Renovated Duplex with Finished
10824 164th Street, Jamaica, NY 11433
For Sale
$1,350,000
Two separate entrances and a private driveway complement this two-family residence.
Property Size2,000 SF
Price / SF$675
Days on Market46
Property Features for 10824 164th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
jacuzzi tubs
central air conditioning
designer ceilings and chandeliers
fireplace
security cameras
fully finished basement
separate entrance
private driveway
First Floor Bedroom
First Floor Full Bath
Crown Molding
Eat-in Kitchen
Formal Dining
Natural Woodwork
Quartz/Quartzite Counters
Recessed Lighting
Speakers
Washer/Dryer Hookup
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Prestige Homes NY Inc
(718) 323-5000
Listed By:
Navin B. Sookra GRI CBR
(917) 815-7011
Source:
Croninreale
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
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 Prestige Homes NY Inc
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Investment Insights
Based on property information with market context.
This renovated duplex offers six bedrooms and three bathrooms across 2,000 square feet. The interior includes a finished basement with its own entrance, central air conditioning, and a fireplace in the entertainment area. Designer ceilings, chandeliers, and jacuzzi tubs are also part of the property.
A private driveway serves the residence, while security cameras are installed throughout. Built in 2002, the two-family property combines its finished lower level with multiple access points.
A private driveway serves the residence, while security cameras are installed throughout. Built in 2002, the two-family property combines its finished lower level with multiple access points.
Key Highlights
- Two‑family property with six bedrooms and three bathrooms
- 2,000 square feet of living space
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,422
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,440
$988.4K
Cap Rate 7%
$706,029
$706.0K
Cap Rate 9%
$549,133
$549.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$76.8K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.6K $35.30/SF
− OpEx
−$21.2K −$10.59/SF
NOI
$49.4K $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%
$988,440
Cap Rate 7%
$706,029
Cap Rate 9%
$549,133
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,981
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
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate entrances and a private driveway complement this two-family residence.
Where is this duplex located?
The property is located at 10824 164th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family property with six bedrooms and three bathrooms; 2,000 square feet of living space; Finished basement with a separate entrance
