Newly Updated Two-Family
For Sale
$899,900
9547 115th Street, South Richmond Hill, NY 11419
Newly updated two-family duplex with a separate basement entrance and separate gas and electric metering.
Property Size1,740 SF
Price / SF$517.18
Days on Market12
Property Features for 9547 115th Street
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,740 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Liberty Chateau Realty Inc
(347) 542-3913
Listed By:
Nicholas Ho · License #10401241281
Source:
Cbwarburg
Added: Jul 21
Changed: Jul 30
Last Checked: Jul 31 at 11:24AM
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 Liberty Chateau Realty Inc
Investment Insights
Based on property information with market context.
Newly updated two-family duplex offers separate living spaces with a separate basement entrance. The home includes two gas meters and two electric meters, supporting independent utility separation between the two units. Built in 1920, the property provides a practical layout for a two-family setup, with a total size of 1,740 SF.
Convenient access is described as a short drive to major parkways, JFK airport, parks, and houses of worship. Buyers are advised that transfer tax is payable by the buyer, and that information should be re-verified.
Virtual furnishings may have been added to photos to help visualize the floorplan and highlight potential.
Convenient access is described as a short drive to major parkways, JFK airport, parks, and houses of worship. Buyers are advised that transfer tax is payable by the buyer, and that information should be re-verified.
Virtual furnishings may have been added to photos to help visualize the floorplan and highlight potential.
Key Highlights
- 1,740 SF newly updated two‑family duplex
- Separate basement entrance
- Two gas meters and two electric meters
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 | $80.4k | $46.20 |
| − Vacancy | −$3.1k | −$1.76 |
| EGI | $77.3k | $44.44 |
| − OpEx | −$34.8k | −$20.00 |
| NOI | $42.5k | $24.44 |
1,740 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$607.6K
$531.7K – $708.9K
NOI $42,533 @ 7.0% cap · market cap 4.73%
Second Best
Multifamily LT 5
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,792 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,709
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 - Newly updated two-family duplex with a separate basement entrance and separate gas and electric metering.
Where is this duplex located?
The property is located at 9547 115th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 1,740 SF newly updated two‑family duplex; Separate basement entrance; Two gas meters and two electric meters
