For Sale
$2,050,000
21005 Hollis Avenue, Queens Village, NY 11429
Duplexes
Property Size4,680 SF
Price / SF$438.03
Days on Market111
Property Features for 21005 Hollis Avenue
General Information
Standard status
Active
Size
4,680 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,808
Building Details
Building Size
4,680 SF
Year Built
1930
Listing Agency:
Sawyers Premier Realty Inc
Listed By:
Sydney J. Sawyers
(516) 216-1394
Source:
Nmgproperties
Added: Jul 12
Changed: Oct 30
Last Checked: Oct 29 at 7:16PM
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 Sawyers Premier Realty Inc
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,400
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,288,000
$2.3M
Cap Rate 7%
$1,634,286
$1.6M
Cap Rate 9%
$1,271,111
$1.3M
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$216.2K $46.20/SF
− Vacancy
−$8.2K −$1.76/SF
EGI
$208.0K $44.44/SF
− OpEx
−$93.6K −$20.00/SF
NOI
$114.4K $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%
$2,288,000
Cap Rate 7%
$1,634,286
Cap Rate 9%
$1,271,111
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.91M
NOI $114,400 @ 7.0% cap · market cap 5.58%
Second Best
Multifamily LT 5
$1.11M
$968.3K – $1.29M
NOI $77,462 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,510 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
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Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
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
Frequently Asked Questions
Where is this duplex located?
The property is located at 21005 Hollis Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $2,050,000.
