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Custom-Built Multifamily Property
For Sale
$1,550,000

115-30 142nd 142 Street, Jamaica, NY 11436

Modern multi-level residence with finished basement, upgraded kitchens, and detailed interior finishes.

Property Size2,400 SF
Lot Size4.50 Acres
Price / SF$21.53
Days on Market27

Property Features for 115-30 142nd 142 Street

General Information

Standard status Active
Size 2,400 SF
Net Rentable 68,400 SF
Class Class B
Total Parking Spaces 126
Elevators No
Lot size 4.50 Acres
Property subtype Residential Income
Zoning R-4
Occupancy 94%
Net Operating Income $620,000

Financials

Asking Price $10,780,000
Cap Rate 5.75%
Gross Income $1,120,000
Gross Rent Multiplier 10.2
Average Monthly Rent $1,090
Opportunity Zone No

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 12 x studio, 48 x 1BR/1BA, 24 x 2BR/2BA
Multifamily Units 84
Parking per Unit 1.5

Additional Details

Furnished No
Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $8,642

Amenities

pool
fitness center
on-site laundry

Building Details

Building Size 2,400 SF
Year Built 2023
Year Renovated 2022
Buildings 3
Stories 2
Units 2
Construction garden-style
Tenancy Multi
Listing Agency: Keller Williams Legendary
Listed By: Aneisa Hariram
Source: Cornerstonemyhome
Added: Aug 3 Changed: Aug 28 Last Checked: Aug 25 at 9:13AM

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 Keller Williams Legendary

Investment Insights

Based on property information with market context.

Completed in 2023, this custom-built multifamily property provides a spacious residential configuration with three bedrooms and two full bathrooms on each floor. The interiors include separate living and dining areas, hardwood flooring, high ceilings, recessed lighting, crown molding, and chandelier fixtures. A fully finished basement adds to the usable interior space.

Each floor is served by a contemporary kitchen featuring custom cabinetry, granite countertops, stainless steel appliances, and substantial storage. The property is located near schools, shopping, restaurants, parks, public transportation, and major highways, providing access to a range of daily amenities and transportation options.

Key Highlights

  • 2023 custom‑built multifamily property
  • Each floor includes 3 bedrooms and 2 full bathrooms
  • Fully finished basement

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Acupuncture Skin Care Clinic Law Firm (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

84
Residential units
94%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,003
Businesses Nearby

Demographics for 11436, NY

20,620
Population
6,617
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
0.8 sq mi
ZIP Area
25,775
Density / Sq Mi
$86,104
Median Household Income
$42,386
Median Earnings
$2,079
Median Rent
$602,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Modern multi-level residence with finished basement, upgraded kitchens, and detailed interior finishes.
Where is this multifamily property located?
The property is located at 115-30 142nd 142 Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 2023 custom‑built multifamily property; Each floor includes 3 bedrooms and 2 full bathrooms; Fully finished basement
More about this property
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