New Construction Two-Family
118-11 Lakeview Boulevard Jamaica, NY 11434
118-11 Lakeview Boulevard, Jamaica, NY, 11434
$1,288,888
Pending
For Sale
$1,288,888
Pending
MULTI_FAMILY - Jamaica South, NY
Property Size3,500 SF
Days on Market128
Property Features for 118-11 Lakeview Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Basement, Bedroom 4
- 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
- Walk-Out Access, Finished, Full
- Standard status
- Pending
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Electric (Heating), Energy Star Qualified Equipment (Heating)
- Cooling system
- Central Air, ENERGY STAR Qualified Equipment
- Water source
- Public
Building Details
- Year built
- 2025
- Number of units
- 2
- Flooring type
- Tile, Combination, Hardwood
- Building materials
- Aluminum Siding, Brick
Listing agency
B2B Real Estate Group Inc
(347) 517-8828
Listed by
Inbal Levy · License #10311208049
(347) 517-8828
Added: Mar 18 Updated: Jul 17 at 9:20PM Checked: Jul 23 at 8:06AM
MLS# 974065
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Brand‑new (2025) two‑family home under construction with a fully finished basement
- Over 3,500 sq ft total with two units, each featuring 3 bedrooms and 2 full bathrooms
- Basement adds flexibility with room for 2 additional bedrooms plus a full bathroom
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
NOI $85,555 @ 7.0% cap · market cap 6.64%
Second Best
Multifamily LT 5
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,617 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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: Brand‑new (2025) two‑family home under construction with a fully finished basement; Over 3,500 sq ft total with two units, each featuring 3 bedrooms and 2 full bathrooms; Basement adds flexibility with room for 2 additional bedrooms plus a full bathroom
