Two-Unit Duplex with Finished
For Sale
$850,000
11612 148th Street, Jamaica, NY 11436
Vacant, two-story layout provides three bedrooms and one full bathroom on each level.
Property Size1,750 SF
Price / SF$485.71
Days on Market55
Property Features for 11612 148th Street
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,965
Amenities
Natural Woodwork
Open Floorplan
Open Kitchen
Original Details
Building Details
Building Size
1,750 SF
Year Built
1920
Stories
2
Units
2
Listing Agency:
Keller Williams Landmark II
(347) 846-1200
Listed By:
Sheeba Rozario
(929) 424-6152
Source:
Adamstreetrealty
Added: Sep 10
Changed: Nov 2
Last Checked: Nov 3 at 5:56AM
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 Landmark II
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Investment Insights
Based on property information with market context.
This 1,750-square-foot duplex contains two residential units arranged across two stories, with three bedrooms and one full bathroom on each floor. A finished basement adds additional interior space. The property was built in 1920 and is vacant.
At 11612 148th Street in Jamaica, the property is a four-minute drive from Jamaica Station, with LIRR and AirTrain service, and an eight-minute drive from JFK Airport.
At 11612 148th Street in Jamaica, the property is a four-minute drive from Jamaica Station, with LIRR and AirTrain service, and an eight-minute drive from JFK Airport.
Key Highlights
- Two‑unit, two‑story duplex with 3 bedrooms and 1 full bathroom on each floor
- 1,750 square feet with a finished basement
- Built in 1920; currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,778
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,560
$855.6K
Cap Rate 7%
$611,114
$611.1K
Cap Rate 9%
$475,311
$475.3K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$80.9K $46.20/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$77.8K $44.44/SF
− OpEx
−$35.0K −$20.00/SF
NOI
$42.8K $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%
$855,560
Cap Rate 7%
$611,114
Cap Rate 9%
$475,311
Alternative Uses
Best Use
Apartment 5plus
$611.1K
$534.7K – $713.0K
NOI $42,778 @ 7.0% cap · market cap 5.03%
Second Best
Multifamily LT 5
$413.8K
$362.1K – $482.8K
NOI $28,965 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,308 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant, two-story layout provides three bedrooms and one full bathroom on each level.
Where is this duplex located?
The property is located at 11612 148th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit, two‑story duplex with 3 bedrooms and 1 full bathroom on each floor; 1,750 square feet with a finished basement; Built in 1920; currently vacant
