Legal 3-Family Semi-Detached
127-02 172nd Street Jamaica, NY 11434
127-02 172nd Street, Jamaica, NY, 11434
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For Sale
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Turnkey legal 3-family built in 2007 with three 3-bedroom, 2-bath units and a primary suite per level.
Property Size3,000 SF
Price / SF$433
Days on Market56
Property Features for 127-02 172nd Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing agency
Charles Rutenberg Realty Inc Plainview
(516) 575-7500
Listed by
Jaleel Mussington · License #10401334023
Source
Crexi
Added: May 29 Updated: Jul 23 at 4:47AM Checked: Jul 23 at 4:47AM
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 Charles Rutenberg Realty Inc Plainview
Investment Insights
Based on property information with market context.
Well-maintained legal 3-family semi-detached home built in 2007, configured as a 3 over 3 over 3. The property offers 9 bedrooms and 6 full bathrooms across three generously sized units, with each floor featuring 3 bedrooms, 2 full baths, and a primary suite. Up to (2) units can be delivered vacant, providing flexibility for an owner-occupant arrangement and/or immediate rental income.
The home includes a private driveway and a fenced backyard. It is located minutes from the LIRR, JFK Airport, major highways, schools, and everyday shopping.
Current rent roll is provided for all three units: Unit 1 at $3,150, Unit 2 at $3,550, and Unit 3 at $3,175.
The home includes a private driveway and a fenced backyard. It is located minutes from the LIRR, JFK Airport, major highways, schools, and everyday shopping.
Current rent roll is provided for all three units: Unit 1 at $3,150, Unit 2 at $3,550, and Unit 3 at $3,175.
Key Highlights
- Legal 3‑family semi‑detached home built in 2007 with 3 units (3 over 3 over 3).
- Total of 9 bedrooms and 6 full bathrooms; each floor has 3 bedrooms, 2 full baths, and a primary suite.
- Spacious unit layouts configured for long‑term rentals; up to 2 units can be delivered vacant.
Local 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 | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.65%
Second Best
Multifamily LT 5
$709.4K
$620.7K – $827.6K
NOI $49,655 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey legal 3-family built in 2007 with three 3-bedroom, 2-bath units and a primary suite per level.
Where is this triplex located?
The property is located at 127-02 172nd Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Legal 3‑family semi‑detached home built in 2007 with 3 units (3 over 3 over 3).; Total of 9 bedrooms and 6 full bathrooms; each floor has 3 bedrooms, 2 full baths, and a primary suite.; Spacious unit layouts configured for long‑term rentals; up to 2 units can be delivered vacant.
