Duplex With Separate
13318 161st Street, Jamaica, NY 11434
For Sale
$1,150,000
Both residences include three bedrooms, two full bathrooms, and separate electric utilities.
Property Size2,750 SF
Price / SF$418.18
Days on Market20
Property Features for 13318 161st Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Partially Finished
4
No
Yes
6
Breakfast Bar,Eat-in Kitchen,Kitchen Island,Primary Bathroom
Public
Driveway, Off Street
2750
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 21
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This two-family property contains two residences, each configured with three bedrooms and two full bathrooms. Separate entrances and electric utilities serve the units. Both kitchens feature eat-in dining, and the property also has a partially finished basement with its own side entrance.
The home was built in 1930. The roof and water heater were updated in 2024, followed by siding and split-system heating and cooling in 2025. A driveway leads to off-street parking, and the property includes a private backyard. Parks, shopping, dining, and public transportation are nearby.
The home was built in 1930. The roof and water heater were updated in 2024, followed by siding and split-system heating and cooling in 2025. A driveway leads to off-street parking, and the property includes a private backyard. Parks, shopping, dining, and public transportation are nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Separate entrances and electric utilities for each residence
- Partially finished basement with a separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,955
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,100
$1.4M
Cap Rate 7%
$970,786
$970.8K
Cap Rate 9%
$755,056
$755.1K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$105.6K $38.40/SF
− Vacancy
−$8.5K −$3.10/SF
EGI
$97.1K $35.30/SF
− OpEx
−$29.1K −$10.59/SF
NOI
$68.0K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,100
Cap Rate 7%
$970,786
Cap Rate 9%
$755,056
Alternative Uses
Best Use
Multifamily LT 5
$970.8K
$849.4K – $1.13M
NOI $67,955 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,913 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
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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
Properties on Market for Duplexes in Jamaica
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two full bathrooms, and separate electric utilities.
Where is this duplex located?
The property is located at 13318 161st Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Separate entrances and electric utilities for each residence; Partially finished basement with a separate side entrance
