportation are nearby.
The sewer line is new, the roof is two years old, and the boiler is less than five years old. Shopping areas, schools, religious places, airports and transportation are nearby.
Key Highlights
- Two residences: first‑floor unit with two bedrooms and second‑floor unit with two bedrooms plus two finished‑attic rooms
- Finished basement with a separate entrance
- Garage and private parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,111
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,220
$782.2K
Cap Rate 7%
$558,729
$558.7K
Cap Rate 9%
$434,567
$434.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$73.9K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$71.1K $44.44/SF
− OpEx
−$32.0K −$20.00/SF
NOI
$39.1K $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%
$782,220
Cap Rate 7%
$558,729
Cap Rate 9%
$434,567
Alternative Uses
Best Use
Apartment 5plus
$558.7K
$488.9K – $651.9K
NOI $39,111 @ 7.0% cap · market cap 4.01%
Second Best
Multifamily LT 5
$378.3K
$331.0K – $441.4K
NOI $26,483 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,568 @ 7.0% cap · market cap 8.47%
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
2,287
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
Properties on Market for Duplexes in South Richmond Hill
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide distinct living areas, and the basement has its own entrance.
Where is this duplex located?
The property is located at 10526 131st Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two residences: first‑floor unit with two bedrooms and second‑floor unit with two bedrooms plus two finished‑attic rooms; Finished basement with a separate entrance; Garage and private parking
