Renovated Duplex with Finished
New
For Sale
$1,199,000
Pending
8734 132nd Street, Richmond Hill, NY 11418
Each of the two residential units has four bedrooms and two full baths, complemented by a finished basement with separate access.
Property Size2,000 SF
Days on Market1
Property Features for 8734 132nd Street
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,418
Amenities
Finished,Full
Wood
5
No
Yes
8
First Floor Bedroom,First Floor Full Bath
Finished, Full
Public
Driveway, Garage
2000
Building Details
Building Size
2,000 SF
Year Built
1935
Listing Agency:
World Prop Intl Sea to Sky
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:28PM
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 World Prop Intl Sea to Sky
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Investment Insights
Based on property information with market context.
This renovated corner duplex contains two units, each arranged with four bedrooms, two full baths, and an open living room and kitchen. A finished basement adds a full bath and a separate entrance. The property also includes a detached garage and driveway. The building dates to 1935.
At 8734 132nd Street in Richmond Hill, the property is within walking distance of shopping, restaurants, public transportation, and Jamaica Hospital. The upper-level unit has a tenant in place.
At 8734 132nd Street in Richmond Hill, the property is within walking distance of shopping, restaurants, public transportation, and Jamaica Hospital. The upper-level unit has a tenant in place.
Key Highlights
- Two units, each with 4 bedrooms and 2 full baths
- Finished basement includes a full bath and separate entrance
- Detached garage and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 4.08%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,621
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each of the two residential units has four bedrooms and two full baths, complemented by a finished basement with separate access.
Where is this duplex located?
The property is located at 8734 132nd Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 2 full baths; Finished basement includes a full bath and separate entrance; Detached garage and driveway
