Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Two-Family Home Title is generated by Realmo AI

    118-11 Lakeview Boulevard, Jamaica, NY 11434

    View on Map
    Claim this Listing
    Pending
    $1,288,888

    MULTI_FAMILY - Jamaica South, NY

    Property size:
    3,500 SF
    Added:
    Mar 18, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 118-11 Lakeview Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 5, Bedroom 2, Bathroom 4, Basement, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 3
    Parking
    4
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, High Ceilings, Open Floorplan, Open Kitchen, Primary Bathroom, Master Downstairs, Walk Through Kitchen, Walk-In Closet(s)
    Basement
    Finished, Full, Walk-Out Access
    Standard status
    Pending
    Size
    3,500 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Energy Star Qualified Equipment (Heating), Electric (Heating), Forced Air
    Cooling system
    ENERGY STAR Qualified Equipment, Central Air
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    2
    Flooring type
    Tile, Combination, Hardwood
    Building materials
    Aluminum Siding, Brick

    We can help!

    Listing Contact
    Inbal Levy

    Listing agent Inbal Levy License #10311210494

    Listing office B2B Real Estate Group Inc 4 Chelsea Place Ste 4E, hewlett, NY

    Listing date Mar 18, 2026

    MLS# 974065 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Income Potential: Fully rented units generate nearly $10,000 per month.
    • Brand New Construction: Modern two‑family home built in 2025.
    • Spacious Layout: Over 3,500 sq ft with two units, each featuring three bedrooms and two bathrooms.
    • Fully Finished Basement: Versatile space with potential for two additional bedrooms and a full bathroom.
    • Additional Attic Space: Full‑size attic suitable for a bedroom, office, or creative space.
    • Desirable Amenities: Private driveway, washer/dryer hookups, central air, and modern interior features.

    Overview

    This is a newly constructed two-family home featuring a fully finished basement. Each unit includes three bedrooms and two full bathrooms, suitable for comfortable living or rental income. A full-size attic offers potential for an additional bedroom, home office, or creative space. The finished basement can accommodate two additional bedrooms and a full bathroom, suitable for extended living or guest use. The property spans over 3,500 square feet and includes a private driveway and washer and dryer hookups in the basement. The property is located in Jamaica South, Queens, NY. The property is fully rented and offers a potential income of nearly $10,000 per month.

    Local 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 $161.7k $46.20
    − Vacancy −$6.1k −$1.76
    EGI $155.6k $44.44
    − OpEx −$70.0k −$20.00
    NOI $85.6k $24.44
    3,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.22M
    $1.07M – $1.43M (±1% cap)
    NOI $85,555 @ 7.0% cap · market cap 6.64%
    Second Best
    Multifamily LT 5
    $827.6K
    $724.1K – $965.5K (±1% cap)
    NOI $57,931 @ 7.0% cap · market cap 4.49%
    Theoretical Best
    Office A
    $2.58M
    $2.26M – $3.01M (±1% cap)
    NOI $180,617 @ 7.0% cap · market cap 14.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.784507
    Latitude
    40.681953

    Nearby Similar for Sale

    • $1,199,000
      4,380 SF

      Jamaica Multifamily Investment Opportunity

      Well-maintained 8-unit building in prime Queens location.
      8909 170th Street, Jamaica, NY 11432
      View Details
    • $749,000
      1,000 SF

      Retail Property in Jamaica, Queens

      Prime retail space with high visibility in a thriving commercial corridor.
      14703 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $249,000

      Established Supermarket in Jamaica, NY

      Profitable mini supermarket for sale in high-traffic Jamaica location.
      8794 Parsons Blvd, Jamaica, NY 11432
      View Details
    • $975,000

      Retail Storefront on Guy R Brewer

      Prime retail opportunity in South Jamaica, Queens on busy corridor.
      118-27 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $1,349,999

      Renovated Two-Family Home with Garages

      Spacious, renovated two-family home with garages in Woodhaven, Jamaica.
      85-19 91st Street, Jamaica, NY 11421
      View Details
    • $1,100,000

      Two-Family Home in Jamaica, NY

      Two-family home with flexible layout and convenient location.
      104-60 165th St, Jamaica, NY 11433
      View Details
    • $899,000

      Legal Brick Two-Family Duplex

      100% brick legal two-family with private driveway and garage, configured for an owner duplex over a garden rental.
      14571 157th Street, Jamaica, NY 11434
      View Details
    • $1,750,000
      1,120 SF

      Jamaica Estates Multi-Family Building

      Three-family building with vacant units in prime Jamaica Estates.
      86-66 Midland Parkway, Jamaica, NY 11432
      View Details
    • $1,429,000

      Newly Constructed Jamaica Two-Family Property

      New two-family property in Jamaica with income potential.
      16701 116th Avenue, Jamaica, NY 11434
      View Details
    • $1,080,000

      Professional Office Building For Sale

      Free-standing, two-story office building in prime location, delivered vacant.
      14610 Rockaway Boulevard, Jamaica, NY 11436
      View Details
    • $1,419,000

      Newly Constructed Jamaica Two-Family Home

      New two-family home in Jamaica with modern finishes and amenities.
      15050 119th Road, Jamaica, NY 11434
      View Details
    • $974,999
      2,407 SF

      Jamaica Multi-Family Home For Sale

      Legal 2-family home with a full basement and private driveway.
      116-26 Merrick Boulevard, Jamiaca, NY 11434
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious two-family home with finished basement and high rental income.
    Where is this duplex located?
    The property is located at 118-11 Lakeview Boulevard Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,288,888.
    What are key features of this property?
    This property features: High Income Potential: Fully rented units generate nearly $10,000 per month.; Brand New Construction: Modern two‑family home built in 2025.; Spacious Layout: Over 3,500 sq ft with two units, each featuring three bedrooms and two bathrooms.
    (347) 517-8828
    We can help!
    Listing Contact
    Inbal Levy
    Real Estate License ID: 10311210494
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    118-11 Lakeview Boulevard, Jamaica South, NY 11434
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!