3-Unit Home with Private
9552 112th Street, South Richmond Hill, NY 11419
For Sale
$1,400,000
Each residence has three bedrooms, two full bathrooms, a kitchen, and a living room.
Property Size3,450 SF
Price / SF$405.80
Days on Market17
Property Features for 9552 112th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private balconies
Open Kitchen
Building Details
Building Size
Year Built
Units
Listing Agency:
Baring Homes Corp
Listed By:
Abhijit Singh
(347) 951-6729
Source:
Georgemcknight
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 4:22PM
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 legal three-family property contains three residences, each with three bedrooms, two full bathrooms, a kitchen, and a living room. The upper two units also have private balconies. The building measures 3,450 square feet and includes backyard parking for two cars, accessed by a private driveway.
The driveway is shared under a recorded zoning-lot arrangement between 9552 and 9550 112th Street. The property is located in South Richmond Hill, near shopping, public transportation, schools, and major roadways.
The driveway is shared under a recorded zoning-lot arrangement between 9552 and 9550 112th Street. The property is located in South Richmond Hill, near shopping, public transportation, schools, and major roadways.
Key Highlights
- Three legal residential units, each with 3 bedrooms and 2 full bathrooms
- 3,450‑square‑foot building constructed in 2007
- Balconies serve the second- and third‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,333
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,686,660
$1.7M
Cap Rate 7%
$1,204,757
$1.2M
Cap Rate 9%
$937,033
$937.0K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$159.4K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$153.3K $44.44/SF
− OpEx
−$69.0K −$20.00/SF
NOI
$84.3K $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%
$1,686,660
Cap Rate 7%
$1,204,757
Cap Rate 9%
$937,033
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,333 @ 7.0% cap · market cap 6.02%
Second Best
Multifamily LT 5
$815.8K
$713.8K – $951.7K
NOI $57,103 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,037 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
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 - Each residence has three bedrooms, two full bathrooms, a kitchen, and a living room.
Where is this triplex located?
The property is located at 9552 112th Street South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three legal residential units, each with 3 bedrooms and 2 full bathrooms; 3,450‑square‑foot building constructed in 2007; Balconies serve the second- and third‑floor units
