Two-Unit Duplex with
186 Beach 118th St, Queens, NY 11694
For Sale
$939,000
Both residences have their own front entrance and access to the rear yard.
Property Size2,650 SF
Price / SF$354.34
Days on Market23
Property Features for 186 Beach 118th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
open front porch
rear yard
Building Details
Building Size
Buildings
Stories
Listing Agency:
George L Clark Inc
Listed By:
Joan Clark
(718) 266-3900
Source:
Elliman
Added: Oct 16
Changed: Nov 6
Last Checked: Nov 6 at 2:48PM
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 George L Clark Inc
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Investment Insights
Based on property information with market context.
This two-family duplex contains two residences across three stories, with approximately 2,650 sq. ft. of living space and a full, unfinished basement. The first-floor unit has a porch, living room, bedroom, dining room, full bathroom and rear kitchen. The upper residence spans the second and third floors and includes eight rooms, five bedrooms and two full bathrooms. Both units have separate front entrances and access to the rear yard. Property features include a shared driveway, front car pad, gas heat, upgraded electric service, and newer windows and roof.
The home is a short walk from the beach and boardwalk. Nearby neighborhood resources include the MTA A train, express buses, NYC Ferry, restaurants, shopping, schools and houses of worship.
The home is a short walk from the beach and boardwalk. Nearby neighborhood resources include the MTA A train, express buses, NYC Ferry, restaurants, shopping, schools and houses of worship.
Key Highlights
- Two residences with approximately 2,650 sq. ft. of living space
- Three‑story building with a full, unfinished basement
- Upper duplex has eight rooms, five bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,778
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,560
$1.3M
Cap Rate 7%
$925,400
$925.4K
Cap Rate 9%
$719,756
$719.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$122.4K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$117.8K $44.44/SF
− OpEx
−$53.0K −$20.00/SF
NOI
$64.8K $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%
$1,295,560
Cap Rate 7%
$925,400
Cap Rate 9%
$719,756
Alternative Uses
Best Use
Apartment 5plus
$925.4K
$809.7K – $1.08M
NOI $64,778 @ 7.0% cap · market cap 6.90%
Second Best
Multifamily LT 5
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,753 @ 7.0% cap · market cap 14.56%
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
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 11694, NY
19,780
Population
9,103
Households
2.2
Avg Household Size
46
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
11,635
Density / Sq Mi
$103,792
Median Household Income
$65,602
Median Earnings
$1,787
Median Rent
$839,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have their own front entrance and access to the rear yard.
Where is this duplex located?
The property is located at 186 Beach 118th St Queens, NY.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Two residences with approximately 2,650 sq. ft. of living space; Three‑story building with a full, unfinished basement; Upper duplex has eight rooms, five bedrooms and two full bathrooms
