Two-Unit Duplex with Finished
For Sale
$1,689,000
Pending
11620 194th Street, Saint Albans, NY 11412
Two four-bedroom, three-bath residences offer generous living space, complemented by a finished basement.
Property Size5,280 SF
Lot Size0.14 Acres
Days on Market9
Property Features for 11620 194th Street
General Information
Standard status
Pending
Size
5,280 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,083
Amenities
Finished
5
Yes
8
First Floor Bedroom,First Floor Full Bath,Chefs Kitchen,Granite Counters,Primary Bathroom,Recessed Lighting,Sound System,Washer/Dryer Hookup
Public
No
Driveway, Garage, Private
5280
Building Details
Building Size
5,280 SF
Year Built
1925
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:09PM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
This 5,280-square-foot duplex contains two residences, each configured with four bedrooms and three bathrooms. The property also includes a full finished basement with high ceilings, central HVAC, wide oak flooring, recessed lighting, and a two-car garage with a private driveway. Built in 1925, it occupies a 60-by-100-foot corner lot with yard space.
Located in Saint Albans, the property is near Linden Boulevard, Farmers Boulevard, Murdock Avenue, and Francis Lewis Boulevard. Schools, shopping centers, restaurants, cafes, and parks are described as nearby, with major transportation also accessible in the area.
Located in Saint Albans, the property is near Linden Boulevard, Farmers Boulevard, Murdock Avenue, and Francis Lewis Boulevard. Schools, shopping centers, restaurants, cafes, and parks are described as nearby, with major transportation also accessible in the area.
Key Highlights
- 5,280 square feet across two residences
- Both residences have four bedrooms and three bathrooms
- 60‑by‑100‑foot corner lot with yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,067
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,581,340
$2.6M
Cap Rate 7%
$1,843,814
$1.8M
Cap Rate 9%
$1,434,078
$1.4M
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$243.9K $46.20/SF
− Vacancy
−$9.3K −$1.76/SF
EGI
$234.7K $44.44/SF
− OpEx
−$105.6K −$20.00/SF
NOI
$129.1K $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%
$2,581,340
Cap Rate 7%
$1,843,814
Cap Rate 9%
$1,434,078
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $129,067 @ 7.0% cap · market cap 7.64%
Second Best
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,393 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,473 @ 7.0% cap · market cap 16.13%
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
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
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 - Two four-bedroom, three-bath residences offer generous living space, complemented by a finished basement.
Where is this duplex located?
The property is located at 11620 194th Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: 5,280 square feet across two residences; Both residences have four bedrooms and three bathrooms; 60‑by‑100‑foot corner lot with yard space
