Triplex with Private
9550 112th Street, South Richmond Hill, NY 11419
For Sale
New
$1,250,000
Pending
Three two-bedroom residences each include two full bathrooms, a kitchen, and a living room.
Property Size2,850 SF
Days on Market2
Property Features for 9550 112th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private balconies
Open Kitchen
Balcony
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Baring Homes Corp
Listed By:
Abhijit Singh
(347) 951-6729
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 1:09AM
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 Baring Homes Corp
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Investment Insights
Based on property information with market context.
Built in 2007, this 2,850-square-foot triplex contains three residences. Each unit has two bedrooms, two full bathrooms, a kitchen, and a living room. The second- and third-floor units also have private balconies.
Two parking spaces are located behind the building and accessed through a shared driveway easement with the adjoining lot. The property is occupied, and the tenants will not be delivered vacant. Showings are not available.
Two parking spaces are located behind the building and accessed through a shared driveway easement with the adjoining lot. The property is occupied, and the tenants will not be delivered vacant. Showings are not available.
Key Highlights
- Three units, each with 2 bedrooms and 2 full bathrooms
- 2,850‑square‑foot property built in 2007
- Private balconies on the second- and third‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,426
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,520
$1.4M
Cap Rate 7%
$1,006,086
$1.0M
Cap Rate 9%
$782,511
$782.5K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$109.4K $38.40/SF
− Vacancy
−$8.8K −$3.10/SF
EGI
$100.6K $35.30/SF
− OpEx
−$30.2K −$10.59/SF
NOI
$70.4K $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%
$1,408,520
Cap Rate 7%
$1,006,086
Cap Rate 9%
$782,511
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.3K – $1.17M
NOI $70,426 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$995.2K
$870.8K – $1.16M
NOI $69,667 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,074 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,804
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
$678,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Queens County, NY
Properties on Market for Triplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences each include two full bathrooms, a kitchen, and a living room.
Where is this triplex located?
The property is located at 9550 112th Street South Richmond Hill, 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: Three units, each with 2 bedrooms and 2 full bathrooms; 2,850‑square‑foot property built in 2007; Private balconies on the second- and third‑floor units
