Two-Family Duplex with Finished
New
For Sale
$1,400,000
120-33 196th Street, Saint Albans, NY 11412
The semi-attached property includes two apartments and a private driveway.
Property Size1,678 SF
Price / SF$834.33
Days on Market2
Property Features for 120-33 196th Street
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,166
Amenities
Open Floorplan
Recessed Lighting
Building Details
Building Size
1,678 SF
Year Built
2005
Buildings
1
Units
2
Listing Agency:
Century 21 Amiable Rlty Grp II
Listed By:
Jeanette Tuffy
(917) 226-5294
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 4:20PM
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 Century 21 Amiable Rlty Grp II
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Investment Insights
Based on property information with market context.
Built in 2005, this 1,678-square-foot semi-attached duplex contains two apartments arranged in a 3-over-3 configuration, with 1.5 baths. A fully finished basement has its own side entrance; use as a legal ADU is contingent on meeting applicable requirements.
The private driveway accommodates 2–3 cars. The first-floor apartment is occupied, and its tenant would like to remain; the second-floor apartment is expected to be vacant. The property may be delivered vacant or with the first-floor tenant in place.
The private driveway accommodates 2–3 cars. The first-floor apartment is occupied, and its tenant would like to remain; the second-floor apartment is expected to be vacant. The property may be delivered vacant or with the first-floor tenant in place.
Key Highlights
- Two apartments in a 3‑over‑3 configuration with 1.5 baths
- 1,678 square feet; built in 2005
- Finished basement with a separate side entrance; legal ADU use depends on applicable requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,018
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,360
$820.4K
Cap Rate 7%
$585,971
$586.0K
Cap Rate 9%
$455,756
$455.8K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$77.5K $46.20/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$74.6K $44.44/SF
− OpEx
−$33.6K −$20.00/SF
NOI
$41.0K $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%
$820,360
Cap Rate 7%
$585,971
Cap Rate 9%
$455,756
Alternative Uses
Best Use
Apartment 5plus
$586.0K
$512.7K – $683.6K
NOI $41,018 @ 7.0% cap · market cap 2.93%
Second Best
Multifamily LT 5
$396.8K
$347.2K – $462.9K
NOI $27,774 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,593 @ 7.0% cap · market cap 6.19%
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
1,788
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 - The semi-attached property includes two apartments and a private driveway.
Where is this duplex located?
The property is located at 120-33 196th Street Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two apartments in a 3‑over‑3 configuration with 1.5 baths; 1,678 square feet; built in 2005; Finished basement with a separate side entrance; legal ADU use depends on applicable requirements
