Duplex with Central
New
For Sale
$1,499,000
121-28 172nd Street, Jamaica, NY 11434
A heat pump, fenced exterior, and driveway contribute to the property’s residential configuration.
Property Size4,198 SF
Days on Market6
Property Features for 121-28 172nd Street
General Information
Standard status
Active
Size
4,198 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,308
Amenities
Central Air
Heat Pump
Finished, Full
Chandelier, Eat-in Kitchen, High Ceilings, Open Floorplan
Decorative
Fenced
Driveway
Awning(s)
Modern
Building Details
Building Size
4,198 SF
Year Built
1930
Listed By:
Karlene D. Tyson SFR GRI
Source:
Evrealestate
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 3:30PM
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 Karlene D. Tyson SFR GRI
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Investment Insights
Based on property information with market context.
This duplex at 121-28 172nd Street in Jamaica dates to 1930. Interior features include central air, a heat pump, an eat-in kitchen, high ceilings, and an open floorplan. Decorative elements are also noted.
The exterior includes fencing, a driveway, and awnings.
The exterior includes fencing, a driveway, and awnings.
Key Highlights
- Built in 1930
- Central air and heat pump
- Eat‑in kitchen, high ceilings, and open floorplan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,618
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,052,360
$2.1M
Cap Rate 7%
$1,465,971
$1.5M
Cap Rate 9%
$1,140,200
$1.1M
Market Conditions
NOI Build-Up for 4,198 SF
Gross rent
$193.9K $46.20/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$186.6K $44.44/SF
− OpEx
−$84.0K −$20.00/SF
NOI
$102.6K $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%
$2,052,360
Cap Rate 7%
$1,465,971
Cap Rate 9%
$1,140,200
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,618 @ 7.0% cap · market cap 6.85%
Second Best
Multifamily LT 5
$992.6K
$868.6K – $1.16M
NOI $69,484 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,637 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,442
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A heat pump, fenced exterior, and driveway contribute to the property’s residential configuration.
Where is this duplex located?
The property is located at 121-28 172nd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Built in 1930; Central air and heat pump; Eat‑in kitchen, high ceilings, and open floorplan
