Residential Income Property with Covered
New
For Sale
$1,250,000
118-12 190th Street, Saint Albans, NY 11412
A finished basement, fenced backyard, and garden add practical space to the residence.
Property Size2,390 SF
Price / SF$523.01
Days on Market4
Property Features for 118-12 190th Street
General Information
Standard status
Active
Size
2,390 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,864
Amenities
covered patio
storage unit
Finished,Full
Hardwood
4
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Kitchen Island,Marble Counters,Natural Woodwork,Open Floorplan,Open Kitchen,Primary Bathroom,Stone Counters,Washer/Dryer Hookup
Finished, Full
Back Yard,Fenced,Full
Public
Driveway, Storage
Garden
Concrete Perimeter
2390
Building Details
Building Size
2,390 SF
Year Built
1925
Listing Agency:
Success King Realty
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:17AM
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 Success King Realty
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Investment Insights
Based on property information with market context.
This 2,390-square-foot residential property was built in 1925 and spans a basement and two upper levels. Interior features include hardwood flooring, a finished full basement, an open kitchen with an island, and a first-floor bedroom and full bath. The property also has three dishwashers and three split units.
Outside, the home includes a covered patio, storage unit, driveway, fenced backyard, and garden. The property is located at 118-12 190th Street in Saint Albans, New York.
Outside, the home includes a covered patio, storage unit, driveway, fenced backyard, and garden. The property is located at 118-12 190th Street in Saint Albans, New York.
Key Highlights
- 2,390‑square‑foot residence built in 1925
- Finished full basement, hardwood flooring, and open kitchen with island
- Covered patio, storage unit, driveway, fenced backyard, and garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,422
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,168,440
$1.2M
Cap Rate 7%
$834,600
$834.6K
Cap Rate 9%
$649,133
$649.1K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$110.4K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.2K $44.44/SF
− OpEx
−$47.8K −$20.00/SF
NOI
$58.4K $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%
$1,168,440
Cap Rate 7%
$834,600
Cap Rate 9%
$649,133
Alternative Uses
Best Use
Apartment 5plus
$834.6K
$730.3K – $973.7K
NOI $58,422 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,335 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A finished basement, fenced backyard, and garden add practical space to the residence.
Where is this residential income property located?
The property is located at 118-12 190th Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,390‑square‑foot residence built in 1925; Finished full basement, hardwood flooring, and open kitchen with island; Covered patio, storage unit, driveway, fenced backyard, and garden
