New Construction
For Sale
$1,349,000
Pending
89-25 127th Street, Richmond Hill, NY 11418
Each residence offers three bedrooms, two full bathrooms, hardwood floors, and a kitchen with quartz counters and stainless steel appliances.
Property Size3,550 SF
Days on Market9
Property Features for 89-25 127th Street
General Information
Standard status
Pending
Size
3,550 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,388
Amenities
fenced backyard
security gates
Finished,Full,Storage Space,Walk-Out Access
Tile,Wood
5
Yes
6
ENERGY STAR Qualified Windows,Insulated Windows,Screens
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,His and Hers Closets,Open Kitchen,Pantry,Stone Counters,Washer/Dryer Hookup
Finished, Full, Storage Space, Walk-Out Access
Public
2
No
Driveway, Private
Concrete Perimeter,Slab
3550
Public Maintained Road
Building Details
Building Size
3,550 SF
Year Built
2025
Buildings
1
Listing Agency:
Greene Realty Group
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:57PM
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
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Investment Insights
Based on property information with market context.
Completed in 2025, this two-family duplex has two residences, each with three bedrooms and two full bathrooms. Both feature hardwood flooring, quartz countertops, stainless steel appliances, and an en suite primary bedroom. A finished basement adds a full bathroom, laundry area, and two separate exterior entrances. The property also includes a fenced backyard, security gates, and off-street parking for two cars.
Each unit is served by its own high-efficiency Navien boiler and hot water heater. Jamaica Hospital is a 10-minute walk away, and E, J, and Z subway service is nearby.
Each unit is served by its own high-efficiency Navien boiler and hot water heater. Jamaica Hospital is a 10-minute walk away, and E, J, and Z subway service is nearby.
Key Highlights
- Two‑family duplex completed in 2025
- Each residence has 3 bedrooms and 2 full bathrooms
- Finished basement includes a full bathroom, laundry area, and 2 exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,778
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,560
$1.7M
Cap Rate 7%
$1,239,686
$1.2M
Cap Rate 9%
$964,200
$964.2K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$164.0K $46.20/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$157.8K $44.44/SF
− OpEx
−$71.0K −$20.00/SF
NOI
$86.8K $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%
$1,735,560
Cap Rate 7%
$1,239,686
Cap Rate 9%
$964,200
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,965
Businesses Nearby
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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 residence offers three bedrooms, two full bathrooms, hardwood floors, and a kitchen with quartz counters and stainless steel appliances.
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: Two‑family duplex completed in 2025; Each residence has 3 bedrooms and 2 full bathrooms; Finished basement includes a full bathroom, laundry area, and 2 exterior entrances
