Two-Family Duplex with
For Sale
$995,000
21531 Hollis Avenue, Queens Village, NY 11429
Residential Income, Queens Village, NY
Property Size2,340 SF
Lot Size0.10 Acres
Price / SF$425.21
Days on Market47
Property Features for 21531 Hollis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 6, Basement
Parking features
On Street, Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Open Kitchen
Exterior features
Balcony
Basement
Unfinished
Elementary school
Ps 34 John Harvard
Middle school
Jean Nuzzi Intermediate School
High school
Pathways College Preparatory School
Elementary school district
Queens 29
Middle school district
Queens 29
High school district
Queens 29
Directions
Please use GPS navigation
Standard status
Active
APN
11101-0076
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8239
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2007
Number of units
2
Flooring type
Hardwood
Building materials
Stucco
Listing Agency:
VYLLA Home
(888) 575-2773
Listed By:
Xavier Beckford SFR
(646) 339-0090
Added: Sep 13
Changed: Oct 24
Last Checked: Oct 29 at 12:06AM
MLS# 1050196
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2007, this two-family duplex contains 2,340 square feet within an 18-by-65-foot building footprint. The property occupies a 25-by-170-foot lot, with two separate residential units, a basement, hardwood flooring, stucco construction, and a balcony. Interior features include an open kitchen, a first-floor bedroom, and a first-floor full bath.
The property is located at 215-31 Hollis Avenue in Queens Village, with access to buses, the LIRR, shopping, schools, and houses of worship. The stated Walk Score is 78 and Transit Score is 79. Parking includes a driveway, garage, and on-street options. Public water and public sewer serve the property, with natural-gas baseboard heat and window or wall/window unit cooling.
The property is located at 215-31 Hollis Avenue in Queens Village, with access to buses, the LIRR, shopping, schools, and houses of worship. The stated Walk Score is 78 and Transit Score is 79. Parking includes a driveway, garage, and on-street options. Public water and public sewer serve the property, with natural-gas baseboard heat and window or wall/window unit cooling.
Key Highlights
- 2007‑built two‑family property with 2,340 square feet
- 25‑by‑170‑foot lot with an 18‑by‑65‑foot building footprint
- Two separate residential units plus basement
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
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Open Analytics
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
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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 - Two separate residential units with hardwood flooring, a balcony, public utilities, and driveway, garage, and on-street parking.
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: 2007‑built two‑family property with 2,340 square feet; 25‑by‑170‑foot lot with an 18‑by‑65‑foot building footprint; Two separate residential units plus basement
