Two-Family Duplex with Private
New
For Sale
$1,380,000
94-17 118th Street, South Richmond Hill, NY 11419
The brick residence includes two duplex units, a finished walk-out basement, and private driveway access.
Property Size2,770 SF
Lot Size0.05 Acres
Price / SF$498.19
Days on Market3
Property Features for 94-17 118th Street
General Information
Standard status
Active
Size
2,770 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Additional Details
Gross Income
$93,600
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,800
Building Details
Building Size
2,770 SF
Year Built
2012
Buildings
1
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
E Realty International Corp
Listed By:
Xiao H. Chen · License #10401299357
(646) 508-9880
Source:
Georgemcknight
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:01PM
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
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Investment Insights
Based on property information with market context.
Built in 2012, this semi-detached brick property contains two duplex residences and a finished walk-out basement with a balcony. The first-floor unit has three bedrooms, a living room, and two bathrooms. A second duplex spans the upper two floors and offers three bedrooms, a living room, and three bathrooms. The basement includes two bedrooms, a living room, and one bathroom. The building measures 2,770 square feet on a 2,347-square-foot lot, with a private driveway.
The property is at 94-17 118th Street in Richmond Hill, Queens. Subway service includes the A, E, F, and J lines, and the Q10, Q24, and Q8 buses are within walking distance. Supermarkets, dining, and shopping streets are also in the surrounding area.
The property is at 94-17 118th Street in Richmond Hill, Queens. Subway service includes the A, E, F, and J lines, and the Q10, Q24, and Q8 buses are within walking distance. Supermarkets, dining, and shopping streets are also in the surrounding area.
Key Highlights
- Two duplex residences in a semi‑detached brick building built in 2012
- 2,770‑square‑foot building on a 2,347‑square‑foot lot
- First‑floor duplex: 3 bedrooms, living room, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,711
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,220
$1.4M
Cap Rate 7%
$967,300
$967.3K
Cap Rate 9%
$752,344
$752.3K
Market Conditions
NOI Build-Up for 2,770 SF
Gross rent
$128.0K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$123.1K $44.44/SF
− OpEx
−$55.4K −$20.00/SF
NOI
$67.7K $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%
$1,354,220
Cap Rate 7%
$967,300
Cap Rate 9%
$752,344
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The brick residence includes two duplex units, a finished walk-out basement, and private driveway access.
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: Two duplex residences in a semi‑detached brick building built in 2012; 2,770‑square‑foot building on a 2,347‑square‑foot lot; First‑floor duplex: 3 bedrooms, living room, and 2 bathrooms
