Two-Family
For Sale
$900,000
118-33 199th Street, Jamaica, NY 11412
A 2006-built residence offers two-family configuration and 1,830 square feet of living space.
Property Size1,830 SF
Price / SF$491.80
Days on Market219
Property Features for 118-33 199th Street
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,468
Building Details
Building Size
1,830 SF
Year Built
2006
Listing Agency:
NMG Properties Inc.
Listed By:
Natasha Green
(516) 887-0000
Source:
Nmgproperties
Added: Mar 26
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
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 NMG Properties Inc.
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Investment Insights
Based on property information with market context.
This two-family duplex contains 1,830 square feet and was built in 2006. The configuration provides two residential units within one property.
The home is in St. Albans, Queens, with the St. Albans LIRR station, parks, dining, and shopping along Linden Boulevard and Farmers Boulevard described as nearby.
The home is in St. Albans, Queens, with the St. Albans LIRR station, parks, dining, and shopping along Linden Boulevard and Farmers Boulevard described as nearby.
Key Highlights
- Two‑family residential property
- 1,830 square feet of building area
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,733
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,660
$894.7K
Cap Rate 7%
$639,043
$639.0K
Cap Rate 9%
$497,033
$497.0K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$84.5K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$81.3K $44.44/SF
− OpEx
−$36.6K −$20.00/SF
NOI
$44.7K $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%
$894,660
Cap Rate 7%
$639,043
Cap Rate 9%
$497,033
Alternative Uses
Best Use
Apartment 5plus
$639.0K
$559.2K – $745.6K
NOI $44,733 @ 7.0% cap · market cap 4.97%
Second Best
Multifamily LT 5
$432.7K
$378.6K – $504.8K
NOI $30,289 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,437 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
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 - A 2006-built residence offers two-family configuration and 1,830 square feet of living space.
Where is this duplex located?
The property is located at 118-33 199th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑family residential property; 1,830 square feet of building area; Built in 2006
