2-Unit
For Sale
$819,000
11412 173rd Street, Jamaica, NY 11434
Both residential levels have two bedrooms, a full bathroom, a living room, and a kitchen, with a basement below.
Property Size1,136 SF
Price / SF$720.95
Days on Market35
Property Features for 11412 173rd Street
General Information
Standard status
Active
Size
1,136 SF
Total Parking Spaces
4
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
in need of some TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,239
Amenities
First Floor Bedroom
Building Details
Building Size
1,136 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Denese A. Joyner ABR
(516) 575-7500
Source:
Croninreale
Added: Sep 20
Changed: Oct 23
Last Checked: Oct 23 at 5:27PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This legal two-unit duplex was built in 1940 and has a full basement. Each level contains two bedrooms, one full bathroom, a living room, and a kitchen. The property also includes front and rear yard areas, a private driveway, and a two-car garage. It is located at 11412 173rd Street in Jamaica, NY 11434.
Key Highlights
- Legal duplex with two residential units
- Each floor has two bedrooms, a full bathroom, a living room, and a kitchen
- Full basement and front and rear yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,769
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,380
$555.4K
Cap Rate 7%
$396,700
$396.7K
Cap Rate 9%
$308,544
$308.5K
Market Conditions
NOI Build-Up for 1,136 SF
Gross rent
$52.5K $46.20/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$50.5K $44.44/SF
− OpEx
−$22.7K −$20.00/SF
NOI
$27.8K $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%
$555,380
Cap Rate 7%
$396,700
Cap Rate 9%
$308,544
Alternative Uses
Best Use
Apartment 5plus
$396.7K
$347.1K – $462.8K
NOI $27,769 @ 7.0% cap · market cap 3.39%
Second Best
Multifamily LT 5
$268.6K
$235.0K – $313.4K
NOI $18,803 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$837.5K
$732.8K – $977.1K
NOI $58,623 @ 7.0% cap · market cap 7.16%
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
1,076
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential levels have two bedrooms, a full bathroom, a living room, and a kitchen, with a basement below.
Where is this duplex located?
The property is located at 11412 173rd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Legal duplex with two residential units; Each floor has two bedrooms, a full bathroom, a living room, and a kitchen; Full basement and front and rear yards
