Contemporary Two-Family
89-25 127th Street Richmond Hill, NY 11418
For Sale
$1,349,000
MULTI_FAMILY - Contemporary - Richmond Hill, NY
Property Size2,400 SF
Lot Size0.07 Acres
Price / SF$562.08
Days on Market47
Property Features for 89-25 127th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 5, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
Parking
2
Parking features
Driveway
Window features
ENERGY STAR Qualified WIndows, Screens, Insulated Windows
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, His and Hers Closets, Open Kitchen, Pantry, Stone Counters, Washer/Dryer Hookup
Basement
Full, Walk-Out Access, Storage Space, Finished
Standard status
Active
APN
09354-0045
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8388
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Hot Water(Heating), Natural Gas, Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2025
Number of units
2
Flooring type
Wood, Tile
Building materials
Brick, Energy Star, Frame, Stone, Vinyl Siding
Architectural style
Contemporary
Listing Agency:
Greene Realty Group
(888) 278-5840
Listed By:
Derek J. Greene · License #9503235
(888) 278-5840
Added: Jun 11
Changed: Jul 17
Last Checked: Jul 27 at 9:06PM
MLS# 1012171
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly completed contemporary two-family residence features nearly 2,400 square feet of above-grade living space, plus a full 1,200 square-foot basement with 8-foot height. Each apartment includes three bedrooms and two full bathrooms, with a master bedroom and en suite on each floor. Interior finishes include quartz countertops, stainless steel appliances, and hardwood flooring throughout.
The finished basement adds a full bathroom, a dedicated laundry area, and two separate outside entrances, providing flexibility for tenant use. Outside, the property includes a fenced backyard designed for privacy, with security gates and off-street parking for two cars. Heating and hot water are supported by a separate Navien high-efficiency boiler/HWH system for each unit.
Set in Richmond Hill, the home is described as being within about a 10-minute walk to Jamaica Hospital, with subway service for the E and J lines noted as close by. The layout and separate entrances into the basement can support additional rental income options while maintaining privacy between units.
The finished basement adds a full bathroom, a dedicated laundry area, and two separate outside entrances, providing flexibility for tenant use. Outside, the property includes a fenced backyard designed for privacy, with security gates and off-street parking for two cars. Heating and hot water are supported by a separate Navien high-efficiency boiler/HWH system for each unit.
Set in Richmond Hill, the home is described as being within about a 10-minute walk to Jamaica Hospital, with subway service for the E and J lines noted as close by. The layout and separate entrances into the basement can support additional rental income options while maintaining privacy between units.
Key Highlights
- New construction two‑family with 3 bedrooms and 2 full bathrooms in each unit (about 2,400 sq ft total living space)
- Includes a fully finished 1,200 sq ft full basement with 8 ft height and a full bathroom, plus laundry area
- Basement has 2 separate outside entrances
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 | $110.9k | $46.20 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $106.7k | $44.44 |
| − OpEx | −$48.0k | −$20.00 |
| NOI | $58.7k | $24.44 |
2,400 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.35%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly completed two-family home offers three-bedroom units with finished basement, separate entrances, and off-street parking.
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: New construction two‑family with 3 bedrooms and 2 full bathrooms in each unit (about 2,400 sq ft total living space); Includes a fully finished 1,200 sq ft full basement with 8 ft height and a full bathroom, plus laundry area; Basement has 2 separate outside entrances
