Hi-Ranch Multifamily
For Sale
$899,000
Pending
134-10 Garrett Street, Jamaica, NY 11434
A driveway serves a finished interior with baseboard heating in a 1992-built residential property.
Property Size2,544 SF
Days on Market26
Property Features for 134-10 Garrett Street
General Information
Standard status
Pending
Size
2,544 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,687
Amenities
Baseboard
Finished
Driveway
Hi Ranch
Building Details
Building Size
2,544 SF
Year Built
1992
Listed By:
Denise Kearse CBR E-PRO
(516) 867-3508
Source:
Evrealestate
Added: Sep 25
Changed: Oct 15
Last Checked: Oct 19 at 4:42AM
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 Denise Kearse CBR E-PRO
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1992 and has a hi-ranch exterior configuration. Interior features include finished space and baseboard heating, while a driveway provides on-site vehicle access.
The property is on Garrett Street in Queens. Directions reference Farmers Boulevard and Garrett Street.
The property is on Garrett Street in Queens. Directions reference Farmers Boulevard and Garrett Street.
Key Highlights
- Built in 1992
- Hi‑ranch exterior configuration
- Finished interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,187
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,243,740
$1.2M
Cap Rate 7%
$888,386
$888.4K
Cap Rate 9%
$690,967
$691.0K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$117.5K $46.20/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$113.1K $44.44/SF
− OpEx
−$50.9K −$20.00/SF
NOI
$62.2K $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%
$1,243,740
Cap Rate 7%
$888,386
Cap Rate 9%
$690,967
Alternative Uses
Best Use
Apartment 5plus
$888.4K
$777.3K – $1.04M
NOI $62,187 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,283 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,351
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?
Multifamily property - A driveway serves a finished interior with baseboard heating in a 1992-built residential property.
Where is this multifamily property located?
The property is located at 134-10 Garrett Street Jamaica, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Built in 1992; Hi‑ranch exterior configuration; Finished interior space
