Duplex with Detached
For Sale
$1,150,000
Pending
90-34 190th Street, Hollis, NY 11423
Two vacant three-bedroom apartments offer separate living spaces, finished basements, and access to a fenced backyard.
Property Size2,494 SF
Days on Market9
Property Features for 90-34 190th Street
General Information
Standard status
Pending
Size
2,494 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,944
Amenities
hardwood floors
formal dining rooms
full finished basement
private driveway
detached garage
fully fenced backyard
large paved patio
Finished,Full
Hardwood
2
No
Yes
6
Formal Dining
Finished, Full
Fenced
Public
Driveway, Private
2494
Building Details
Building Size
2,494 SF
Year Built
1920
Buildings
1
Listing Agency:
eXp Realty
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 2,494-square-foot duplex in Hollis contains two apartments, each with three bedrooms and one bathroom. Hardwood flooring and formal dining rooms are among the interior features, while a finished full basement adds usable space. The property was built in 1920 and is delivered vacant.
Outside, a private driveway accommodates 3+ vehicles, alongside a detached 2.5-car garage. The fenced backyard includes a paved patio. The property is at 90-34 190th Street, near shopping, schools, transportation, and major roadways.
Outside, a private driveway accommodates 3+ vehicles, alongside a detached 2.5-car garage. The fenced backyard includes a paved patio. The property is at 90-34 190th Street, near shopping, schools, transportation, and major roadways.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- 2,494 square feet; built in 1920
- Finished full basement and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,964
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,280
$1.2M
Cap Rate 7%
$870,914
$870.9K
Cap Rate 9%
$677,378
$677.4K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$115.2K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$110.8K $44.44/SF
− OpEx
−$49.9K −$20.00/SF
NOI
$61.0K $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%
$1,219,280
Cap Rate 7%
$870,914
Cap Rate 9%
$677,378
Alternative Uses
Best Use
Apartment 5plus
$870.9K
$762.1K – $1.02M
NOI $60,964 @ 7.0% cap · market cap 5.30%
Second Best
Multifamily LT 5
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,702 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
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Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
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 - Two vacant three-bedroom apartments offer separate living spaces, finished basements, and access to a fenced backyard.
Where is this duplex located?
The property is located at 90-34 190th Street Hollis, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; 2,494 square feet; built in 1920; Finished full basement and hardwood floors
