Duplex with Finished
New
For Sale
$1,050,000
119-27 191st Street, Saint Albans, NY 11412
A separate basement entrance and second kitchen add flexibility to the property's three-bedroom and two-bedroom layouts.
Property Size1,924 SF
Lot Size0.09 Acres
Price / SF$545.74
Days on Market1
Property Features for 119-27 191st Street
General Information
Standard status
Active
Size
1,924 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,970
Amenities
First Floor Bedroom
Ceiling Fan(s)
Eat-in Kitchen
High Speed Internet
In-Law Floorplan
Kitchen Island
Open Floorplan
Open Kitchen
Primary Bathroom
Master Downstairs
Quartz/Quartzite Counters
Recessed Lighting
Walk Through Kitchen
Building Details
Building Size
1,924 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
eXp Realty
Listed By:
Luis F. Fernandez · License #906151
(914) 309-9383
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:39PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This detached duplex offers a three-bedroom layout above a two-bedroom layout, with a finished basement that has its own exterior entrance. The 1,924-square-foot property includes 3.5 updated bathrooms, hardwood flooring, recessed lighting, and oversized windows. Its updated kitchen has dark oak cabinets, granite countertops, and stainless steel appliances; the basement adds a kitchen and full bathroom.
The home sits on a 40 x 100 lot and has two boilers, a large private driveway, and a two-car garage for parking and storage. Built in 1930, it combines distinct living areas with additional finished space.
The home sits on a 40 x 100 lot and has two boilers, a large private driveway, and a two-car garage for parking and storage. Built in 1930, it combines distinct living areas with additional finished space.
Key Highlights
- Three‑bedroom layout over a two‑bedroom layout
- Finished basement with separate exterior entrance, kitchen, and full bathroom
- 1,924 square feet on a 40 x 100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,031
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,620
$940.6K
Cap Rate 7%
$671,871
$671.9K
Cap Rate 9%
$522,567
$522.6K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$88.9K $46.20/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$85.5K $44.44/SF
− OpEx
−$38.5K −$20.00/SF
NOI
$47.0K $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%
$940,620
Cap Rate 7%
$671,871
Cap Rate 9%
$522,567
Alternative Uses
Best Use
Apartment 5plus
$671.9K
$587.9K – $783.9K
NOI $47,031 @ 7.0% cap · market cap 4.48%
Second Best
Multifamily LT 5
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,288 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,776
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate basement entrance and second kitchen add flexibility to the property's three-bedroom and two-bedroom layouts.
Where is this duplex located?
The property is located at 119-27 191st Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three‑bedroom layout over a two‑bedroom layout; Finished basement with separate exterior entrance, kitchen, and full bathroom; 1,924 square feet on a 40 x 100 lot
