Colonial Residential Income
New
For Sale
$1,225,000
86-12 123rd Street, Richmond Hill, NY 11418
The 1920-built property has an eat-in kitchen and steam heat.
Property Size2,200 SF
Days on Market7
Property Features for 86-12 123rd Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,457
Amenities
Wall/Window Unit(s)
Natural Gas, Steam
Eat-in Kitchen
Private, Other
Colonial
Building Details
Building Size
2,200 SF
Year Built
1920
Listing Agency:
WINZONE REALTY INC.
Listed By:
Lawrence Gao · License #10401301792
(917) 669-7778
Source:
Evrealestate
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:26PM
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 WINZONE REALTY INC.
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Investment Insights
Based on property information with market context.
This Colonial-style residential income property was built in 1920. Interior features include an eat-in kitchen, natural gas service, steam heat, and wall/window units.
The property is located at 86-12 123rd Street in Richmond Hill North, Queens, NY 11418.
The property is located at 86-12 123rd Street in Richmond Hill North, Queens, NY 11418.
Key Highlights
- Built in 1920
- Colonial‑style exterior
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,778
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,560
$1.1M
Cap Rate 7%
$768,257
$768.3K
Cap Rate 9%
$597,533
$597.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$101.6K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$97.8K $44.44/SF
− OpEx
−$44.0K −$20.00/SF
NOI
$53.8K $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%
$1,075,560
Cap Rate 7%
$768,257
Cap Rate 9%
$597,533
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,928
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - The 1920-built property has an eat-in kitchen and steam heat.
Where is this residential income property located?
The property is located at 86-12 123rd Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Built in 1920; Colonial‑style exterior; Eat‑in kitchen
