Two-Family
For Sale
$1,099,999
114-07 159th Street, Jamaica, NY 11434
Each floor offers three bedrooms and one bathroom, with recently updated interiors and new appliances.
Property Size2,500 SF
Price / SF$439
Days on Market45
Property Features for 114-07 159th Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,357
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
2,500 SF
Year Built
1993
Buildings
1
Units
2
Listing Agency:
Exit Realty Prime
(718) 262-0205
Listed By:
Adan Islam
(917) 207-7239
Source:
Croninreale
Added: Sep 10
Changed: Oct 23
Last Checked: Oct 23 at 5:38PM
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 Exit Realty Prime
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Investment Insights
Based on property information with market context.
This 2,500-square-foot duplex is configured as two family units, with three bedrooms and one bathroom on each floor. Renovation work and new appliances are noted in the property details.
Built in 1993, the two-level layout provides a distinct residential configuration within a single property.
Built in 1993, the two-level layout provides a distinct residential configuration within a single property.
Key Highlights
- Two family units, each with 3 bedrooms and 1 bathroom
- 2,500 square feet of building area
- Built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,111
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,222,220
$1.2M
Cap Rate 7%
$873,014
$873.0K
Cap Rate 9%
$679,011
$679.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$115.5K $46.20/SF
− Vacancy
−$4.4K −$1.76/SF
EGI
$111.1K $44.44/SF
− OpEx
−$50.0K −$20.00/SF
NOI
$61.1K $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%
$1,222,220
Cap Rate 7%
$873,014
Cap Rate 9%
$679,011
Alternative Uses
Best Use
Apartment 5plus
$873.0K
$763.9K – $1.02M
NOI $61,111 @ 7.0% cap · market cap 5.56%
Second Best
Multifamily LT 5
$591.1K
$517.2K – $689.7K
NOI $41,379 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,012 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
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 - Each floor offers three bedrooms and one bathroom, with recently updated interiors and new appliances.
Where is this duplex located?
The property is located at 114-07 159th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Two family units, each with 3 bedrooms and 1 bathroom; 2,500 square feet of building area; Built in 1993
