Two-Family Home with Detached
111 Wahl Avenue Inwood, NY 11096
111 Wahl Avenue, Inwood, NY, 11096
$1,200,000
For Sale
$1,200,000
Two-family residence on an oversized lot with a detached garage, currently used as residential within a business district.
Property Size2,124 SF
Price / SF$564.97
Days on Market44
Property Features for 111 Wahl Avenue
General Information
- Standard status
- Active
- Size
- 2,124 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1918
Listing agency
Pin It Realty LLC
(516) 239-7940
Listed by
Pinchus Heskiel
(516) 239-7940
Source
Compass
Added: Jun 9 Updated: Jul 21 at 6:59PM Checked: Jul 22 at 6:51AM
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 Pin It Realty LLC
Investment Insights
Based on property information with market context.
This two-family property includes a well-maintained two-family home and an impressive detached garage of approximately 1,200 square feet. The garage can support a range of uses such as contractor storage, workshops, and vehicle parking, subject to local approvals. The home and outbuilding sit on an oversized 10,600+ square foot lot.
The property is located at 111 Wahl Avenue in Inwood, NY 11096, within a business district. Zoning is identified in the remarks as “X,” and the property is currently being used as residential.
Offered for sale as a versatile residential income asset with additional on-site garage space, the overall configuration supports both straightforward occupancy and potential site planning discussions, subject to applicable approvals.
The property is located at 111 Wahl Avenue in Inwood, NY 11096, within a business district. Zoning is identified in the remarks as “X,” and the property is currently being used as residential.
Offered for sale as a versatile residential income asset with additional on-site garage space, the overall configuration supports both straightforward occupancy and potential site planning discussions, subject to applicable approvals.
Key Highlights
- Two‑family residence currently used as residential in a Business District with X zoning
- Oversized 10,600+ sq. ft. lot
- Impressive 1,200 sq. ft. detached garage for contractor storage, workshops, vehicle parking, or business uses (subject to local approvals)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.1k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $94.4k | $44.44 |
| − OpEx | −$42.5k | −$20.00 |
| NOI | $51.9k | $24.44 |
2,124 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$741.7K
$649.0K – $865.3K
NOI $51,920 @ 7.0% cap · market cap 4.33%
Second Best
Multifamily LT 5
$502.2K
$439.5K – $585.9K
NOI $35,156 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,609 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence on an oversized lot with a detached garage, currently used as residential within a business district.
Where is this duplex located?
The property is located at 111 Wahl Avenue Inwood, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑family residence currently used as residential in a Business District with X zoning; Oversized 10,600+ sq. ft. lot; Impressive 1,200 sq. ft. detached garage for contractor storage, workshops, vehicle parking, or business uses (subject to local approvals)
