Two-Unit Duplex with Finished
For Sale
$1,099,000
11705 145th Street, Jamaica, NY 11436
Two separate legal residences offer matching three-bedroom, two-bathroom layouts, with additional finished basement space.
Property Size2,475 SF
Price / SF$444.04
Days on Market44
Property Features for 11705 145th Street
General Information
Standard status
Active
Size
2,475 SF
Total Parking Spaces
3
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,726
Amenities
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Entrance Foyer
Original Details
Primary Bathroom
Master Downstairs
Storage
Washer/Dryer Hookup
Garden
Mailbox
Rain Gutters
Building Details
Building Size
2,475 SF
Year Built
1998
Buildings
1
Units
2
Construction
semi-detached
Listing Agency:
Adam Street Realty LLC
Listed By:
Lawrence O. King Jr. · License #10491200827
(914) 969-6960
Source:
Adamstreetrealty
Added: Sep 10
Changed: Oct 22
Last Checked: Oct 22 at 2:19PM
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 Adam Street Realty LLC
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Investment Insights
Based on property information with market context.
This semi-detached duplex contains two legal residences, each arranged with three bedrooms and two full bathrooms. Both primary bedrooms have private baths. The upper unit is vacant and includes a living and dining area, hardwood floors, and interior access to finished basement space with laundry and a bathroom. The first-floor residence has a substantially similar bedroom and bath count. The finished basement also has high ceilings and a separate exterior entrance.
The property includes a gated, landscaped front yard, a paved driveway with parking for up to three vehicles, and a fenced backyard with lawn and paved areas. Built in 1998, the home has been maintained over the years. Public transportation, JFK Airport, parks, playgrounds, athletic fields, a school, and neighborhood conveniences are nearby.
The property includes a gated, landscaped front yard, a paved driveway with parking for up to three vehicles, and a fenced backyard with lawn and paved areas. Built in 1998, the home has been maintained over the years. Public transportation, JFK Airport, parks, playgrounds, athletic fields, a school, and neighborhood conveniences are nearby.
Key Highlights
- Two legal residential units, each with 3 bedrooms and 2 full bathrooms
- Upper residence is vacant and has hardwood floors and a living and dining area
- Finished basement with high ceilings, separate exterior entrance, laundry, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,500
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,000
$1.2M
Cap Rate 7%
$864,286
$864.3K
Cap Rate 9%
$672,222
$672.2K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$114.3K $46.20/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$110.0K $44.44/SF
− OpEx
−$49.5K −$20.00/SF
NOI
$60.5K $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%
$1,210,000
Cap Rate 7%
$864,286
Cap Rate 9%
$672,222
Alternative Uses
Best Use
Apartment 5plus
$864.3K
$756.3K – $1.01M
NOI $60,500 @ 7.0% cap · market cap 5.51%
Second Best
Multifamily LT 5
$585.2K
$512.1K – $682.8K
NOI $40,965 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,722 @ 7.0% cap · market cap 11.62%
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
1,311
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate legal residences offer matching three-bedroom, two-bathroom layouts, with additional finished basement space.
Where is this duplex located?
The property is located at 11705 145th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two legal residential units, each with 3 bedrooms and 2 full bathrooms; Upper residence is vacant and has hardwood floors and a living and dining area; Finished basement with high ceilings, separate exterior entrance, laundry, and bathroom
