Detached Two-Family Brick
32-54 81st Street Jackson Heights, NY 11370
For Sale
$1,449,000
Pending
MULTI_FAMILY - Jackson Heights, NY
Property Size2,500 SF
Lot Size0.07 Acres
Days on Market51
Property Features for 32-54 81st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Basement, Bathroom 1, Bedroom 1
Interior features
Cathedral Ceiling(s), Dry Bar, Eat-in Kitchen
Fireplace
1
Basement
Finished, Full
Standard status
Pending
APN
01176-0032
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11915
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
3
Flooring type
Hardwood
Building materials
Brick, Stucco
Listing Agency:
Keller Williams Landmark II
(347) 846-1200
Listed By:
George Herrera
(718) 968-5538
Added: Jun 10
Changed: Jul 28
Last Checked: Jul 30 at 3:06AM
MLS# 1012077
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 fully detached brick two-family home at 32-54 81st Street offers a flexible duplex-style layout across two connected levels with an interior staircase between floors. The top floor includes a front-facing king-size bedroom, two additional bedrooms, a full windowed bathroom, and a spacious eat-in kitchen with a walk-in pantry, along with an open living and dining area featuring an electric fireplace. The first floor mirrors the general arrangement and is currently occupied by a long-term tenant since 2019 on a month-to-month basis. That level includes a front-facing bedroom with a private front entry and the rest of the apartment configured as a 3-bedroom layout, with an outside separate entrance (OSE) that also connects to the interior staircase.
The expansive lower level is also accessible via an outside separate entrance (OSE) and includes distinct front and rear recreational zones. The front area is fully open for flexible use, while the rear section offers a recreation area with a full bath and wet bar. The property sits on a 31.5 x 100 lot (including an adjacent lot) and includes a utility shed and a shared driveway that provides accessible private parking spaces in the backyard. The property is located in R4 zoning with a commercial overlay and is less than 1 block from Northern Boulevard.
The combination of two-family living, multiple outside separate entrances, and on-site private parking supports a range of owner and tenant scenarios, including live-and-rent or multi-unit occupancy. With one unit currently leased on a month-to-month basis, the property also provides the option for immediate revenue while retaining future flexibility for the remaining spaces.
The expansive lower level is also accessible via an outside separate entrance (OSE) and includes distinct front and rear recreational zones. The front area is fully open for flexible use, while the rear section offers a recreation area with a full bath and wet bar. The property sits on a 31.5 x 100 lot (including an adjacent lot) and includes a utility shed and a shared driveway that provides accessible private parking spaces in the backyard. The property is located in R4 zoning with a commercial overlay and is less than 1 block from Northern Boulevard.
The combination of two-family living, multiple outside separate entrances, and on-site private parking supports a range of owner and tenant scenarios, including live-and-rent or multi-unit occupancy. With one unit currently leased on a month-to-month basis, the property also provides the option for immediate revenue while retaining future flexibility for the remaining spaces.
Key Highlights
- Fully detached brick 2‑family home built in 1930 on a 31.5 x 100 lot (including an adjacent lot)
- Over 2,500 SF of living space with a 2‑level interior staircase connecting both apartments
- First floor is tenant‑occupied since 2019 on a month‑to‑month basis for immediate rental income
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 | $115.5k | $46.20 |
| − Vacancy | −$4.4k | −$1.76 |
| EGI | $111.1k | $44.44 |
| − OpEx | −$50.0k | −$20.00 |
| NOI | $61.1k | $24.44 |
2,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 4.22%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 8.90%
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 - Fully detached two-family brick home with private backyard parking and separate entrances for flexible occupancy.
Where is this duplex located?
The property is located at 32-54 81st Street Jackson Heights, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Fully detached brick 2‑family home built in 1930 on a 31.5 x 100 lot (including an adjacent lot); Over 2,500 SF of living space with a 2‑level interior staircase connecting both apartments; First floor is tenant‑occupied since 2019 on a month‑to‑month basis for immediate rental income
