Two-Family Duplex with Finished
For Sale
$1,295,000
117-43 164th Street, Jamaica, NY 11434
Two separate residences feature private primary suites, with a finished walk-out basement adding flexible interior space.
Property Size2,016 SF
Price / SF$642.36
Days on Market9
Property Features for 117-43 164th Street
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,852
Amenities
Finished,Full,Walk-Out Access
Hardwood,Tile
5
Yes
First Floor Bedroom,First Floor Full Bath,Crown Molding,Eat-in Kitchen,In-Law Floorplan,Primary Bathroom,Master Downstairs,Quartz/Quartzite Counters,Recessed Lighting,Soaking Tub,Storage
Finished, Full, Walk-Out Access
First Floor Bedroom,First Floor Full Bath,Crown Molding,Eat-in Kitchen,In-Law Floorplan,Primary Bathroom,Master Downstairs,Quartz/Quartzite Counters,Recessed Lighting,Soaking Tub,Storage,Walk Through
Back Yard,Fenced,Front Yard,Full,Perimeter
Public
4
No
Driveway, Garage, Private
Lighting
2016
Building Details
Building Size
2,016 SF
Year Built
1920
Buildings
1
Construction
brick and stucco
Listing Agency:
Coldwell Banker American Homes
(516) 703-2918
Listed By:
Josephine Nicolosi
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:06PM
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 Coldwell Banker American Homes
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Investment Insights
Based on property information with market context.
This two-family brick-and-stucco duplex offers 2,016 square feet across a three-bedroom residence and a two-bedroom residence. Each unit includes a primary bedroom with an en-suite bathroom. A finished basement with walk-out access provides additional interior space. Hardwood and tile floors, recessed lighting, eat-in kitchens, and storage are among the interior features. The property was built in 1920 and has a paved driveway, garage, and fenced outdoor areas.
The home is near Guy R. Brewer Boulevard and local restaurants, shops, supermarkets, banks, pharmacies, and gyms. Q111, Q113, Q114, Q115, QM21, and QM25 bus routes are nearby, with service through Queens and to Manhattan.
The home is near Guy R. Brewer Boulevard and local restaurants, shops, supermarkets, banks, pharmacies, and gyms. Q111, Q113, Q114, Q115, QM21, and QM25 bus routes are nearby, with service through Queens and to Manhattan.
Key Highlights
- Two‑family layout with three‑bedroom and two‑bedroom residences
- 2,016 square feet of property area
- Finished basement with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,280
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,600
$985.6K
Cap Rate 7%
$704,000
$704.0K
Cap Rate 9%
$547,556
$547.6K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$93.1K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$89.6K $44.44/SF
− OpEx
−$40.3K −$20.00/SF
NOI
$49.3K $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%
$985,600
Cap Rate 7%
$704,000
Cap Rate 9%
$547,556
Alternative Uses
Best Use
Apartment 5plus
$704.0K
$616.0K – $821.3K
NOI $49,280 @ 7.0% cap · market cap 3.81%
Second Best
Multifamily LT 5
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,035 @ 7.0% cap · market cap 8.03%
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
2,364
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 - Two separate residences feature private primary suites, with a finished walk-out basement adding flexible interior space.
Where is this duplex located?
The property is located at 117-43 164th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two‑family layout with three‑bedroom and two‑bedroom residences; 2,016 square feet of property area; Finished basement with walk‑out access
