Two-Family
For Sale
$995,000
21531 Hollis Avenue, Queens Village, NY 11429
A two-unit residence offers separate living spaces for an owner occupant or rental use.
Property Size2,340 SF
Lot Size0.10 Acres
Price / SF$425.21
Days on Market42
Property Features for 21531 Hollis Avenue
General Information
Standard status
Active
Size
2,340 SF
Lot size
0.10 Acres
Property subtype
Residential Income
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,239
Amenities
First Floor Bedroom
First Floor Full Bath
Open Kitchen
Balcony
Building Details
Building Size
2,340 SF
Year Built
2007
Units
2
Construction
frame
Listing Agency:
VYLLA Home
(888) 575-2773
Listed By:
Xavier Beckford SFR · License #10401370931
(646) 339-0090
Source:
Croninreale
Added: Sep 13
Changed: Oct 23
Last Checked: Oct 23 at 5:56PM
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 VYLLA Home
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,340-square-foot frame duplex contains two separate residential units. Its building footprint measures 18 by 65 feet, and the property occupies a 25-by-170-foot lot on Hollis Avenue in Queens Village.
Bus service, the Long Island Rail Road, shops, schools, and houses of worship are within walking distance. P.S. 34 is identified nearby, and the property has a Walk Score of 78 and a Transit Score of 79.
Bus service, the Long Island Rail Road, shops, schools, and houses of worship are within walking distance. P.S. 34 is identified nearby, and the property has a Walk Score of 78 and a Transit Score of 79.
Key Highlights
- Two separate residential units
- Built in 2007; 2,340 square feet
- 18‑by‑65‑foot building footprint on a 25‑by‑170‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,200
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,000
$1.1M
Cap Rate 7%
$817,143
$817.1K
Cap Rate 9%
$635,556
$635.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$108.1K $46.20/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$104.0K $44.44/SF
− OpEx
−$46.8K −$20.00/SF
NOI
$57.2K $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%
$1,144,000
Cap Rate 7%
$817,143
Cap Rate 9%
$635,556
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 5.75%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,828
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit residence offers separate living spaces for an owner occupant or rental use.
Where is this duplex located?
The property is located at 21531 Hollis Avenue Queens Village, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two separate residential units; Built in 2007; 2,340 square feet; 18‑by‑65‑foot building footprint on a 25‑by‑170‑foot lot
