Duplex with Separate Basement
94-37 112th Street, South Richmond Hill, NY 11419
For Sale
New
$1,050,000
Two three-bedroom residences share a detached building, with an independent basement entry for added access flexibility.
Property Size2,120 SF
Price / SF$495.28
Days on Market2
Property Features for 94-37 112th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Built-in Features
Master Downstairs
Building Details
Building Size
Year Built
Units
Listing Agency:
Royalux Realty LLC
Listed By:
Fiona Chen CBR SFR
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:29AM
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 Royalux Realty LLC
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Investment Insights
Based on property information with market context.
This detached duplex contains two residences, each configured with three bedrooms and two full bathrooms. The building totals 2,120 square feet and dates to 1901. A separate entrance provides access to the basement, distinct from the residential units.
At 94-37 112th Street in Richmond Hill, the property is near the J subway line, as well as shopping, restaurants, schools, and parks.
At 94-37 112th Street in Richmond Hill, the property is near the J subway line, as well as shopping, restaurants, schools, and parks.
Key Highlights
- Detached two‑family building with 2,120 square feet
- Each residence has 3 bedrooms and 2 full bathrooms
- Separate entrance to basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,387
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,740
$1.0M
Cap Rate 7%
$748,386
$748.4K
Cap Rate 9%
$582,078
$582.1K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$81.4K $38.40/SF
− Vacancy
−$6.6K −$3.10/SF
EGI
$74.8K $35.30/SF
− OpEx
−$22.5K −$10.59/SF
NOI
$52.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,740
Cap Rate 7%
$748,386
Cap Rate 9%
$582,078
Alternative Uses
Best Use
Multifamily LT 5
$748.4K
$654.8K – $873.1K
NOI $52,387 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$740.3K
$647.8K – $863.7K
NOI $51,822 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 10.42%
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
2,732
Businesses Nearby
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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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Market
Properties on Market for Duplexes in South Richmond Hill
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences share a detached building, with an independent basement entry for added access flexibility.
Where is this duplex located?
The property is located at 94-37 112th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Detached two‑family building with 2,120 square feet; Each residence has 3 bedrooms and 2 full bathrooms; Separate entrance to basement
