Spacious Jamaica Two-Family
For Sale
$999,000
104-60 165th Street, Queens, NY 11433
Two-family home in Jamaica with flexible layout and parking.
Property Size1,432 SF
Price / SF$697.63
Days on Market187
Property Features for 104-60 165th Street
General Information
Standard status
Active
Size
1,432 SF
Property subtype
House/Building
Taxes and HOA fees
Annual Taxes
$5,727
Amenities
Natural Gas
Square Feet
Finished, Full, Yes
Hardwood
1st Floor Bedrm, Back Yard, Eat in Kitchen, First Floor Full Bath, Hardwood Floors As Seen, Public
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Hardwood Floors As Seen, 1st Fl Master Bedroom, Eat in Kitchen
Back Yard
No
Brick, Frame
Driveway, Private, Back Yard
Building Details
Year Built
1925
Listing Agency:
ERA/Top Service Realty Inc
Listed By:
Melissa Gomez AHWD MRP SRS · License ##10311208059
(718) 464-5800
Source:
Compass
Added: Apr 15
Changed: Oct 16
Last Checked: Oct 16 at 10:42AM
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 ERA/Top Service Realty Inc
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Investment Insights
Based on property information with market context.
This two-family home offers space, flexibility, and convenience. The property features a versatile layout with a 2/3-bedroom unit over a 2-bedroom unit, suitable for both end-users and investors. It is ideal for generating rental income or creating a multi-generational living setup. A full finished basement with a separate outside entrance adds usable space for recreation, storage, or extended living. Situated on a front-to-back lot, the home includes private parking in the rear. Located in Jamaica, the property is near the F train at 169th Street Station, providing access to Manhattan. The E and J/Z subway lines and the Long Island Rail Road (LIRR) at Jamaica Station are also nearby, offering multiple transit options. Local bus service is readily available with stops for the Q83, Q4, Q5, Q84, and Q85 lines, facilitating travel around Queens and connections to major transit hubs. The property is in close proximity to shopping, dining, schools, and major roadways.
Key Highlights
- Prime location with exceptional access to multiple subway lines (F, E, J/Z) and the Long Island Rail Road (LIRR) for easy commuting.
- Versatile two‑family layout (2/3‑bedroom over 2‑bedroom) suitable for rental income.
- Full finished basement with separate outside entrance (OSE) provides additional usable space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,004
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,080
$700.1K
Cap Rate 7%
$500,057
$500.1K
Cap Rate 9%
$388,933
$388.9K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$66.2K $46.20/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$63.6K $44.44/SF
− OpEx
−$28.6K −$20.00/SF
NOI
$35.0K $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%
$700,080
Cap Rate 7%
$500,057
Cap Rate 9%
$388,933
Alternative Uses
Best Use
Apartment 5plus
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 3.50%
Second Best
Multifamily LT 5
$338.6K
$296.3K – $395.0K
NOI $23,702 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$1.06M
$923.7K – $1.23M
NOI $73,898 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 11433, NY
39,071
Population
11,849
Households
3.3
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
1.5 sq mi
ZIP Area
26,047
Density / Sq Mi
$71,177
Median Household Income
$39,540
Median Earnings
$1,529
Median Rent
$625,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Jamaica with flexible layout and parking.
Where is this duplex located?
The property is located at 104-60 165th Street Queens, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location with exceptional access to multiple subway lines (F, E, J/Z) and the Long Island Rail Road (LIRR) for easy commuting.; Versatile two‑family layout (2/3‑bedroom over 2‑bedroom) suitable for rental income.; Full finished basement with separate outside entrance (OSE) provides additional usable space.
