Two-Unit Colonial
New
For Sale
$830,000
8658 110th Street, Richmond Hill, NY 11418
Separate residences provide distinct floor plans, complemented by a private driveway and detached garage.
Property Size2,240 SF
Days on Market6
Property Features for 8658 110th Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,354
Amenities
backyard
front porch
Building Details
Building Size
2,240 SF
Year Built
1920
Buildings
1
Construction
Colonial
Listing Agency:
VYLLA Home
Listed By:
Michael D. Morris · License #1012481
(503) 740-9200
Source:
Serhant
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:17PM
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 1920, this Colonial duplex contains two residences with different layouts. One has a living room, formal dining room, kitchen, two bedrooms and a full bathroom. The other includes a living room, eat-in kitchen, three bedrooms and a full bathroom. An unfinished lower level, front porch and backyard are also part of the property. Parking is provided by a private driveway and detached two-car garage.
The property is on 110th Street in Richmond Hill, near Jamaica Avenue’s retail and dining options. Public transportation, schools, parks and major roadways are also noted in the surrounding area.
The property is on 110th Street in Richmond Hill, near Jamaica Avenue’s retail and dining options. Public transportation, schools, parks and major roadways are also noted in the surrounding area.
Key Highlights
- Two separate residences: one with 2 bedrooms and one with 3 bedrooms
- Built in 1920
- Detached two‑car garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,756
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,120
$1.1M
Cap Rate 7%
$782,229
$782.2K
Cap Rate 9%
$608,400
$608.4K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$103.5K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.6K $44.44/SF
− OpEx
−$44.8K −$20.00/SF
NOI
$54.8K $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%
$1,095,120
Cap Rate 7%
$782,229
Cap Rate 9%
$608,400
Alternative Uses
Best Use
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 6.60%
Second Best
Multifamily LT 5
$529.7K
$463.5K – $617.9K
NOI $37,076 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,595 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,075
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
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 - Separate residences provide distinct floor plans, complemented by a private driveway and detached garage.
Where is this duplex located?
The property is located at 8658 110th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Two separate residences: one with 2 bedrooms and one with 3 bedrooms; Built in 1920; Detached two‑car garage and private driveway
