Two-Family Brick
For Sale
$999,000
10935 202nd Street, Jamaica, NY 11412
A finished lower level with its own entrance and separately metered utilities supports flexible two-family occupancy.
Property Size1,766 SF
Price / SF$565.69
Days on Market34
Property Features for 10935 202nd Street
General Information
Standard status
Active
Size
1,766 SF
Property subtype
Residential Income
Units
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,560
Amenities
First Floor Bedroom
Building Details
Building Size
1,766 SF
Year Built
1948
Units
2
Construction
brick
Listing Agency:
Next Level Homes Group Ltd
(718) 841-9292
Listed By:
Justin A. Loguercio
(516) 669-4255
Source:
Halknopfrealty
Added: Sep 22
Changed: Oct 24
Last Checked: Oct 24 at 2:54PM
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 Next Level Homes Group Ltd
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Investment Insights
Based on property information with market context.
This brick duplex provides two-family residential use across 1,766 square feet, with six bedrooms and three bathrooms. A finished basement has a separate entrance, and the property is served by three gas and electric meters. The building dates to 1948.
The home is in Jamaica, Queens, near shopping, schools, parks, and transportation.
The home is in Jamaica, Queens, near shopping, schools, parks, and transportation.
Key Highlights
- Two‑family brick property with 1,766 square feet
- Six bedrooms and three bathrooms
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,169
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,380
$863.4K
Cap Rate 7%
$616,700
$616.7K
Cap Rate 9%
$479,656
$479.7K
Market Conditions
NOI Build-Up for 1,766 SF
Gross rent
$81.6K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$78.5K $44.44/SF
− OpEx
−$35.3K −$20.00/SF
NOI
$43.2K $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%
$863,380
Cap Rate 7%
$616,700
Cap Rate 9%
$479,656
Alternative Uses
Best Use
Apartment 5plus
$616.7K
$539.6K – $719.5K
NOI $43,169 @ 7.0% cap · market cap 4.32%
Second Best
Multifamily LT 5
$417.6K
$365.4K – $487.2K
NOI $29,230 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,134 @ 7.0% cap · market cap 9.12%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
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 - A finished lower level with its own entrance and separately metered utilities supports flexible two-family occupancy.
Where is this duplex located?
The property is located at 10935 202nd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family brick property with 1,766 square feet; Six bedrooms and three bathrooms; Finished basement with a separate entrance
