Semi-Attached Duplex with
New
For Sale
$850,000
115-15 95th Avenue, South Richmond Hill, NY 11419
Two-unit residential property with a full basement and access to transportation, shopping, dining, parks, and schools.
Property Size2,012 SF
Price / SF$422.47
Days on Market4
Property Features for 115-15 95th Avenue
General Information
Standard status
Active
Size
2,012 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,287
Building Details
Building Size
2,012 SF
Year Built
1915
Listing Agency:
Island Advantage Realty LLC
(631) 351-6000
Listed By:
Todd A. Yovino · License #49YO0956714
Source:
Cbwarburg
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:00AM
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 Island Advantage Realty LLC
Investment Insights
Based on property information with market context.
This semi-attached duplex contains two residential units with a total of 5 bedrooms and 3 full bathrooms. The property includes a full basement, party driveway, and detached garage, creating a practical configuration for residential occupancy. Built in 1915, the home is located at 115-15 95th Avenue in Richmond Hill S., NY 11419.
The surrounding area provides access to transportation, stores, eateries, parks, schools, and other area conveniences. The combination of two-unit layout, basement space, driveway, and detached garage defines the property's existing physical profile.
The surrounding area provides access to transportation, stores, eateries, parks, schools, and other area conveniences. The combination of two-unit layout, basement space, driveway, and detached garage defines the property's existing physical profile.
Key Highlights
- Two‑unit semi‑attached duplex
- 5 bedrooms and 3 full bathrooms
- Full basement included
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
$49,182
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
5.79%
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%
$983,640
$983.6K
Cap Rate 7%
$702,600
$702.6K
Cap Rate 9%
$546,467
$546.5K
Market Conditions
NOI Build-Up for 2,012 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
$93.0K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.4K $44.44/SF
− OpEx
−$40.2K −$20.00/SF
NOI
$49.2K $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%
$983,640
Cap Rate 7%
$702,600
Cap Rate 9%
$546,467
Alternative Uses
Best Use
Apartment 5plus
$702.6K
$614.8K – $819.7K
NOI $49,182 @ 7.0% cap · market cap 5.79%
Second Best
Multifamily LT 5
$475.7K
$416.3K – $555.0K
NOI $33,302 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,829 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,385
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 - Two-unit residential property with a full basement and access to transportation, shopping, dining, parks, and schools.
Where is this duplex located?
The property is located at 115-15 95th Avenue South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit semi‑attached duplex; 5 bedrooms and 3 full bathrooms; Full basement included
