New Construction Two-Family
118-11 Lakeview Boulevard Jamaica, NY 11434
For Sale
$1,288,888
Pending
MULTI_FAMILY - Jamaica South, NY
Property Size3,500 SF
Days on Market135
Property Features for 118-11 Lakeview Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Basement, Bedroom 4
Parking
4
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, High Ceilings, Open Floorplan, Open Kitchen, Primary Bathroom, Master Downstairs, Walk Through Kitchen, Walk-In Closet(s)
Basement
Walk-Out Access, Finished, Full
Standard status
Pending
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Energy Star Qualified Equipment (Heating)
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Building Details
Year built
2025
Number of units
2
Flooring type
Tile, Combination, Hardwood
Building materials
Aluminum Siding, Brick
Listing Agency:
B2B Real Estate Group Inc
(347) 517-8828
Listed By:
Inbal Levy · License #10311208049
(347) 517-8828
Added: Mar 18
Changed: Jul 17
Last Checked: Jul 30 at 4:06AM
MLS# 974065
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a newly constructed two-family home featuring a fully finished basement. Each unit includes three bedrooms and two full bathrooms, suitable for comfortable living or rental income. A full-size attic offers potential for an additional bedroom, home office, or creative space. The finished basement can accommodate two additional bedrooms and a full bathroom, suitable for extended living or guest use. The property spans over 3,500 square feet and includes a private driveway and washer and dryer hookups in the basement. The property is located in Jamaica South, Queens, NY. The property is fully rented and offers a potential income of nearly $10,000 per month.
Key Highlights
- Brand‑new (2025) two‑family home under construction with a fully finished basement
- Over 3,500 sq ft total with two units, each featuring 3 bedrooms and 2 full bathrooms
- Basement adds flexibility with room for 2 additional bedrooms plus a full bathroom
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.7k | $46.20 |
| − Vacancy | −$6.1k | −$1.76 |
| EGI | $155.6k | $44.44 |
| − OpEx | −$70.0k | −$20.00 |
| NOI | $85.6k | $24.44 |
3,500 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,555 @ 7.0% cap · market cap 6.64%
Second Best
Multifamily LT 5
$827.6K
$724.1K – $965.5K
NOI $57,931 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,617 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Spacious two-family home with finished basement and high rental income.
Where is this duplex located?
The property is located at 118-11 Lakeview Boulevard Jamaica, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Brand‑new (2025) two‑family home under construction with a fully finished basement; Over 3,500 sq ft total with two units, each featuring 3 bedrooms and 2 full bathrooms; Basement adds flexibility with room for 2 additional bedrooms plus a full bathroom
