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

    8511 169Th St Jamaica, NY 11432

    Sponsored
    For Sale
    Pending
    $1,149,000

    Colonial, Duplex - Jamaica Hills, NY

    Type:Duplex
    Property size:
    1,800 SF
    Lot size:
    0.09 Acres
    Days on Market:
    108
    Last Refresh:
    Jan 28 at 4:06 am

    Property Features for 8511 169Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    09853-0091
    Parking features
    Driveway, Garage
    Interior features
    First Floor Bedroom, Entrance Foyer, Formal Dining, Granite Counters
    Fireplace
    1
    Basement Y/N
    1
    Size
    1,800 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Fireplace(s), Natural Gas

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Stucco
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Anita S. Cristiano
    Anita S. Cristiano

    HomeSmart Homes and Estates (845) 547-0005

    Listing agent Anita S. Cristiano (845) 547-0005 License #10301223427

    Listing date Oct 13, 2025

    MLS# 874865 Listing URL

    Copyright © 2025 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

    Jamaica Hills Colonial Duplex

    This two-family colonial home, legally converted from a one-family house, presents an opportunity for owner-occupancy with income potential, a mother-daughter setup, or investment purposes. The first floor features a living room with vintage built-in shelving and storage cabinets, along with a working wood-burning fireplace. Natural light fills the space from side windows and bay windows in a bonus room suitable for an office or sitting area. The open concept design connects the bonus room to the living room and formal dining room, all with hardwood floors. The kitchen has granite countertops and provides access to the basement and the side of the house. A bedroom with a Jack & Jill bathroom completes the first floor. The second floor includes a living room with hardwood floors and a sliding door to a balcony overlooking the front of the house. The updated kitchen features ample cabinets, an island with granite countertops, stainless appliances, and built-in bar cabinets. There is also a spacious bedroom and a full bathroom. The third floor offers a spacious room with closets and windows. The walk-out basement is finished with a large sunken room, a half bathroom, and a utility room. The property includes a private driveway for up to four cars, a detached garage, and a fenced backyard. The roof is approximately 5 years old, the furnace about 10 years old, and the hot water heater is one year old. There are two electricity meters and one natural gas meter. Located near the border of Jamaica Hills and Jamaica Estates, the property is close to shopping, the F Train station, two hospitals, St. John University, and Jamaica Muslim Center. The lot size is 0.0918 acres and the property size is 1800 square feet.
    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
    -73.794102
    Latitude
    40.713234

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    FAQs

    What type of property is this?
    Duplex - Two-family colonial home with income potential in Jamaica Hills.
    Where is this duplex located?
    The property is located at 8511 169Th St Jamaica, NY.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: - Two-family colonial home, legally converted, ideal for owner-occupant with income potential, mother-daughter setup, or investors.; - **Updated kitchens with granite countertops and stainless steel appliances** in both units.; - Finished walk-out basement with a large sunken room and half bathroom.
    (917) 439-5152
    Request Owner's contact information
    8511 169Th St 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
    8511 169Th St Jamaica, NY 11432
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    We can help!
    Listing Contact
    Anita S. Cristiano
    Anita S. Cristiano
    (917) 439-5152
    Learn more
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