Renovated Duplex with Finished
For Sale
$680,000
13446 157th Street, Jamaica, NY 11434
Residential, Duplex, Jamaica, NY
Property Size1,238 SF
Lot Size0.06 Acres
Price / SF$549.27
Days on Market236
Property Features for 13446 157th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2
Interior features
Central Air - Split, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Window Treatments
Basement
Full, Finished
Subdivision
Jamaica
Standard status
Active
Size
1,238 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4922
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Peerless Properties Corp.
Listed By:
Richard Dinerman · License #35DIO767533
(718) 368-3305
Added: Jan 13
Changed: Sep 5
Last Checked: Sep 6 at 1:06AM
MLS# 498338
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers 1,238 square feet with four bedrooms and four bathrooms, along with a fully finished basement that expands the usable interior. The residence was built in 1935 and has been updated throughout, with hardwood flooring, asphalt roofing, and split-system central air. Kitchen equipment includes a dishwasher, dryer, microwave, refrigerator, and stove, complemented by window treatments.
The property sits on a 0.0574-acre lot in Jamaica, Queens, and carries R3-1 zoning. It is currently occupied, making occupancy information an important part of the transaction review. The existing configuration combines residential scale with multiple bathrooms, finished lower-level space, and a broad set of installed interior features.
The property sits on a 0.0574-acre lot in Jamaica, Queens, and carries R3-1 zoning. It is currently occupied, making occupancy information an important part of the transaction review. The existing configuration combines residential scale with multiple bathrooms, finished lower-level space, and a broad set of installed interior features.
Key Highlights
- Duplex with 4 bedrooms and 4 bathrooms
- 1,238 square feet with a fully finished basement
- Updated throughout; built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,262
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,240
$605.2K
Cap Rate 7%
$432,314
$432.3K
Cap Rate 9%
$336,244
$336.2K
Market Conditions
NOI Build-Up for 1,238 SF
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.
Gross rent
$57.2K $46.20/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$55.0K $44.44/SF
− OpEx
−$24.8K −$20.00/SF
NOI
$30.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,240
Cap Rate 7%
$432,314
Cap Rate 9%
$336,244
Alternative Uses
Best Use
Apartment 5plus
$432.3K
$378.3K – $504.4K
NOI $30,262 @ 7.0% cap · market cap 4.45%
Second Best
Multifamily LT 5
$292.7K
$256.1K – $341.5K
NOI $20,491 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$912.7K
$798.6K – $1.06M
NOI $63,887 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,393
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom, four-bath residence with updated interiors, hardwood flooring, and split-system central air.
Where is this duplex located?
The property is located at 13446 157th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 4 bathrooms; 1,238 square feet with a fully finished basement; Updated throughout; built in 1935
