Renovated Three-Family
101-12 101st Avenue, Jamaica, NY 11416
For Sale
$1,470,000
Three residential units are vacant, with a basement that can remain separate or connect to the first-floor apartment.
Property Size2,940 SF
Price / SF$500
Days on Market69
Property Features for 101-12 101st Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
First Floor Bedroom
First Floor Full Bath
Granite Counters
Marble Counters
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
RAAM Realty LLC
(718) 459-2030
Listed By:
David Alishaev
(917) 531-5578
Source:
Clairedleone
Added: Sep 1
Changed: Nov 7
Last Checked: Nov 7 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RAAM Realty LLC
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Investment Insights
Based on property information with market context.
This renovated three-family property offers 2,940 square feet across three floors and a basement. The upper two floors each have three bedrooms, two full bathrooms, and a balcony. The first floor includes two bedrooms and one bathroom, with the option to connect it to the basement or retain the lower level as a separate space. The basement has a bedroom, full bathroom, and access to the backyard.
The property was built in 2000 and includes a three-car driveway, three boilers, and three hot water tanks. All three residential units are vacant.
The property was built in 2000 and includes a three-car driveway, three boilers, and three hot water tanks. All three residential units are vacant.
Key Highlights
- 2,940 square feet; built in 2000
- Three floors plus a basement with a separate entrance
- Nine bedrooms and six full bathrooms across the three‑family configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,867
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
$1.4M
Cap Rate 7%
$1,026,671
$1.0M
Cap Rate 9%
$798,522
$798.5K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$135.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$130.7K $44.44/SF
− OpEx
−$58.8K −$20.00/SF
NOI
$71.9K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
Cap Rate 7%
$1,026,671
Cap Rate 9%
$798,522
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.3K – $1.20M
NOI $71,867 @ 7.0% cap · market cap 4.89%
Second Best
Multifamily LT 5
$695.2K
$608.3K – $811.0K
NOI $48,662 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,718 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
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Business Placement
Demographics for 11416, NY
28,381
Population
8,047
Households
3.5
Avg Household Size
35
Median Age
25%
College-Educated
78%
High-School Grad
0.7 sq mi
ZIP Area
40,544
Density / Sq Mi
$85,544
Median Household Income
$43,899
Median Earnings
$1,964
Median Rent
$733,500
Median Home Value
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Market
Properties on Market for Triplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units are vacant, with a basement that can remain separate or connect to the first-floor apartment.
Where is this triplex located?
The property is located at 101-12 101st Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: 2,940 square feet; built in 2000; Three floors plus a basement with a separate entrance; Nine bedrooms and six full bathrooms across the three‑family configuration
