Detached Two-Family
For Sale
$1,150,000
94-37 112th Street, South Richmond Hill, NY 11419
Well-maintained detached duplex with three-bedroom, two-bath units and a separate basement entrance.
Property Size2,120 SF
Price / SF$542.45
Days on Market18
Property Features for 94-37 112th Street
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Duplex
Building Details
Building Size
2,120 SF
Year Built
1901
Buildings
1
Tenancy
Multi
Listing Agency:
Royalux Realty LLC
Listed By:
Fiona Chen CBR SFR
Source:
Cbwarburg
Added: Jul 15
Changed: Jul 31
Last Checked: Jul 31 at 4:12AM
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
Investment Insights
Based on property information with market context.
This well-maintained detached two-family duplex at 94-37 112th Street offers flexible living and rental possibilities. The home is set up as two separate units, and each unit includes three bedrooms and two full bathrooms. A separate entrance to the basement adds additional convenience and flexibility for how the property can be used. With a total property size of 2,120 SF and a year built of 1901, the building is positioned for owner-occupants seeking income or investors looking for an income-producing residential asset.
The property is located in the heart of Richmond Hill, close to the J subway line and surrounded by neighborhood amenities including shopping, restaurants, schools, and parks.
The property is located in the heart of Richmond Hill, close to the J subway line and surrounded by neighborhood amenities including shopping, restaurants, schools, and parks.
Key Highlights
- Detached two‑family home with separate basement entrance
- Each unit offers 3 bedrooms and 2 full bathrooms
- 2,120 SF duplex for flexible owner or investor use
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 | $97.9k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $94.2k | $44.44 |
| − OpEx | −$42.4k | −$20.00 |
| NOI | $51.8k | $24.44 |
2,120 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$740.3K
$647.8K – $863.7K
NOI $51,822 @ 7.0% cap · market cap 4.51%
Second Best
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,402 @ 7.0% cap · market cap 9.51%
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
2,732
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 - Well-maintained detached duplex with three-bedroom, two-bath units and a separate basement entrance.
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 $1,150,000.
What are key features of this property?
This property features: Detached two‑family home with separate basement entrance; Each unit offers 3 bedrooms and 2 full bathrooms; 2,120 SF duplex for flexible owner or investor use
