Two-Family Frame
For Sale
$575,000
11532 158th St, Jamaica, NY 11434
As-is two-family property on a substantial residential lot.
Property Size1,732 SF
Lot Size0.09 Acres
Price / SF$331.99
Days on Market47
Property Features for 11532 158th St
General Information
Standard status
Active
Size
1,732 SF
Lot size
0.09 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
no representation of heating, plumbing or electric to be in working order or roof to be free and clear of leaks
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Construction
frame
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Cherolyn L. Stratton AHWD PSA RSPS rpfeffer@crrli.net
Source:
Searchhomesinlongisland
Added: Jul 27
Changed: Sep 10
Last Checked: Sep 10 at 3:20PM
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
Investment Insights
Based on property information with market context.
This 1920-built frame duplex contains 1,732 square feet on a 40×100 lot at 11532 158th St in Jamaica, NY. The property is offered as-is and requires buyers to independently evaluate its condition. No representation is made that the heating, plumbing, or electrical systems are operational, and the roof is not warranted against leaks.
The property is positioned near major roadways, shopping, transportation, and JFK Airport. The transaction is cash-only, making condition review and due diligence especially important for prospective purchasers. Its two-family configuration and established residential setting provide a clear basis for evaluating the property as a duplex asset.
The property is positioned near major roadways, shopping, transportation, and JFK Airport. The transaction is cash-only, making condition review and due diligence especially important for prospective purchasers. Its two-family configuration and established residential setting provide a clear basis for evaluating the property as a duplex asset.
Key Highlights
- Two‑family frame home on a 40×100 lot
- 1,732 square feet of building area
- Built in 1920
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
$42,338
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
7.36%
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%
$846,760
$846.8K
Cap Rate 7%
$604,829
$604.8K
Cap Rate 9%
$470,422
$470.4K
Market Conditions
NOI Build-Up for 1,732 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
$80.0K $46.20/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$77.0K $44.44/SF
− OpEx
−$34.6K −$20.00/SF
NOI
$42.3K $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 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%
$846,760
Cap Rate 7%
$604,829
Cap Rate 9%
$470,422
Alternative Uses
Best Use
Apartment 5plus
$604.8K
$529.2K – $705.6K
NOI $42,338 @ 7.0% cap · market cap 7.36%
Second Best
Multifamily LT 5
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,380 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,469
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - As-is two-family property on a substantial residential lot.
Where is this duplex located?
The property is located at 11532 158th St Jamaica, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑family frame home on a 40×100 lot; 1,732 square feet of building area; Built in 1920
