Brick Quadplex with Finished
142-25 Latham Lane Jamaica, NY 11434
142-25 Latham Lane, Jamaica, NY, 11434
$1,800,000
For Sale
$1,800,000
Impeccably maintained brick quadplex offers two separate apartments, each with multiple bedrooms and full baths.
Property Size4,100 SF
Price / SF$439.02
Days on Market589
Property Features for 142-25 Latham Lane
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2008
Listing agency
Keller Williams Points North
(516) 503-4242
Listed by
Barry J. Paley CBR · License #10491208062
(516) 503-4242
Source
Exitrealty
Added: Dec 10, 2024 Updated: Jul 22 at 7:28AM Checked: Jul 22 at 7:28AM
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 Keller Williams Points North
Investment Insights
Based on property information with market context.
Impeccably maintained brick quadruplex with two separate apartments, featuring interior living areas and a fully finished basement. The first-floor apartment includes two bedrooms and two full bathrooms, with convenient access to the basement through a separate entrance. The second-floor apartment offers three bedrooms and two full bathrooms.
The property is set up with ample outdoor space, including an oversized backyard and a large private driveway that provides parking at both the front and rear for multiple cars. It is located near the Belt Parkway and within a short drive of JFK Airport and the Van Wyck Expressway, with access to LIRR and bus routes Q111, Q113, and Q114, plus nearby transit access.
Interior features include LR/DR.
The property is set up with ample outdoor space, including an oversized backyard and a large private driveway that provides parking at both the front and rear for multiple cars. It is located near the Belt Parkway and within a short drive of JFK Airport and the Van Wyck Expressway, with access to LIRR and bus routes Q111, Q113, and Q114, plus nearby transit access.
Interior features include LR/DR.
Key Highlights
- 2008‑built brick quadruplex with two separate units
- First‑floor unit: 2 bedrooms and 2 full bathrooms, plus access to a finished basement with a separate entrance
- Second‑floor unit: 3 bedrooms and 2 full bathrooms
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 | $189.4k | $46.20 |
| − Vacancy | −$7.2k | −$1.76 |
| EGI | $182.2k | $44.44 |
| − OpEx | −$82.0k | −$20.00 |
| NOI | $100.2k | $24.44 |
4,100 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,222 @ 7.0% cap · market cap 5.57%
Second Best
Multifamily LT 5
$969.5K
$848.3K – $1.13M
NOI $67,862 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$3.02M
$2.64M – $3.53M
NOI $211,580 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Impeccably maintained brick quadplex offers two separate apartments, each with multiple bedrooms and full baths.
Where is this quadplex located?
The property is located at 142-25 Latham Lane Jamaica, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 2008‑built brick quadruplex with two separate units; First‑floor unit: 2 bedrooms and 2 full bathrooms, plus access to a finished basement with a separate entrance; Second‑floor unit: 3 bedrooms and 2 full bathrooms
