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    The Largest CRE Database in the US with Over 1 Million Listings

    164-20 85Th Ave Jamaica, NY 11432

    Sponsored
    For Sale
    $2,998,000

    MULTI_FAMILY - Jamaica, NY

    Lot size:
    0.15 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 26 at 12:06 pm

    Property Features for 164-20 85Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bathroom 9, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 7, Basement, Bathroom 10, Bedroom 2, Bathroom 8, Bedroom 10, Bedroom 1, Bedroom 9, Bathroom 5, Bedroom 8, Bathroom 4, Bathroom 6
    Bedrooms
    10
    Bathrooms
    10
    APN
    09847-0032
    Parking
    4
    Parking features
    Driveway, Garage
    Interior features
    First Floor Bedroom, First Floor Full Bath, High Ceilings, Open Kitchen, Washer/Dryer Hookup
    Basement
    Full, Walk-Out Access, Finished
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    4
    Building materials
    Brick, Foam Insulation

    We can help!

    Listing Contact
    Moniruzzaman R. Majumder CBR

    EXIT REALTY PRIME (718) 262-0205

    Listing agent Moniruzzaman R. Majumder CBR (917) 202-9815

    Listing date Jan 2, 2026

    MLS# 924081

    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.

    Learn more

    Property Insight Report

    Overview

    Spacious Two-Family House Near Park

    Located beside Captain Tilly Park in Jamaica Hills, this large two-family house was built in 2025. The brick house has 4293 square feet of living space and includes a finished, open ground level with a bathroom and two separate entrances. Both the first and second floors feature two master bedrooms with attached full bathrooms, two additional bedrooms, two more full bathrooms, a living room, a dining room, and a kitchen. The property also has a finished attic with four rooms and a bathroom, a private driveway, and a garage. The exterior brick walls have custom foam insulation. Situated on a lot of 0.1529 acres, the property is located two blocks from Hillside Avenue and is within walking distance of bus stops, the park, schools, shops, a subway station, and other amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.800491
    Latitude
    40.712742

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    FAQs

    What type of property is this?
    Duplex - Massive, newly built two-family house near Captain Tilly Park.
    Where is this duplex located?
    The property is located at 164-20 85Th Ave Jamaica, NY.
    What is the asking price?
    The asking price for this property is $2,998,000.
    What are key features of this property?
    This property features: - New construction (2025) massive 2-family brick house with 4293 sqft of living space.; - Located next to Captain Tilly Park in Jamaica Hills.; - Each of the first and second floors features **2 master bedrooms with attached full bathrooms**, 2 additional bedrooms, and 2 more full bathrooms.
    (917) 202-9815
    Request Owner's contact information
    164-20 85Th Ave Jamaica, NY 11432
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    Jamaica, NY 11432
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    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
    164-20 85Th Ave Jamaica, NY 11432
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    We can help!
    Listing Contact
    Moniruzzaman R. Majumder CBR
    (917) 202-9815
    Learn more
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