Three-Family Residential
204-20 104th Avenue, Saint Albans, NY 11412
For Sale
$1,100,000
The building includes tenant-occupied second-floor and basement spaces, along with an owner-occupied unit.
Property Size4,000 SF
Price / SF$275
Days on Market226
Property Features for 204-20 104th Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Bizzy Bee Realty
Listed By:
Monalisa C. Myles
(631) 780-7041
Source:
Nmgproperties
Added: Mar 27
Changed: Nov 7
Last Checked: Nov 7 at 7:11PM
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 Bizzy Bee Realty
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Investment Insights
Based on property information with market context.
This three-family residential property contains 4,000 square feet and dates to 1920. The second floor and basement are tenant-occupied, while the property is also owner-occupied. Recent work includes a roof replacement and fresh paint in Unit 1.
The property is located at 204-20 104th Avenue in Saint Albans, New York.
The property is located at 204-20 104th Avenue in Saint Albans, New York.
Key Highlights
- Three‑family property with 4,000 square feet
- Built in 1920
- Tenants occupy the second floor and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,778
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,560
$2.0M
Cap Rate 7%
$1,396,829
$1.4M
Cap Rate 9%
$1,086,422
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$184.8K $46.20/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$177.8K $44.44/SF
− OpEx
−$80.0K −$20.00/SF
NOI
$97.8K $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%
$1,955,560
Cap Rate 7%
$1,396,829
Cap Rate 9%
$1,086,422
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 8.89%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,204
Businesses Nearby
Explore this area
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
$633,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The building includes tenant-occupied second-floor and basement spaces, along with an owner-occupied unit.
Where is this triplex located?
The property is located at 204-20 104th Avenue Saint Albans, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑family property with 4,000 square feet; Built in 1920; Tenants occupy the second floor and basement
