Duplex with Finished
For Sale
$1,255,000
8762 133rd Street, Richmond Hill, NY 11418
Separate first- and second-floor residences provide distinct living and dining areas, along with a private driveway and backyard.
Property Size1,575 SF
Lot Size0.10 Acres
Days on Market20
Property Features for 8762 133rd Street
General Information
Standard status
Active
Size
1,575 SF
Lot size
0.10 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,200
Amenities
full finished basement
private driveway
generous backyard
Building Details
Building Size
1,575 SF
Year Built
1915
Buildings
1
Units
2
Listing Agency:
Exit Realty Prime
(347) 637-9042
Listed By:
Mohammad M. Rahman
(347) 637-9042
Source:
Cohenandcohenrealty
Added: Jul 21
Changed: Aug 9
Last Checked: Aug 9 at 8:27AM
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 Exit Realty Prime
Investment Insights
Based on property information with market context.
This duplex at 8762 133rd Street includes two separate residential levels with distinct living and dining areas. The first floor contains 4 bedrooms, 2 full bathrooms, a living room, and a formal dining room. Upstairs, the second-floor residence offers 3 bedrooms, 1 full bathroom, a living area, and a dedicated dining space. A full finished basement adds usable interior area, while the property also includes a private driveway and backyard. Built in 1915, the building sits on an approximately 4,400 sq. ft. lot.
The property is located in Richmond Hill, NY 11418, near shopping, schools, hospitals, public transportation, parks, and major highways. Its two-level residential configuration and additional basement space provide a substantial layout within an established Queens setting.
The property is located in Richmond Hill, NY 11418, near shopping, schools, hospitals, public transportation, parks, and major highways. Its two-level residential configuration and additional basement space provide a substantial layout within an established Queens setting.
Key Highlights
- Two‑level duplex with 4 bedrooms and 2 full bathrooms on the first floor
- Second‑floor residence includes 3 bedrooms, 1 full bathroom, living area, and dining space
- Full finished basement provides additional usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$770,000
$770.0K
Cap Rate 7%
$550,000
$550.0K
Cap Rate 9%
$427,778
$427.8K
Market Conditions
NOI Build-Up for 1,575 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.8K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$70.0K $44.44/SF
− OpEx
−$31.5K −$20.00/SF
NOI
$38.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$770,000
Cap Rate 7%
$550,000
Cap Rate 9%
$427,778
Alternative Uses
Best Use
Apartment 5plus
$550.0K
$481.3K – $641.7K
NOI $38,500 @ 7.0% cap · market cap 3.07%
Second Best
Multifamily LT 5
$372.4K
$325.9K – $434.5K
NOI $26,069 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,278 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,618
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate first- and second-floor residences provide distinct living and dining areas, along with a private driveway and backyard.
Where is this duplex located?
The property is located at 8762 133rd Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,255,000.
What are key features of this property?
This property features: Two‑level duplex with 4 bedrooms and 2 full bathrooms on the first floor; Second‑floor residence includes 3 bedrooms, 1 full bathroom, living area, and dining space; Full finished basement provides additional usable interior space
