Two-Family
New
For Sale
$938,000
115-43 155th Street, Jamaica, NY 11434
Renovated residence with separate gas and electric meters and an independently accessed finished lower level.
Property Size1,568 SF
Price / SF$598.21
Days on Market2
Property Features for 115-43 155th Street
General Information
Standard status
Active
Size
1,568 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$5,076
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
1,568 SF
Year Built
1925
Units
2
Listing Agency:
Winzone Realty Inc
Listed By:
Shital Biswas · License #10401259781
(347) 863-3525
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 5:56PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Renovated two-family property with 1,568 square feet of building area. Separate gas and electric meters serve the residence, with an individual gas boiler for each floor. A finished basement has its own entrance, providing a separately accessed lower-level area.
The property includes a shared driveway with parking for 3 to 4 cars. Built in 1925, it is located at 115-43 155th Street in Jamaica, New York.
The property includes a shared driveway with parking for 3 to 4 cars. Built in 1925, it is located at 115-43 155th Street in Jamaica, New York.
Key Highlights
- Legal two‑family property, renovated
- 1,568 square feet; built in 1925
- Separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,329
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,580
$766.6K
Cap Rate 7%
$547,557
$547.6K
Cap Rate 9%
$425,878
$425.9K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$72.4K $46.20/SF
− Vacancy
−$2.8K −$1.76/SF
EGI
$69.7K $44.44/SF
− OpEx
−$31.4K −$20.00/SF
NOI
$38.3K $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%
$766,580
Cap Rate 7%
$547,557
Cap Rate 9%
$425,878
Alternative Uses
Best Use
Apartment 5plus
$547.6K
$479.1K – $638.8K
NOI $38,329 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$370.8K
$324.4K – $432.6K
NOI $25,953 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,916 @ 7.0% cap · market cap 8.63%
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
3,906
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 - Renovated residence with separate gas and electric meters and an independently accessed finished lower level.
Where is this duplex located?
The property is located at 115-43 155th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $938,000.
What are key features of this property?
This property features: Legal two‑family property, renovated; 1,568 square feet; built in 1925; Separate gas and electric meters
