Two-Unit Duplex with Finished
For Sale
$1,495,000
Pending
120-27 172nd Street, Jamaica, NY 11434
Both residences offer four bedrooms, central air, hardwood floors, and updated kitchens with Energy Star appliances.
Property Size2,775 SF
Days on Market9
Property Features for 120-27 172nd Street
General Information
Standard status
Pending
Size
2,775 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,607
Amenities
Energy Star appliances
hardwood flooring
central air
full finished basement
laundry hook-up
fully fenced backyard
driveway
Finished,Full,Walk-Out Access
Wood
5
Yes
8
New Windows
His and Hers Closets,Open Floorplan,Primary Bathroom
2
Finished, Full, Walk-Out Access
Decorative,Living Room
Back Yard,Fenced,Front Yard
Public
No
Driveway
2775
Building Details
Building Size
2,775 SF
Year Built
1930
Buildings
1
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:16PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with four bedrooms and a primary suite with a full bathroom. Hardwood floors extend through both units, and the kitchens include Energy Star appliances. Central air serves the living areas. A finished basement adds a full bath, laundry hookups, and a walk-out entrance. The property also has new windows and a fenced yard with front- and back-yard areas.
The driveway provides parking for three or more cars. Built in 1930, the property has 2,775 square feet. Schools, shopping, and transportation are described as being close to the property.
The driveway provides parking for three or more cars. Built in 1930, the property has 2,775 square feet. Schools, shopping, and transportation are described as being close to the property.
Key Highlights
- Two units, each with four bedrooms and a primary suite with full bath
- Finished basement with full bath, laundry hookups, and walk‑out access
- 2,775 square feet; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,833
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,660
$1.4M
Cap Rate 7%
$969,043
$969.0K
Cap Rate 9%
$753,700
$753.7K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$128.2K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$123.3K $44.44/SF
− OpEx
−$55.5K −$20.00/SF
NOI
$67.8K $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%
$1,356,660
Cap Rate 7%
$969,043
Cap Rate 9%
$753,700
Alternative Uses
Best Use
Apartment 5plus
$969.0K
$847.9K – $1.13M
NOI $67,833 @ 7.0% cap · market cap 4.54%
Second Best
Multifamily LT 5
$656.2K
$574.1K – $765.5K
NOI $45,931 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,203 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,532
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer four bedrooms, central air, hardwood floors, and updated kitchens with Energy Star appliances.
Where is this duplex located?
The property is located at 120-27 172nd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two units, each with four bedrooms and a primary suite with full bath; Finished basement with full bath, laundry hookups, and walk‑out access; 2,775 square feet; built in 1930
