2-Family Colonial
New
For Sale
$979,000
10530 Van Wyck Expressway, South Richmond Hill, NY 11419
Separate living areas, updated kitchens and bathrooms, and a finished basement with its own exterior entrance support the two-family layout.
Property Size1,453 SF
Price / SF$673.78
Days on Market5
Property Features for 10530 Van Wyck Expressway
General Information
Standard status
Active
Size
1,453 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,023
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
1,453 SF
Year Built
1920
Buildings
1
Units
2
Construction
Colonial
Listing Agency:
BH&G R E Realty Connect
Listed By:
Jaswinder Singh
(718) 831-1230
Source:
Georgemcknight
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 BH&G R E Realty Connect
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Investment Insights
Based on property information with market context.
This legal two-family Colonial in Richmond Hill has five bedrooms, three full bathrooms, and separate living spaces. Updated kitchens and bathrooms accompany a finished basement with a separate outside entrance. The property also includes a two-car garage, updated windows, and updated electric service; the roof is approximately nine years old.
Shopping, restaurants, schools, parks, and public transportation are nearby.
Shopping, restaurants, schools, parks, and public transportation are nearby.
Key Highlights
- Legal two‑family Colonial with separate living spaces
- Five bedrooms and three full bathrooms
- Finished basement with a separate outside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,518
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,360
$710.4K
Cap Rate 7%
$507,400
$507.4K
Cap Rate 9%
$394,644
$394.6K
Market Conditions
NOI Build-Up for 1,453 SF
Gross rent
$67.1K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$64.6K $44.44/SF
− OpEx
−$29.1K −$20.00/SF
NOI
$35.5K $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%
$710,360
Cap Rate 7%
$507,400
Cap Rate 9%
$394,644
Alternative Uses
Best Use
Apartment 5plus
$507.4K
$444.0K – $592.0K
NOI $35,518 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$343.6K
$300.6K – $400.8K
NOI $24,049 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.07M
$937.3K – $1.25M
NOI $74,982 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,309
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas, updated kitchens and bathrooms, and a finished basement with its own exterior entrance support the two-family layout.
Where is this duplex located?
The property is located at 10530 Van Wyck Expressway South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Legal two‑family Colonial with separate living spaces; Five bedrooms and three full bathrooms; Finished basement with a separate outside entrance
