Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107-17 157 Street Jamaica, NY 11433

    View on Map
    Claim this Listing
    New
    For Sale
    $1,250,000

    MULTI_FAMILY - Colonial - Jamaica, NY

    Lot size:
    0.06 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 30 at 7:06 pm

    Property Features for 107-17 157 Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Rooms
    Basement
    Parking
    1
    Parking features
    Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Entrance Foyer, High Ceilings, Kitchen Island, Natural Woodwork, Quartz/Quartzite Counters
    Basement
    Finished, Full, Walk-Out Access
    Standard status
    Active
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    2026
    Number of units
    2
    Flooring type
    Hardwood, Tile - Ceramic
    Building materials
    Frame, Vinyl Siding
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Solomon Davydov

    Listing agent Solomon Davydov

    Listing office Exit Realty First Choice 80-15 188th Street, Fresh Meadows, NY

    Listing date Apr 30, 2026

    MLS# 993313 Listing URL

    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.

    Overview

    New Jamaica Two-Family House

    This is a fully detached, legal two-family house featuring high-end finishes, designed for comfortable living and income potential. Each unit includes three bedrooms and two full bathrooms, with modern open kitchen layouts, quality cabinetry, and contemporary details. The property also features a full finished basement with a separate side entrance, suitable for family entertaining or additional use. Utilities are separated with three electric meters and two Navien combi boilers. The property includes a driveway and a private backyard. The lot size is 0.0574 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.796067
    Latitude
    40.695996

    Nearby Similar for Sale

    • $749,000

      Retail Property in Jamaica, Queens

      Prime retail space with high visibility in a thriving commercial corridor.
      14703 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $975,000

      Retail Storefront on Guy R Brewer

      Prime retail opportunity in South Jamaica, Queens on busy corridor.
      118-27 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $1,080,000

      Professional Office Building For Sale

      Free-standing, two-story office building in prime location, delivered vacant.
      14610 Rockaway Boulevard, Jamaica, NY 11436
      View Details
    • $980,000

      Well-Maintained Two-Family Home in Jamaica

      Two spacious units with bonus space in accessible Jamaica neighborhood.
      129-15 Sidway Place, Jamaica, NY 11434
      View Details
    • $949,000

      Two-Family Home in Jamaica, NY

      Two-family home with driveway, garage, and yard space.
      15053 115th Drive, Jamaica, NY 11434
      View Details
    • $850,000

      Spacious Two-Family Home in Jamaica

      Well-kept two-family property with a finished basement and private backyard.
      17626 126th Avenue, Jamaica, NY 11434
      View Details
    • $790,000

      Legal Two-Family House, Jamaica

      Legal two-family house near Sutphin Blvd, South Jamaica.
      119-40 146th Street, Jamaica, NY 11436
      View Details
    • $174,999

      Established Laundromat on Guy R Brewer

      Profitable laundromat business for sale in a high-traffic Jamaica location.
      11821 Guy R Brewer Boulevard, Jamaica, NY 11434
      View Details
    • $900,000

      St. Albans Two-Family Home

      Two-family home in St. Albans, Queens, near transit.
      118-33 199th Street, Jamaica, NY 11412
      View Details
    • $650,000

      Jamaica Two-Family Conversion Opportunity

      Legal two-family, currently one-family, with conversion potential near transportation.
      11722 142nd Place, Jamaica, NY 11436
      View Details
    • $825,000

      Well-Maintained Two-Family Jamaica Home

      Two-family home in Jamaica, Queens with updates and solar panels.
      16815 116th Avenue, Jamaica, NY 11434
      View Details
    • $815,000

      Legal Two-Family Home in Jamaica

      Two-family home near JFK Airport and LIRR Jamaica Station.
      157-15 110th Avenue, Jamaica, NY 11433
      View Details

    FAQs

    What type of property is this?
    Duplex - New two-family house with high-end finishes and income potential.
    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 $1,250,000.
    What are key features of this property?
    This property features: Brand new legal 2‑family house, great for living and income.; Each unit boasts a spacious **3‑bedroom, 2‑bathroom layout** with modern open kitchens.; Full finished basement with separate side entrance.
    (917) 733-2034
    We can help!
    Listing Contact
    Solomon Davydov
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!