Two-Family Detached
For Sale
$1,099,000
10749 131st Street, Richmond Hill, NY 11419
The property includes a private driveway and offers access to nearby daily services and bus routes.
Property Size1,584 SF
Price / SF$693.81
Days on Market18
Property Features for 10749 131st Street
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,767
Amenities
private driveway
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Formal Dining
Building Details
Building Size
1,584 SF
Year Built
1925
Units
2
Listing Agency:
Action Sibadan Real Estate
(718) 843-6200
Listed By:
Dharam R. Sibadan
Source:
Croninreale
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 5:04PM
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 Action Sibadan Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached two-family property contains 1,584 square feet and was built in 1925. Its private driveway provides on-site vehicle access.
Liberty Avenue, a supermarket, a laundromat, a place of worship, and bus service are nearby.
Liberty Avenue, a supermarket, a laundromat, a place of worship, and bus service are nearby.
Key Highlights
- Detached two‑family property
- 1,584 square feet of building area
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,720
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,400
$774.4K
Cap Rate 7%
$553,143
$553.1K
Cap Rate 9%
$430,222
$430.2K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$73.2K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.4K $44.44/SF
− OpEx
−$31.7K −$20.00/SF
NOI
$38.7K $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 Rate 5%
$774,400
Cap Rate 7%
$553,143
Cap Rate 9%
$430,222
Alternative Uses
Best Use
Apartment 5plus
$553.1K
$484.0K – $645.3K
NOI $38,720 @ 7.0% cap · market cap 3.52%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,742 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,126
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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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 - The property includes a private driveway and offers access to nearby daily services and bus routes.
Where is this duplex located?
The property is located at 10749 131st Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Detached two‑family property; 1,584 square feet of building area; Built in 1925
