Custom Duplex with Corner
For Sale
$1,689,000
Pending
11620 194th Street, Saint Albans, NY 11412
MULTI_FAMILY - Saint Albans, NY
Property Size5,200 SF
Lot Size0.14 Acres
Days on Market283
Property Features for 11620 194th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 2, Basement, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 5
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Chefs Kitchen, Granite Counters, Primary Bathroom, Recessed Lighting, Sound System, Washer/Dryer Hookup
Basement
Finished
Standard status
Pending
APN
11061-0035
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6083
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
Brick
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Added: Nov 6, 2025
Changed: Aug 1
Last Checked: Aug 16 at 2:06PM
MLS# 933116
Copyright © 2026 OneKey MLS. 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.
Custom built two-family duplex in Saint Albans featuring brick construction and approximately 5,200 square feet of living space. The home sits on a 60x100 corner lot with a wide private driveway, a two-car garage, and outdoor yard space.
Inside, both units are set up with open concept living and dining areas designed for entertaining. The property includes a high-ceiling full finished basement and the interior is described with recessed lighting, central HVAC systems throughout, and forced air heating with central air conditioning. Finishes and features include brand new select wide oak wood flooring, a chefs kitchen with granite counters and floor-to-ceiling custom cabinetry, stainless steel appliances, and an island with bar stool seating. Interior details also include multiple bedrooms and bathrooms, with washer/dryer hookup and sound system capability listed among the interior features.
The duplex is configured as a 4 bedroom 3 bath rental unit and a 4 bedroom 3 bath owners unit, with a tiled shared bathroom described for the additional bedrooms and an en suite primary bathroom with spa-like finishes.
Inside, both units are set up with open concept living and dining areas designed for entertaining. The property includes a high-ceiling full finished basement and the interior is described with recessed lighting, central HVAC systems throughout, and forced air heating with central air conditioning. Finishes and features include brand new select wide oak wood flooring, a chefs kitchen with granite counters and floor-to-ceiling custom cabinetry, stainless steel appliances, and an island with bar stool seating. Interior details also include multiple bedrooms and bathrooms, with washer/dryer hookup and sound system capability listed among the interior features.
The duplex is configured as a 4 bedroom 3 bath rental unit and a 4 bedroom 3 bath owners unit, with a tiled shared bathroom described for the additional bedrooms and an en suite primary bathroom with spa-like finishes.
Key Highlights
- Approximately 5,200 sq ft two‑family duplex with high‑ceiling full finished basement
- 60x100 corner lot with wide private driveway and two‑car garage
- Brick construction and central HVAC systems throughout
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
$127,111
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
7.53%
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%
$2,542,220
$2.5M
Cap Rate 7%
$1,815,871
$1.8M
Cap Rate 9%
$1,412,344
$1.4M
Market Conditions
NOI Build-Up for 5,200 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
$240.2K $46.20/SF
− Vacancy
−$9.1K −$1.76/SF
EGI
$231.1K $44.44/SF
− OpEx
−$104.0K −$20.00/SF
NOI
$127.1K $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 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%
$2,542,220
Cap Rate 7%
$1,815,871
Cap Rate 9%
$1,412,344
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,111 @ 7.0% cap · market cap 7.53%
Second Best
Multifamily LT 5
$1.23M
$1.08M – $1.43M
NOI $86,068 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,345 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,372
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
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 - Brick two-family duplex with central air, forced-air heat, and a private driveway plus two-car garage on a corner lot.
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: Approximately 5,200 sq ft two‑family duplex with high‑ceiling full finished basement; 60x100 corner lot with wide private driveway and two‑car garage; Brick construction and central HVAC systems throughout
