Duplex with Finished
For Sale
$1,349,000
119-56 167th Street, Jamaica, NY 11434
Two three-bedroom residences share a private driveway and an oversized detached garage.
Property Size2,373 SF
Price / SF$568.48
Days on Market9
Property Features for 119-56 167th Street
General Information
Standard status
Active
Size
2,373 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,987
Amenities
See Remarks
5
No
Yes
8
Master Downstairs,Formal Dining,First Floor Bedroom,Primary Bathroom
4
Detached, Driveway, Garage
2373
Building Details
Building Size
2,373 SF
Year Built
2021
Listing Agency:
(516) 703-2918
Listed By:
Craig May
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:51PM
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 Craig May
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2021 duplex contains two residences, each with three bedrooms and two bathrooms. A full finished basement has a separate outside entrance. The property also includes a private driveway and an oversized detached garage.
Public transportation, restaurants, shopping, an airport, and a highway are identified among the nearby amenities.
Public transportation, restaurants, shopping, an airport, and a highway are identified among the nearby amenities.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Full finished basement with outside entrance
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,007
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,140
$1.2M
Cap Rate 7%
$828,671
$828.7K
Cap Rate 9%
$644,522
$644.5K
Market Conditions
NOI Build-Up for 2,373 SF
Gross rent
$109.6K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$105.5K $44.44/SF
− OpEx
−$47.5K −$20.00/SF
NOI
$58.0K $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%
$1,160,140
Cap Rate 7%
$828,671
Cap Rate 9%
$644,522
Alternative Uses
Best Use
Apartment 5plus
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 4.30%
Second Best
Multifamily LT 5
$561.1K
$491.0K – $654.6K
NOI $39,277 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,458 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,406
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences share a private driveway and an oversized detached garage.
Where is this duplex located?
The property is located at 119-56 167th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Full finished basement with outside entrance; Built in 2021
