Detached Duplex with Side-Lot
95-27 87th St, Queens, NY 11416
For Sale
New
$1,250,000
Two separate residences each offer two bedrooms and two full bathrooms, with a finished basement and separate entrance.
Property Size1,760 SF
Days on Market3
Property Features for 95-27 87th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fully finished basement with separate entrance
side lot parking
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License NY MJL6058
(718) 382-0001
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:03PM
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 Momentum Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached duplex, built in 1905, contains two residences, each configured with two bedrooms and two full bathrooms. A finished basement has its own separate entrance, adding a distinct area beyond the main living spaces. The property also includes a side lot with parking for at least four cars.
The home is in Ozone Park, Queens, near shopping, dining, public transportation, and major roadways. WalkScore is 88, TransitScore is 80, and BikeScore is 49.
The home is in Ozone Park, Queens, near shopping, dining, public transportation, and major roadways. WalkScore is 88, TransitScore is 80, and BikeScore is 49.
Key Highlights
- Two detached residential units, each with 2 bedrooms and 2 full bathrooms
- Finished basement with separate entrance
- Side lot provides parking for at least 4 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,491
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,820
$869.8K
Cap Rate 7%
$621,300
$621.3K
Cap Rate 9%
$483,233
$483.2K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$67.6K $38.40/SF
− Vacancy
−$5.5K −$3.10/SF
EGI
$62.1K $35.30/SF
− OpEx
−$18.6K −$10.59/SF
NOI
$43.5K $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%
$869,820
Cap Rate 7%
$621,300
Cap Rate 9%
$483,233
Alternative Uses
Best Use
Multifamily LT 5
$621.3K
$543.6K – $724.9K
NOI $43,491 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$614.6K
$537.8K – $717.0K
NOI $43,022 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,824 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Queens, NY
Properties on Market for Duplexes in Queens
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each offer two bedrooms and two full bathrooms, with a finished basement and separate entrance.
Where is this duplex located?
The property is located at 95-27 87th St Queens, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two detached residential units, each with 2 bedrooms and 2 full bathrooms; Finished basement with separate entrance; Side lot provides parking for at least 4 cars
