Two-Unit Detached Duplex with
21507 111th Rd, Queens Village, NY 11429
For Sale
$949,000
Each residence includes two bedrooms, with additional finished basement space and private outdoor grounds.
Property Size1,533 SF
Price / SF$619.05
Days on Market8
Property Features for 21507 111th Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private yard
Building Details
Buildings
Listing Agency:
Campione Realty
Listed By:
Louis J. Campione · License #992532
(718) 326-3003
Source:
Exprealty
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 2:07PM
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 Campione Realty
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Investment Insights
Based on property information with market context.
This detached duplex contains two apartments, each with two bedrooms. A finished basement adds usable interior space, and the property includes a one-car garage, a private driveway, and a yard.
The driveway accommodates three to four additional vehicles. The property is in Queens Village, New York, at 21507 111th Rd.
The driveway accommodates three to four additional vehicles. The property is in Queens Village, New York, at 21507 111th Rd.
Key Highlights
- Two apartments, each with two bedrooms
- Finished basement
- One‑car garage and driveway parking for 3 to 4 additional vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,473
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,460
$749.5K
Cap Rate 7%
$535,329
$535.3K
Cap Rate 9%
$416,367
$416.4K
Market Conditions
NOI Build-Up for 1,533 SF
Gross rent
$70.8K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.1K $44.44/SF
− OpEx
−$30.7K −$20.00/SF
NOI
$37.5K $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%
$749,460
Cap Rate 7%
$535,329
Cap Rate 9%
$416,367
Alternative Uses
Best Use
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,473 @ 7.0% cap · market cap 3.95%
Second Best
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.13M
$988.9K – $1.32M
NOI $79,110 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
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
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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 - Each residence includes two bedrooms, with additional finished basement space and private outdoor grounds.
Where is this duplex located?
The property is located at 21507 111th Rd Queens Village, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; Finished basement; One‑car garage and driveway parking for 3 to 4 additional vehicles
