Updated Two-Family
For Sale
$1,295,000
117-43 164th Street, Jamaica, NY 11434
Brick-and-stucco duplex with flexible living space, finished basement access, and private primary suites in both units.
Property Size2,016 SF
Days on Market28
Property Features for 117-43 164th Street
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,852
Building Details
Building Size
2,016 SF
Year Built
1920
Buildings
1
Units
2
Construction
brick and stucco
Listing Agency:
Coldwell Banker American Homes
(929) 318-3784
Listed By:
Gavesh Meghan
(929) 318-3784
Source:
Cohenandcohenrealty
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 23 at 11:53AM
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
Investment Insights
Based on property information with market context.
This updated brick-and-stucco duplex, built in 1920, is configured with a 3-bedroom upper unit and a 2-bedroom lower unit. Each residence includes a private primary suite with an en-suite bathroom. A finished basement with walk-out access adds flexible space, while oversized windows bring abundant natural light into the interiors. The property also features a fully paved driveway and a maintained front exterior.
Located at 117-43 164th Street in Jamaica, the residence is near Guy R. Brewer Boulevard and a broad range of restaurants, retailers, supermarkets, banks, pharmacies, and gyms. Public transportation is available through the Q111, Q113, Q114, Q115, QM21, and QM25 bus lines, with service throughout Queens and into Manhattan.
Located at 117-43 164th Street in Jamaica, the residence is near Guy R. Brewer Boulevard and a broad range of restaurants, retailers, supermarkets, banks, pharmacies, and gyms. Public transportation is available through the Q111, Q113, Q114, Q115, QM21, and QM25 bus lines, with service throughout Queens and into Manhattan.
Key Highlights
- 3‑bedroom over 2‑bedroom duplex configuration
- Finished basement with walk‑out access
- Private primary suite and en‑suite bathroom in each unit
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
$49,280
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
3.81%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,364
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-stucco duplex with flexible living space, finished basement access, and private primary suites in both units.
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: 3‑bedroom over 2‑bedroom duplex configuration; Finished basement with walk‑out access; Private primary suite and en‑suite bathroom in each unit
