Legal 3-Family Semi-Detached
For Sale
Contact for pricing
127-02 172nd Street, Jamaica, NY 11434
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 Market148
Property Features for 127-02 172nd Street
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Multifamily
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
2007
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Charles Rutenberg Realty Inc Plainview
Listed By:
Jaleel Mussington · License #10401334023
(718) 916-6772
Source:
Crexi
Added: May 29
Changed: Oct 15
Last Checked: Oct 20 at 7:37PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
5.65%
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 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 authorities.
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
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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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?
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.
