Detached Duplex
New
For Sale
$1,050,000
120-02 153rd Street, Jamaica, NY 11434
Two separate duplex buildings are offered vacant, with a finished basement and car garage.
Property Size3,000 SF
Price / SF$350
Days on Market5
Property Features for 120-02 153rd Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,603
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
3,000 SF
Year Built
1935
Buildings
2
Units
2
Listing Agency:
Voro LLC
Listed By:
Shahroz A. Syed
(646) 730-3062
Source:
Georgemcknight
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:16PM
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 Voro LLC
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Investment Insights
Based on property information with market context.
The property comprises two detached duplex buildings, with each unit configured for three bedrooms and two bathrooms. A fully finished basement and car garage are also included. The buildings are being sold vacant and in as-is condition.
At 120-02 153rd Street in Jamaica South, the property is near public transportation, shopping, dining, and major roadways.
At 120-02 153rd Street in Jamaica South, the property is near public transportation, shopping, dining, and major roadways.
Key Highlights
- Two detached duplex structures
- Each unit has 3 bedrooms and 2 bathrooms
- Fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $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%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 6.98%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,356
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate duplex buildings are offered vacant, with a finished basement and car garage.
Where is this duplex located?
The property is located at 120-02 153rd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two detached duplex structures; Each unit has 3 bedrooms and 2 bathrooms; Fully finished basement
