Spacious Jamaica Two-Family
14734 224th Street Jamaica, NY 11413
For Sale
$1,280,000
Pending
MULTI_FAMILY - Jamaica, NY
Property Size2,130 SF
Lot Size0.08 Acres
Days on Market197
Property Features for 14734 224th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 2
Parking features
Driveway
Interior features
First Floor Bedroom, High Ceilings, Open Kitchen
Basement
Full, Finished
Standard status
Pending
APN
13436-0076
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8241
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2019
Number of units
2
Building materials
Brick
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li
(347) 885-8668
Added: Jan 13
Changed: Jul 17
Last Checked: Jul 29 at 10:06PM
MLS# 952579
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 detached two-family home, located on a quiet, tree-lined street, offers 2,130 square feet of interior living space. The property benefits from abundant natural light, high ceilings, and oversized windows. The layout is suited for investment, featuring two spacious units, each with three bedrooms and two full bathrooms. A full finished basement includes a full bath and offers separate entrance potential, providing additional space. Transportation options include the Laurelton LIRR Station, which is minutes away and provides access to Penn Station and Grand Central in approximately 30 minutes. The Q111, Q114, and Q85 buses offer a commute to Jamaica Center, and the property is located near the Belt Parkway and JFK Airport. The lot size is 0.0816 acres. The property is in move-in ready condition and will be delivered vacant. The property taxes are $8,241 per year.
Key Highlights
- Detached 2‑family home built in 2019 with 2,130 sqft of interior living space
- Two 3‑bedroom units, each with 2 full baths, plus additional finished basement space
- First‑floor features include a first floor bedroom, high ceilings, and an open kitchen
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 | $98.4k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $94.7k | $44.44 |
| − OpEx | −$42.6k | −$20.00 |
| NOI | $52.1k | $24.44 |
2,130 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$743.8K
$650.8K – $867.8K
NOI $52,067 @ 7.0% cap · market cap 4.07%
Second Best
Multifamily LT 5
$503.6K
$440.7K – $587.6K
NOI $35,255 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,918 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Detached, two-unit home with finished basement and convenient transportation access.
Where is this duplex located?
The property is located at 14734 224th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Detached 2‑family home built in 2019 with 2,130 sqft of interior living space; Two 3‑bedroom units, each with 2 full baths, plus additional finished basement space; First‑floor features include a first floor bedroom, high ceilings, and an open kitchen
