Two-Family Home on Double
For Sale
$995,000
Pending
97-30 127th St, Queens, NY 11419
Two-family home on a double lot with commercial overlay.
Property Size1,755 SF
Lot Size0.09 Acres
Days on Market314
Property Features for 97-30 127th St
General Information
Standard status
Pending
Size
1,755 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,180
Building Details
Building Size
1,755 SF
Year Built
1910
Stories
2
Units
1
Listing Agency:
Compass
Listed By:
SANDRA N FRANK
(917) 282-2074
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 7 at 12:17PM
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 Compass
Investment Insights
Based on property information with market context.
This legal two-family home is situated on a double lot spanning 4,037 square feet, potentially allowing for the construction of an additional 2,300 square feet. The area features a commercial overlay, offering the possibility of operating a business from the property while residing above. The property includes a large garden and a three-car driveway. The property is currently occupied but can be delivered vacant. The possibilities are endless.
Key Highlights
- Double lot (4037 Sq ft) with potential to build an additional 2,300 sq ft
- Legal two‑family home
- Commercial overlay allows for running a business from the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,900
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,000
$858.0K
Cap Rate 7%
$612,857
$612.9K
Cap Rate 9%
$476,667
$476.7K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$81.1K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.0K $44.44/SF
− OpEx
−$35.1K −$20.00/SF
NOI
$42.9K $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%
$858,000
Cap Rate 7%
$612,857
Cap Rate 9%
$476,667
Alternative Uses
Best Use
Apartment 5plus
$612.9K
$536.3K – $715.0K
NOI $42,900 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$415.0K
$363.1K – $484.1K
NOI $29,048 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,566 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home on a double lot with commercial overlay.
Where is this duplex located?
The property is located at 97-30 127th St Queens, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Double lot (4037 Sq ft) with potential to build an additional 2,300 sq ft; Legal two‑family home; Commercial overlay allows for running a business from the property
