Two-Unit Duplex with Finished
New
For Sale
$1,195,000
9414 113th Street, South Richmond Hill, NY 11419
Two three-bedroom residences and a finished lower level provide distinct living areas within the building.
Property Size2,300 SF
Price / SF$519.57
Days on Market4
Property Features for 9414 113th Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,915
Amenities
Finished
2
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Public
Shared Driveway
2300
Building Details
Building Size
2,300 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Realty Greater
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:25AM
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 Keller Williams Realty Greater
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Investment Insights
Based on property information with market context.
The duplex contains two three-bedroom units, one above the other, along with a finished basement. The building measures 2,300 square feet. Kitchens, bathrooms, and interior finishes were updated in 2016. The property was built in 1920.
Located at 9414 113th Street in Richmond Hill South, the property is near the A train, parks, shopping, and major transportation routes. A shared driveway serves the property.
Located at 9414 113th Street in Richmond Hill South, the property is near the A train, parks, shopping, and major transportation routes. A shared driveway serves the property.
Key Highlights
- Two three‑bedroom units arranged one above the other
- 2,300 square feet with a finished basement
- Kitchens, bathrooms, and interior updated in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $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%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 4.70%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 9.93%
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
3,804
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences and a finished lower level provide distinct living areas within the building.
Where is this duplex located?
The property is located at 9414 113th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two three‑bedroom units arranged one above the other; 2,300 square feet with a finished basement; Kitchens, bathrooms, and interior updated in 2016
