Two-Family Duplex with Two-Car
124-01 111, Richmond Hill, NY 11420
For Sale
$859,000
Separate entrances and independent heating and cooling systems serve the two-family residence.
Property Size1,240 SF
Price / SF$692.74
Days on Market74
Property Features for 124-01 111
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front porch
fenced yard
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Chandelier
Eat-in Kitchen
High Ceilings
Open Floorplan
Open Kitchen
Pantry
Primary Bathroom
Master Downstairs
Awning(s)
Lighting
Mailbox
Rain Gutters
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Future Homes Realty Inc
(718) 641-1200
Listed By:
Ricardo Persaud
Source:
Jamesseriore
Added: Aug 26
Changed: Nov 7
Last Checked: Nov 7 at 5:31PM
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 Future Homes Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,240-square-foot duplex was built in 1920 and contains two separate living units, each with its own entrance and independent heat and air-conditioning equipment. The roof has been replaced and carries a 30-year warranty; the heating and cooling units also have warranties. A two-car garage, fenced yard, and front and rear porches round out the property.
Key Highlights
- Two‑family residence with separate entrances
- 1,240 square feet; built in 1920
- Two‑car garage and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,311
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,220
$606.2K
Cap Rate 7%
$433,014
$433.0K
Cap Rate 9%
$336,789
$336.8K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$57.3K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.1K $44.44/SF
− OpEx
−$24.8K −$20.00/SF
NOI
$30.3K $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%
$606,220
Cap Rate 7%
$433,014
Cap Rate 9%
$336,789
Alternative Uses
Best Use
Apartment 5plus
$433.0K
$378.9K – $505.2K
NOI $30,311 @ 7.0% cap · market cap 3.53%
Second Best
Multifamily LT 5
$293.2K
$256.6K – $342.1K
NOI $20,524 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$914.1K
$799.9K – $1.07M
NOI $63,990 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 11420, NY
47,383
Population
14,835
Households
3.2
Avg Household Size
40
Median Age
22%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
22,563
Density / Sq Mi
$98,584
Median Household Income
$45,571
Median Earnings
$2,032
Median Rent
$673,700
Median Home Value
Market
Properties on Market for Duplexes in Richmond Hill
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and independent heating and cooling systems serve the two-family residence.
Where is this duplex located?
The property is located at 124-01 111 Richmond Hill, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Two‑family residence with separate entrances; 1,240 square feet; built in 1920; Two‑car garage and fenced yard
