Detached 2-Family
New
For Sale
$1,099,000
Pending
107-17 157 Street, Jamaica, NY 11433
Two separate electric meters and individual heating systems support independent utility management for the two residences.
Property Size2,240 SF
Days on Market4
Property Features for 107-17 157 Street
General Information
Standard status
Pending
Size
2,240 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$3,000
Amenities
private backyard
driveway
full finished basement
Finished,Full,Walk-Out Access
Ceramic Tile,Hardwood
4
No
Yes
6
First Floor Bedroom,First Floor Full Bath,Entrance Foyer,High Ceilings,Kitchen Island,Natural Woodwork,Quartz/Quartzite Counters
Finished, Full, Walk-Out Access
Back Yard
Public
1
Driveway
2240
Building Details
Building Size
2,240 SF
Year Built
2026
Buildings
1
Listing Agency:
Exit Realty First Choice
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:58PM
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 Exit Realty First Choice
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Investment Insights
Based on property information with market context.
This newly built, fully detached two-family home contains two residences, each with three bedrooms and two full bathrooms. Both units feature open kitchens, while the property also offers a finished basement with a separate side entrance. Interior details include hardwood and ceramic tile flooring, quartz counters, kitchen islands, high ceilings, and natural woodwork.
The home has three electric meters and two Navien combination boilers. A driveway and private backyard provide additional exterior features. Built in 2026, the 2,240-square-foot property is located at 107-17 157 Street in Jamaica, New York.
The home has three electric meters and two Navien combination boilers. A driveway and private backyard provide additional exterior features. Built in 2026, the 2,240-square-foot property is located at 107-17 157 Street in Jamaica, New York.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,240‑square‑foot detached property built in 2026
- Finished basement with separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,756
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,120
$1.1M
Cap Rate 7%
$782,229
$782.2K
Cap Rate 9%
$608,400
$608.4K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$103.5K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$99.6K $44.44/SF
− OpEx
−$44.8K −$20.00/SF
NOI
$54.8K $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%
$1,095,120
Cap Rate 7%
$782,229
Cap Rate 9%
$608,400
Alternative Uses
Best Use
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 4.98%
Second Best
Multifamily LT 5
$529.7K
$463.5K – $617.9K
NOI $37,076 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,595 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,906
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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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 separate electric meters and individual heating systems support independent utility management for the two residences.
Where is this duplex located?
The property is located at 107-17 157 Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,240‑square‑foot detached property built in 2026; Finished basement with separate side entrance
