Two-Family Duplex with Finished
For Sale
$789,000
10757 164th Street, Jamaica, NY 11433
Residential income property with separate floor layouts and additional finished basement space.
Property Size1,252 SF
Lot Size0.05 Acres
Days on Market16
Property Features for 10757 164th Street
General Information
Standard status
Active
Size
1,252 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,016
Building Details
Building Size
1,252 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Landmark II
(929) 424-6152
Listed By:
Sheeba Rozario
(929) 424-6152
Source:
Mahlerrealty
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 5:11PM
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 Keller Williams Landmark II
Investment Insights
Based on property information with market context.
This two-family duplex is arranged on a 23-foot-by-100-foot property with distinct living areas across two floors. The first floor includes three bedrooms and two bathrooms, while the second floor provides two bedrooms and one bathroom. A finished basement adds usable interior space.
Built in 1920, the property is located at 10757 164th ST in Jamaica, NY 11433. Its duplex configuration provides separate residential layouts within one building, supporting flexible occupancy arrangements.
Built in 1920, the property is located at 10757 164th ST in Jamaica, NY 11433. Its duplex configuration provides separate residential layouts within one building, supporting flexible occupancy arrangements.
Key Highlights
- Two‑family duplex configuration
- 23‑foot‑by‑100‑foot property
- First floor includes 3 bedrooms and 2 bathrooms
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
$30,604
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
3.88%
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%
$612,080
$612.1K
Cap Rate 7%
$437,200
$437.2K
Cap Rate 9%
$340,044
$340.0K
Market Conditions
NOI Build-Up for 1,252 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
$57.8K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.6K $44.44/SF
− OpEx
−$25.0K −$20.00/SF
NOI
$30.6K $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%
$612,080
Cap Rate 7%
$437,200
Cap Rate 9%
$340,044
Alternative Uses
Best Use
Apartment 5plus
$437.2K
$382.6K – $510.1K
NOI $30,604 @ 7.0% cap · market cap 3.88%
Second Best
Multifamily LT 5
$296.0K
$259.0K – $345.4K
NOI $20,723 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$923.0K
$807.6K – $1.08M
NOI $64,609 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,725
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with separate floor layouts and additional finished basement space.
Where is this duplex located?
The property is located at 10757 164th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑family duplex configuration; 23‑foot‑by‑100‑foot property; First floor includes 3 bedrooms and 2 bathrooms
