Renovated Two-Family
21110 99th Ave, Queens Village, NY 11429
For Sale
$769,000
Updated kitchen and bathroom serve a two-family residential property near transportation, shopping, schools, and parks.
Property Size1,520 SF
Price / SF$505.92
Days on Market17
Property Features for 21110 99th Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Real Estate Authorities Inc
Listed By:
Gary Lewis
(516) 695-6190
Source:
Searchhomesinlongisland
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 3:16PM
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 Real Estate Authorities Inc
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Investment Insights
Based on property information with market context.
This two-family property in Queens Village offers 1,520 square feet of space. The kitchen and bathroom have been updated, and the home was built in 1920.
Transportation, shopping, schools, and parks are nearby. The property is located at 21110 99th Ave.
Transportation, shopping, schools, and parks are nearby. The property is located at 21110 99th Ave.
Key Highlights
- Two‑family property with 1,520 square feet
- Kitchen and bathroom recently updated
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,156
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,120
$743.1K
Cap Rate 7%
$530,800
$530.8K
Cap Rate 9%
$412,844
$412.8K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$70.2K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$67.6K $44.44/SF
− OpEx
−$30.4K −$20.00/SF
NOI
$37.2K $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%
$743,120
Cap Rate 7%
$530,800
Cap Rate 9%
$412,844
Alternative Uses
Best Use
Apartment 5plus
$530.8K
$464.5K – $619.3K
NOI $37,156 @ 7.0% cap · market cap 4.83%
Second Best
Multifamily LT 5
$359.4K
$314.5K – $419.3K
NOI $25,158 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.12M
$980.5K – $1.31M
NOI $78,439 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,888
Businesses Nearby
Explore this area
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Queens Village
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchen and bathroom serve a two-family residential property near transportation, shopping, schools, and parks.
Where is this duplex located?
The property is located at 21110 99th Ave Queens Village, NY.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two‑family property with 1,520 square feet; Kitchen and bathroom recently updated; Built in 1920
