Two-Family Duplex with Finished
For Sale
$679,000
Pending
87-84 160th Street, Jamaica, NY 11432
Configured with two kitchens, multiple living and dining areas, and seven bedrooms across the residence.
Property Size2,208 SF
Days on Market661
Property Features for 87-84 160th Street
General Information
Standard status
Pending
Size
2,208 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,076
Building Details
Year Built
1910
Listing Agency:
Exit Realty Prime
(718) 262-0205
Listed By:
Mohammed M. Miah · License #10401377841
(516) 288-8881
Source:
Exitrealty
Added: Dec 27, 2024
Changed: Oct 3
Last Checked: Oct 12 at 5:57PM
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 Exit Realty Prime
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Investment Insights
Based on property information with market context.
This duplex is arranged as a two-family residence with 7 bedrooms and 5 full bathrooms. The property includes 2 living rooms, 2 dining rooms, and 2 kitchens, along with a full finished basement containing an additional full bathroom. Built in 1910, the home is being offered in as-is condition.
Located at 87-84 160th Street in Jamaica, the property is near bus service, public transportation, shops, and other community amenities. Its multi-bedroom layout and two-kitchen configuration provide the physical elements of a two-family residential property.
Located at 87-84 160th Street in Jamaica, the property is near bus service, public transportation, shops, and other community amenities. Its multi-bedroom layout and two-kitchen configuration provide the physical elements of a two-family residential property.
Key Highlights
- Two‑family duplex configuration
- 7 bedrooms and 5 full bathrooms
- 2 living rooms and 2 dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,973
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,460
$1.1M
Cap Rate 7%
$771,043
$771.0K
Cap Rate 9%
$599,700
$599.7K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$102.0K $46.20/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$98.1K $44.44/SF
− OpEx
−$44.2K −$20.00/SF
NOI
$54.0K $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%
$1,079,460
Cap Rate 7%
$771,043
Cap Rate 9%
$599,700
Alternative Uses
Best Use
Apartment 5plus
$771.0K
$674.7K – $899.6K
NOI $53,973 @ 7.0% cap · market cap 7.95%
Second Best
Multifamily LT 5
$522.1K
$456.8K – $609.1K
NOI $36,546 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,943 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,256
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
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?
Duplex - Configured with two kitchens, multiple living and dining areas, and seven bedrooms across the residence.
Where is this duplex located?
The property is located at 87-84 160th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Two‑family duplex configuration; 7 bedrooms and 5 full bathrooms; 2 living rooms and 2 dining rooms
