2-Unit Duplex with
11819 179th Street, Jamaica, NY 11434
For Sale
New
$850,000
Two occupied units are accompanied by a detached garage and a full basement with outside access.
Property Size1,717 SF
Price / SF$495.05
Days on Market2
Property Features for 11819 179th Street
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Signature Premier Properties
Listed By:
Walter Greene · License #10301213684
(516) 455-3316
Source:
Georgemcknight
Added: Nov 8
Last Checked: Nov 9 at 2:06AM
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 Signature Premier Properties
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Investment Insights
Based on property information with market context.
This two-unit duplex dates to 1945 and includes a full basement with an outside entrance. A detached garage provides additional on-site space. The property measures 1,717 square feet and is located at 11819 179th Street in Jamaica, New York.
Key Highlights
- Two‑unit duplex
- Full basement with outside entrance
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,428
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,560
$848.6K
Cap Rate 7%
$606,114
$606.1K
Cap Rate 9%
$471,422
$471.4K
Market Conditions
NOI Build-Up for 1,717 SF
Gross rent
$65.9K $38.40/SF
− Vacancy
−$5.3K −$3.10/SF
EGI
$60.6K $35.30/SF
− OpEx
−$18.2K −$10.59/SF
NOI
$42.4K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,560
Cap Rate 7%
$606,114
Cap Rate 9%
$471,422
Alternative Uses
Best Use
Multifamily LT 5
$606.1K
$530.4K – $707.1K
NOI $42,428 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$599.6K
$524.6K – $699.5K
NOI $41,971 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,605 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,349
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
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units are accompanied by a detached garage and a full basement with outside access.
Where is this duplex located?
The property is located at 11819 179th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit duplex; Full basement with outside entrance; Detached garage
