Two-Unit
9572 115th Street, Richmond Hill, NY 11419
For Sale
$899,000
Two separate boilers and hot water tanks serve the apartments.
Property Size1,362 SF
Price / SF$660.06
Days on Market8
Property Features for 9572 115th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
Building Details
Building Size
Year Built
Units
Listing Agency:
Omni Realty Corp
Listed By:
Saad Murtaza
Source:
Moreandmorerealestate
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 7 at 2:12PM
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 Omni Realty Corp
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, each with two bedrooms, for a total of four bedrooms. Separate boilers and hot water tanks serve the two units. The property was built in 1920 and contains 1,362 square feet.
Train and bus service is nearby, providing access to destinations beyond the immediate area.
Train and bus service is nearby, providing access to destinations beyond the immediate area.
Key Highlights
- Two two‑bedroom apartments
- Separate boiler and hot water systems for each unit
- 1,362 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,293
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,860
$665.9K
Cap Rate 7%
$475,614
$475.6K
Cap Rate 9%
$369,922
$369.9K
Market Conditions
NOI Build-Up for 1,362 SF
Gross rent
$62.9K $46.20/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$60.5K $44.44/SF
− OpEx
−$27.2K −$20.00/SF
NOI
$33.3K $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%
$665,860
Cap Rate 7%
$475,614
Cap Rate 9%
$369,922
Alternative Uses
Best Use
Apartment 5plus
$475.6K
$416.2K – $554.9K
NOI $33,293 @ 7.0% cap · market cap 3.70%
Second Best
Multifamily LT 5
$322.0K
$281.8K – $375.7K
NOI $22,543 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,286 @ 7.0% cap · market cap 7.82%
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
3,709
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Richmond Hill
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate boilers and hot water tanks serve the apartments.
Where is this duplex located?
The property is located at 9572 115th Street Richmond Hill, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two two‑bedroom apartments; Separate boiler and hot water systems for each unit; 1,362 square feet
