New Construction Duplex With Walk-Out
For Sale
$1,475,000
122-21 Long Street, Jamaica, NY 11434
MULTI_FAMILY - Jamaica, NY
Property Size3,200 SF
Lot Size0.09 Acres
Price / SF$460.94
Days on Market49
Property Features for 122-21 Long Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1, Basement
Parking features
Driveway
Window features
ENERGY STAR Qualified WIndows
Interior features
First Floor Bedroom, First Floor Full Bath, Cathedral Ceiling(s), High Ceilings, Kitchen Island, Marble Counters, Open Floorplan, Open Kitchen, Recessed Lighting, Storage, Washer/Dryer Hookup
Basement
Full, Finished
Lot features
Back Yard, Level
Elementary school
Ps 45 Clarence Witherspoon
Middle school
Jhs 226 Virgil I Grisson
High school
August Martin High School
Elementary school district
Queens 27
Middle school district
Queens 27
High school district
Queens 27
Directions
Belt Parkway to exit 21A to Rockaway Blvd. Make Right on 157th Street, right on Baisley Blvd, left on Long Street.
Standard status
Active
APN
12255-0013
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
custom kitchens
finished walkout basement
open floor plan
cathedral ceiling
primary bedrooms with bath
hardwood floors
washer dryer connections
central air
private driveway
marble floors
recessed lighting
smart thermostats
Building Details
Year built
2026
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Additional Structures
Storage
Listing Agency:
LAFFEY REAL ESTATE
(516) 333-0025
Listed By:
Eric W. Jackson
(516) 236-1396
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 2 at 10:06AM
MLS# 1013491
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New construction duplex at 122-21 Long Street is designed as an open-floorplan home with cathedral ceilings on the second floor and hardwood flooring throughout. The layout includes multiple bedrooms and five bathrooms, along with two custom kitchens featuring a kitchen island and marble counters. Interior details include recessed lighting and smart thermostats, plus washer/dryer hookup and storage. Brick construction and central air support year-round comfort. The property also includes a huge finished walk-out basement, and it is under construction with a planned 2026 year built.
The home is on a 0.0918-acre lot with a long private driveway for parking. Public water and public sewer services are available.
This two-family residence offers a spacious configuration with extensive finished basement area and modern finishes, built around an open, flexible living arrangement.
The home is on a 0.0918-acre lot with a long private driveway for parking. Public water and public sewer services are available.
This two-family residence offers a spacious configuration with extensive finished basement area and modern finishes, built around an open, flexible living arrangement.
Key Highlights
- Duplex under construction with 2026 year built
- Finished walk‑out basement and open floor plan
- Two custom kitchens with marble counters and kitchen island
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.8k | $46.20 |
| − Vacancy | −$5.6k | −$1.76 |
| EGI | $142.2k | $44.44 |
| − OpEx | −$64.0k | −$20.00 |
| NOI | $78.2k | $24.44 |
3,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,222 @ 7.0% cap · market cap 5.30%
Second Best
Multifamily LT 5
$756.6K
$662.1K – $882.8K
NOI $52,965 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,135 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,402
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with central air, hardwood floors, and multiple bedrooms and baths, plus a finished walk-out basement.
Where is this duplex located?
The property is located at 122-21 Long Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Duplex under construction with 2026 year built; Finished walk‑out basement and open floor plan; Two custom kitchens with marble counters and kitchen island
