Triplex with Detached
For Sale
$1,425,000
Pending
8418 108th Street, Richmond Hill, NY 11418
Three separate residential units offer varied bedroom layouts, private outdoor space, and on-site parking.
Property Size3,196 SF
Days on Market9
Property Features for 8418 108th Street
General Information
Standard status
Pending
Size
3,196 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,349
Amenities
Finished,Full,Storage Space
Ceramic Tile,Combination,Hardwood
3
No
Yes
7
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Eat-in Kitchen,Entrance Foyer,Formal Dining,Natural Woodwork,Storage,Washer/Dryer Hookup
Finished, Full, Storage Space
Back Yard
Public
4
Detached, Driveway, Garage, Private
Stone
3196
Building Details
Building Size
3,196 SF
Year Built
1910
Listing Agency:
Parkside Realty of Queens Inc
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:30PM
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 Parkside Realty of Queens Inc
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Investment Insights
Based on property information with market context.
This legal three-family property contains 3,196 square feet across three floors. The first-floor unit has two bedrooms, a living room, formal dining room, eat-in kitchen, and full bath, with access to the basement. The second-floor residence offers two to three bedrooms, while the third-floor unit has two; both include living rooms, eat-in kitchens, and full baths. Interior details include hardwood floors, high ceilings, and front and rear staircases.
The property also features a detached garage, private driveway, backyard, and wraparound front porch. Forest Park is nearby.
The property also features a detached garage, private driveway, backyard, and wraparound front porch. Forest Park is nearby.
Key Highlights
- Legal three‑family property with 3,196 square feet
- First‑floor unit has 2 bedrooms and basement access
- Second‑floor unit has 2/3 bedrooms; third‑floor unit has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,124
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,480
$1.6M
Cap Rate 7%
$1,116,057
$1.1M
Cap Rate 9%
$868,044
$868.0K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$147.7K $46.20/SF
− Vacancy
−$5.6K −$1.76/SF
EGI
$142.0K $44.44/SF
− OpEx
−$63.9K −$20.00/SF
NOI
$78.1K $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%
$1,562,480
Cap Rate 7%
$1,116,057
Cap Rate 9%
$868,044
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$976.6K – $1.30M
NOI $78,124 @ 7.0% cap · market cap 5.48%
Second Best
Multifamily LT 5
$755.7K
$661.2K – $881.7K
NOI $52,899 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,929 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
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Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residential units offer varied bedroom layouts, private outdoor space, and on-site parking.
Where is this triplex located?
The property is located at 8418 108th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Legal three‑family property with 3,196 square feet; First‑floor unit has 2 bedrooms and basement access; Second‑floor unit has 2/3 bedrooms; third‑floor unit has 2 bedrooms
