Two-Family Home with Finished
160-15 118th Road Jamaica, NY 11434
160-15 118th Road, Jamaica, NY, 11434
$1,258,888
Pending
For Sale
$1,258,888
Pending
MULTI_FAMILY - Jamaica South, NY
Property Size3,500 SF
Days on Market128
Property Features for 160-15 118th Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- 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
- 4
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, High Ceilings, Open Floorplan, Open Kitchen, Primary Bathroom, Walk Through Kitchen, Walk-In Closet(s)
- Basement
- Full, Finished, Walk-Out Access
- Standard status
- Pending
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Energy Star Qualified Equipment (Heating), Forced Air
- Cooling system
- ENERGY STAR Qualified Equipment, Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2025
- Number of units
- 3
- Flooring type
- Hardwood, Tile, Combination
- 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 5:06AM
MLS# 974100
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.
A brand-new two-family home with a fully finished basement, designed for flexible living and rental use. Each unit includes three bedrooms and two full bathrooms. The property also has a full-size attic that can serve as additional space for an extra bedroom, home office, or other use. The finished basement adds further versatility, accommodating two additional bedrooms and a full bathroom.
The home includes a private driveway and washer and dryer hookups in the basement. All units are currently fully rented, supporting an income-producing setup.
Overall, the layout provides multiple bedroom configurations across the units, attic, and basement, with modern construction intended to support both everyday living and tenant-ready occupancy.
The home includes a private driveway and washer and dryer hookups in the basement. All units are currently fully rented, supporting an income-producing setup.
Overall, the layout provides multiple bedroom configurations across the units, attic, and basement, with modern construction intended to support both everyday living and tenant-ready occupancy.
Key Highlights
- Brand‑new two‑family home under construction (2025) with fully finished basement
- Total size over 3,500 SF, with each unit featuring 3 bedrooms and 2 full bathrooms
- Basement adds flexibility with space for 2 additional bedrooms and 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 6.80%
Second Best
Multifamily LT 5
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,617 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - New construction two-family residence features fully finished basement and multiple bedrooms with private driveway.
Where is this triplex located?
The property is located at 160-15 118th Road Jamaica, NY.
What is the asking price?
The asking price for this property is $1,258,888.
What are key features of this property?
This property features: Brand‑new two‑family home under construction (2025) with fully finished basement; Total size over 3,500 SF, with each unit featuring 3 bedrooms and 2 full bathrooms; Basement adds flexibility with space for 2 additional bedrooms and a full bathroom
