Duplex With Private
For Sale
$1,380,000
94-17 118th Street, South Richmond Hill, NY 11419
Two-family brick duplex with a private driveway and a fully finished walk-out basement with balcony.
Property Size2,770 SF
Lot Size0.05 Acres
Price / SF$498.19
Days on Market32
Property Features for 94-17 118th Street
General Information
Standard status
Active
Size
2,770 SF
Lot size
0.05 Acres
Property subtype
Duplex
Additional Details
Gross Income
$93,600
Building Details
Building Size
2,770 SF
Year Built
2012
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
E Realty International Corp
(917) 225-1560
Listed By:
Xiao H. Chen · License #10401299357
Source:
Cbwarburg
Added: Jul 1
Changed: Jul 31
Last Checked: Jul 31 at 8:21AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This newer brick duplex built in 2012 offers a flexible, multi-level layout with separate living configurations. The property features a fully finished walk-out basement with a balcony, plus two additional duplex levels above it. The first floor provides 3 bedrooms, a living room, and 2 bathrooms. The second and third floors combine for another duplex with 3 bedrooms, a living room, and 3 bathrooms.
Set on a 2,347 sq. ft. lot, the building totals 2,770 SF and includes a private driveway. Commuting is supported by easy access to the A, E, F, and J subway lines, along with nearby bus routes Q10, Q24, and Q8.
Designed for owner-occupancy or long-term tenancy, the layout supports practical day-to-day separation between units while keeping everything under one roof.
Set on a 2,347 sq. ft. lot, the building totals 2,770 SF and includes a private driveway. Commuting is supported by easy access to the A, E, F, and J subway lines, along with nearby bus routes Q10, Q24, and Q8.
Designed for owner-occupancy or long-term tenancy, the layout supports practical day-to-day separation between units while keeping everything under one roof.
Key Highlights
- Built in 2012, newer brick duplex with a finished walk‑out basement and balcony
- 2,770 SF total building size
- 2,347 sq. ft. lot with private driveway
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 | $128.0k | $46.20 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $123.1k | $44.44 |
| − OpEx | −$55.4k | −$20.00 |
| NOI | $67.7k | $24.44 |
2,770 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$655.0K
$573.1K – $764.1K
NOI $45,848 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,945 @ 7.0% cap · market cap 10.36%
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
3,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
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 - Two-family brick duplex with a private driveway and a fully finished walk-out basement with balcony.
Where is this duplex located?
The property is located at 94-17 118th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Built in 2012, newer brick duplex with a finished walk‑out basement and balcony; 2,770 SF total building size; 2,347 sq. ft. lot with private driveway
