4-Unit Brick
12509 101st Avenue, South Richmond Hill, NY 11419
For Sale
$2,100,000
Four residences feature tiled floors, contemporary kitchens, and modern bathrooms in a brick building completed in 2020.
Property Size3,700 SF
Price / SF$567.57
Days on Market19
Property Features for 12509 101st Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full
7
Yes
11
Open Floorplan,Open Kitchen,Primary Bathroom,Quartz/Quartzite Counters,Recessed Lighting,Smart Thermostat
Finished, Full
No
Public
3700
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
(516) 703-2918
Listed By:
Barbara Murray
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 7 at 6:43PM
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 Barbara Murray
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Investment Insights
Based on property information with market context.
This 3,700-square-foot quadplex contains four residences and was built in 2020. The brick structure offers tiled flooring, open kitchens with quartz or quartzite counters, and bathrooms with modern finishes. Recessed lighting and smart thermostats are also among the listed interior features.
The property is located in Richmond Hill South, Queens, and the listing notes proximity to JFK Airport.
The property is located in Richmond Hill South, Queens, and the listing notes proximity to JFK Airport.
Key Highlights
- Four‑unit brick building completed in 2020
- 3,700 square feet
- Open kitchens with quartz or quartzite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,444
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,880
$1.8M
Cap Rate 7%
$1,292,057
$1.3M
Cap Rate 9%
$1,004,933
$1.0M
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$170.9K $46.20/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$164.4K $44.44/SF
− OpEx
−$74.0K −$20.00/SF
NOI
$90.4K $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%
$1,808,880
Cap Rate 7%
$1,292,057
Cap Rate 9%
$1,004,933
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,444 @ 7.0% cap · market cap 4.31%
Second Best
Multifamily LT 5
$874.9K
$765.5K – $1.02M
NOI $61,241 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,938 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,907
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
$678,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature tiled floors, contemporary kitchens, and modern bathrooms in a brick building completed in 2020.
Where is this quadplex located?
The property is located at 12509 101st Avenue South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four‑unit brick building completed in 2020; 3,700 square feet; Open kitchens with quartz or quartzite counters
