Renovated Two-Unit
New
For Sale
$1,150,000
101-19 159th Avenue, Howard Beach, NY 11414
Residential Income, Howard Beach, NY
Property Size1,500 SF
Lot Size0.09 Acres
Price / SF$766.67
Days on Market2
Property Features for 101-19 159th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bedroom 4, Bathroom 2
Parking
4
Parking features
Off Street, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Breakfast Bar, Built-in Features, Chefs Kitchen, Eat-in Kitchen, Entertainment Cabinets, Entrance Foyer, His and Hers Closets, Kitchen Island, Natural Woodwork, Open Floorplan, Open Kitchen, Original Details, Primary Bathroom, Master Downstairs, Quartz/Quartzite Counters, Recessed Lighting, Storage
Fireplace
1
Basement
Walk-Out Access, Full
Lot features
Corner Lot, Near Public Transit, Near School, Near Shops
Elementary school
Ps 146 Howard Beach
Middle school
Jhs 202 Robert H Goddard
High school
John Adams High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Standard status
Active
APN
14171-0029
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7175
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
water filtration system
recessed lighting
wood floors
fireplace
custom walk-in closet
built-out closets
laundry
separate entrance
stainless steel appliances
accent lighting
Building Details
Year built
1920
Number of units
2
Building materials
Frame, Vinyl Siding
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Keller Williams Rlty Landmark · Keller Williams Realty
(718) 475-2700
Listed By:
Benjamin Timlichman · License #10301221443
(718) 551-7770
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 11:06AM
MLS# 1053889
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 1920 Colonial is configured as a two-unit residence with approximately 1,500 square feet on a 40 x 100 lot. The first-floor unit includes two bedrooms, a living room with built-in fireplace, eat-in kitchen with island, custom walk-in closet, and private en-suite bath. The second-floor unit offers two bedrooms, a family room, kitchen, full bath, and walk-in closet. A finished basement adds a recreation room, full bath, laundry, utility room, and separate entrance.
Major building systems and finishes have been renovated, including the roof, windows, plumbing, electrical wiring, heating, insulation, sheetrock, flooring, kitchens, and bathrooms. The property has four full baths, separate gas and electric meters for each unit, public water and sewer, natural gas heating, and a two-car garage with parking for four cars.
The Howard Beach-JFK Airport A Train and AirTrain station is about 2 blocks away, with Q11 bus service at the corner. Jamaica Station is accessible by AirTrain, and the Belt Parkway is a few minutes away by car.
Major building systems and finishes have been renovated, including the roof, windows, plumbing, electrical wiring, heating, insulation, sheetrock, flooring, kitchens, and bathrooms. The property has four full baths, separate gas and electric meters for each unit, public water and sewer, natural gas heating, and a two-car garage with parking for four cars.
The Howard Beach-JFK Airport A Train and AirTrain station is about 2 blocks away, with Q11 bus service at the corner. Jamaica Station is accessible by AirTrain, and the Belt Parkway is a few minutes away by car.
Key Highlights
- Two‑unit Colonial with approximately 1,500 sq ft
- 40 x 100 lot with 0.0918 acres
- Four full baths and two kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,667
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,340
$733.3K
Cap Rate 7%
$523,814
$523.8K
Cap Rate 9%
$407,411
$407.4K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$69.3K $46.20/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$66.7K $44.44/SF
− OpEx
−$30.0K −$20.00/SF
NOI
$36.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,340
Cap Rate 7%
$523,814
Cap Rate 9%
$407,411
Alternative Uses
Best Use
Apartment 5plus
$523.8K
$458.3K – $611.1K
NOI $36,667 @ 7.0% cap · market cap 3.19%
Second Best
Multifamily LT 5
$354.7K
$310.3K – $413.8K
NOI $24,827 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,407 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with separate utilities, two kitchens, finished basement space, and convenient transit access.
Where is this duplex located?
The property is located at 101-19 159th Avenue Howard Beach, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑unit Colonial with approximately 1,500 sq ft; 40 x 100 lot with 0.0918 acres; Four full baths and two kitchens
