Two-Family Duplex with Finished
New
For Sale
$1,189,990
111-16 170th Street, Jamaica, NY 11433
Separate entrances serve two three-bedroom, two-bathroom units, complemented by a finished basement with its own entrance.
Property Size2,940 SF
Price / SF$404.76
Days on Market2
Property Features for 111-16 170th Street
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,488
Amenities
covered front porch
fully finished basement
laundry room
private driveway
backyard
storage shed
Finished,Full
Combination,Hardwood
4
Yes
6
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Chandelier,Galley Type Kitchen
Finished, Full
No
Back Yard
Public
Carport, Driveway
2940
Building Details
Building Size
2,940 SF
Year Built
1996
Buildings
1
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:29PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This semi-attached duplex contains two units, each with three bedrooms, two full bathrooms, and a private entrance. Hardwood flooring is noted in the living areas, with carpeting in the bedrooms. The finished basement measures approximately 800 square feet and has high ceilings, a separate entrance, a large laundry room, and additional closet and storage space.
Outside, the property includes a private driveway that accommodates at least four vehicles, a backyard, and a storage shed. The home was built in 1996 and will be delivered vacant in as-is condition. JFK Airport, shopping, public transportation, parks, schools, and places of worship are listed among nearby destinations.
Outside, the property includes a private driveway that accommodates at least four vehicles, a backyard, and a storage shed. The home was built in 1996 and will be delivered vacant in as-is condition. JFK Airport, shopping, public transportation, parks, schools, and places of worship are listed among nearby destinations.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- Approximately 800 square feet of finished basement space with a separate entrance
- Private driveway accommodates at least four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,867
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,340
$1.4M
Cap Rate 7%
$1,026,671
$1.0M
Cap Rate 9%
$798,522
$798.5K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$135.8K $46.20/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$130.7K $44.44/SF
− OpEx
−$58.8K −$20.00/SF
NOI
$71.9K $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%
$1,437,340
Cap Rate 7%
$1,026,671
Cap Rate 9%
$798,522
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$898.3K – $1.20M
NOI $71,867 @ 7.0% cap · market cap 6.04%
Second Best
Multifamily LT 5
$695.2K
$608.3K – $811.0K
NOI $48,662 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,718 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,800
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve two three-bedroom, two-bathroom units, complemented by a finished basement with its own entrance.
Where is this duplex located?
The property is located at 111-16 170th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,189,990.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 full bathrooms; Approximately 800 square feet of finished basement space with a separate entrance; Private driveway accommodates at least four vehicles
