Detached Duplex with Finished
New
For Sale
$779,000
107-44 108th Street, Richmond Hill, NY 11419
SINGLE_FAMILY - Richmond Hill, NY
Property Size1,216 SF
Lot Size0.06 Acres
Price / SF$640.63
Days on Market2
Property Features for 107-44 108th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4A
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Garage - Detached
Interior features
A/C Unit, Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Washer
Basement
Full
Subdivision
Richmond Hill
Standard status
Active
Size
1,216 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5635
Amenities
enclosed front porch
private rear yard
separate laundry room
original hardwood floors
Building Details
Year built
1935
Flooring type
Hardwood, Tile
Architectural style
Other
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 3:06PM
MLS# 503502
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached duplex offers 1,216 square feet with three bedrooms, hardwood and tile flooring, and a functional multi-level layout. The main living areas include a living room, formal dining room, eat-in kitchen, enclosed front porch, and updated roof and siding. A separate basement entrance opens to finished recreation or family space, along with laundry, storage, and an additional bathroom. Appliances include a dishwasher, refrigerator, stove, washer, and dryer.
The property occupies 0.0551 acres and includes a private rear yard, driveway, and detached one-car garage. Built in 1935, it is zoned R4A and located in Richmond Hill, Queens. Transportation access includes the A subway line at 111th Street, nearby J/Z service, MTA bus routes, the Van Wyck Expressway, and the Jackie Robinson Parkway. JFK International Airport and Resorts World Casino are also nearby.
The property occupies 0.0551 acres and includes a private rear yard, driveway, and detached one-car garage. Built in 1935, it is zoned R4A and located in Richmond Hill, Queens. Transportation access includes the A subway line at 111th Street, nearby J/Z service, MTA bus routes, the Van Wyck Expressway, and the Jackie Robinson Parkway. JFK International Airport and Resorts World Casino are also nearby.
Key Highlights
- 1,216 SF detached duplex with three bedrooms
- 0.0551‑acre lot with private rear yard
- Finished basement with separate entrance, laundry, storage, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,480
$594.5K
Cap Rate 7%
$424,629
$424.6K
Cap Rate 9%
$330,267
$330.3K
Market Conditions
NOI Build-Up for 1,216 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.2K $46.20/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$54.0K $44.44/SF
− OpEx
−$24.3K −$20.00/SF
NOI
$29.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$594,480
Cap Rate 7%
$424,629
Cap Rate 9%
$330,267
Alternative Uses
Best Use
Apartment 5plus
$424.6K
$371.6K – $495.4K
NOI $29,724 @ 7.0% cap · market cap 3.82%
Second Best
Multifamily LT 5
$287.5K
$251.6K – $335.5K
NOI $20,127 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$896.4K
$784.4K – $1.05M
NOI $62,751 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,751
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom home with hardwood floors, updated exterior components, private driveway, and detached garage.
Where is this duplex located?
The property is located at 107-44 108th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 1,216 SF detached duplex with three bedrooms; 0.0551‑acre lot with private rear yard; Finished basement with separate entrance, laundry, storage, and bathroom
