Two-Family Residential
For Sale
$1,349,000
Pending
89-25 127th Street, Richmond Hill, NY 11418
Newly completed two-family building with finished basement, security gates, and off-street parking for two cars.
Property Size3,550 SF
Days on Market54
Property Features for 89-25 127th Street
General Information
Standard status
Pending
Size
3,550 SF
Total Parking Spaces
2
Property subtype
Duplex
Amenities
Quartz countertops
stainless steel appliances
hardwood floors
fenced in backyard
security gates
Navien high efficiency boiler/HWH per unit
laundry area
Building Details
Building Size
3,550 SF
Year Built
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Greene Realty Group
(860) 560-1006
Listed By:
Derek J. Greene · License #SBR004802
Source:
Cbwarburg
Added: Jun 11
Changed: Jul 30
Last Checked: Aug 2 at 12:09PM
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 Greene Realty Group
Investment Insights
Based on property information with market context.
New construction two-family residential building completed in 2025, offering almost 2,400 SF of living space plus a 1,200 SF full basement that is 8 feet high. Each apartment features three bedrooms and two full bathrooms, including a master bedroom with an en suite on each floor. Interior finishes include quartz countertops, stainless steel appliances, and hardwood floors throughout.
The basement is fully finished with a full bathroom, a laundry area, and two separate outside entrances, providing additional flexibility for tenant use or rental income options. The property includes a fenced-in backyard for added privacy, along with security gates and off-street parking for two cars.
Each unit has a high-efficiency Navien boiler and high-efficiency HWH. Jamaica Hospital is approximately a 10-minute walk, and subway E and J are very close.
The basement is fully finished with a full bathroom, a laundry area, and two separate outside entrances, providing additional flexibility for tenant use or rental income options. The property includes a fenced-in backyard for added privacy, along with security gates and off-street parking for two cars.
Each unit has a high-efficiency Navien boiler and high-efficiency HWH. Jamaica Hospital is approximately a 10-minute walk, and subway E and J are very close.
Key Highlights
- Completed new construction (2025) two‑family building
- Almost 2,400 SF of living space plus 1,200 SF full basement
- Each unit: three bedrooms and two full bathrooms; master en suite
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.0k | $46.20 |
| − Vacancy | −$6.2k | −$1.76 |
| EGI | $157.8k | $44.44 |
| − OpEx | −$71.0k | −$20.00 |
| NOI | $86.8k | $24.44 |
3,550 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,778 @ 7.0% cap · market cap 6.43%
Second Best
Multifamily LT 5
$839.4K
$734.5K – $979.3K
NOI $58,758 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$2.62M
$2.29M – $3.05M
NOI $183,197 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,857
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 - Newly completed two-family building with finished basement, security gates, and off-street parking for two cars.
Where is this duplex located?
The property is located at 89-25 127th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Completed new construction (2025) two‑family building; Almost 2,400 SF of living space plus 1,200 SF full basement; Each unit: three bedrooms and two full bathrooms; master en suite
