Duplex Residence with Detached
For Sale
$925,000
115- 47 169th Street, Jamaica, NY 11434
Multiple living areas and outdoor space support a flexible residential layout.
Property Size1,248 SF
Price / SF$741.19
Days on Market38
Property Features for 115- 47 169th Street
General Information
Standard status
Active
Size
1,248 SF
Total Parking Spaces
1
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
renovation
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,815
Amenities
detached garage
Building Details
Building Size
1,248 SF
Year Built
1940
Units
2
Listing Agency:
REALHome Services & Solutions
(678) 201-0475
Listed By:
Christopher A. Rose · License #10311208824
(678) 201-0475
Source:
Professionalchoicerealty
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 25 at 9:29AM
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 REALHome Services & Solutions
Investment Insights
Based on property information with market context.
Built in 1940, this two-family residence includes approximately 5 bedrooms, 2 bathrooms, and over 1,248 square feet of interior space. The layout includes multiple living areas, while the generously sized lot provides outdoor space. A detached garage adds storage and utility.
Located at 115- 47 169th Street in Jamaica, the property offers access to major transportation routes, local shopping, and neighborhood services. The residence is being sold as-is, providing a defined renovation and personalization project for an owner-occupant or investor.
Located at 115- 47 169th Street in Jamaica, the property offers access to major transportation routes, local shopping, and neighborhood services. The residence is being sold as-is, providing a defined renovation and personalization project for an owner-occupant or investor.
Key Highlights
- Approximately 5 bedrooms and 2 bathrooms
- Over 1,248 square feet of interior space
- Detached garage provides additional storage and utility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,140
$610.1K
Cap Rate 7%
$435,814
$435.8K
Cap Rate 9%
$338,967
$339.0K
Market Conditions
NOI Build-Up for 1,248 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.5K $44.44/SF
− OpEx
−$25.0K −$20.00/SF
NOI
$30.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,140
Cap Rate 7%
$435,814
Cap Rate 9%
$338,967
Alternative Uses
Best Use
Apartment 5plus
$435.8K
$381.3K – $508.5K
NOI $30,507 @ 7.0% cap · market cap 3.30%
Second Best
Multifamily LT 5
$295.1K
$258.2K – $344.3K
NOI $20,656 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,403 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,260
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multiple living areas and outdoor space support a flexible residential layout.
Where is this duplex located?
The property is located at 115- 47 169th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Approximately 5 bedrooms and 2 bathrooms; Over 1,248 square feet of interior space; Detached garage provides additional storage and utility
