New Construction Two-Family
For Sale
$1,095,000
Pending
99-10 218 St, Queens, NY 11429
New semi-detached two-family house near public transportation and LIRR.
Property Size1,800 SF
Lot Size0.06 Acres
Days on Market314
Property Features for 99-10 218 St
General Information
Standard status
Pending
Size
1,800 SF
Lot size
0.06 Acres
Property subtype
Other
Building Details
Building Size
1,800 SF
Year Built
2024
Units
2
Listed By:
Nelson J. Leong
(917) 681-7822
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 7 at 2:21PM
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 Nelson J. Leong
Investment Insights
Based on property information with market context.
This is a newly constructed, semi-detached legal two-family house. The property is located close to public transportation and is less than a 5-minute walk to the LIRR station. It features two apartments, each with two bedrooms, and a large basement with a separate entrance. The property also includes a private driveway and backyard. Interior features include a living room/dining room.
Key Highlights
- Brand new construction (2024).
- Legal 2 family house.
- Close proximity to public transportation (less than 5 minute walk to LIRR).**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $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%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 4.02%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 11429, NY
25,895
Population
8,601
Households
3
Avg Household Size
41
Median Age
27%
College-Educated
84%
High-School Grad
1.3 sq mi
ZIP Area
19,919
Density / Sq Mi
$98,232
Median Household Income
$45,053
Median Earnings
$1,605
Median Rent
$646,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - New semi-detached two-family house near public transportation and LIRR.
Where is this duplex located?
The property is located at 99-10 218 St Queens, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Brand new construction (2024).; Legal 2 family house.; Close proximity to public transportation (less than 5 minute walk to LIRR).**
