Duplex with Solar
106-28 154th Street, Jamaica, NY 11433
For Sale
New
$899,000
Residential Income, Jamaica, NY
Property Size2,220 SF
Price / SF$404.95
Days on Market3
Property Features for 106-28 154th Street
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
HOWARD HANNA RAND REALTY
Listed By:
Robert Medrano
(914) 328-0333
Added: Nov 7
Last Checked: Nov 9 at 7:06AM
MLS# 12060504
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick two-family property has five bedrooms, two full bathrooms, hardwood flooring, and a full basement. The roof, furnace, and hot water tank were replaced within the past five years. Solar panels are installed, and the home has radiant heat powered by natural gas. Built in 1910, the property is being sold as-is.
The property is zoned R5. The listing identifies potential for expansion, subject to zoning requirements and approvals; buyers should conduct their own due diligence and verify property details.
The property is zoned R5. The listing identifies potential for expansion, subject to zoning requirements and approvals; buyers should conduct their own due diligence and verify property details.
Key Highlights
- Two‑family property with 5 bedrooms and 2 full bathrooms
- R5 zoning; expansion is subject to applicable requirements and approvals
- Full basement and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,858
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,160
$1.1M
Cap Rate 7%
$783,686
$783.7K
Cap Rate 9%
$609,533
$609.5K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$85.2K $38.40/SF
− Vacancy
−$6.9K −$3.10/SF
EGI
$78.4K $35.30/SF
− OpEx
−$23.5K −$10.59/SF
NOI
$54.9K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,160
Cap Rate 7%
$783,686
Cap Rate 9%
$609,533
Alternative Uses
Best Use
Multifamily LT 5
$783.7K
$685.7K – $914.3K
NOI $54,858 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$775.2K
$678.3K – $904.5K
NOI $54,267 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,563 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,968
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R5 zoning, a full basement, and backyard space add useful flexibility to this two-family property.
Where is this duplex located?
The property is located at 106-28 154th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family property with 5 bedrooms and 2 full bathrooms; R5 zoning; expansion is subject to applicable requirements and approvals; Full basement and backyard
