Two-Family Home with Basement
For Sale
$1,250,000
13712 249th Street, Jamaica, NY 11422
Two upper floors each offer three bedrooms, two full bathrooms, a kitchen, and open living and dining space.
Property Size2,128 SF
Price / SF$587.41
Days on Market49
Property Features for 13712 249th Street
General Information
Standard status
Active
Size
2,128 SF
Total Parking Spaces
5
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA, 1 x studio, 1 x 2BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,500
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Storage
Walk Through Kitchen
Walk-In Closet(s)
Washer/Dryer Hookup
Building Details
Building Size
2,128 SF
Year Built
1945
Buildings
1
Units
2
Listing Agency:
Fortune Best Realty
Listed By:
Ahsan Haque
(929) 427-7448
Source:
Clairedleone
Added: Sep 5
Changed: Oct 23
Last Checked: Oct 23 at 4:52PM
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 Fortune Best Realty
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Investment Insights
Based on property information with market context.
This 2,128-square-foot multifamily property, built in 1945, has separate living areas across its upper floors and basement. The first and second floors each contain three bedrooms, two full bathrooms, a kitchen, and an open living and dining area. The basement includes a studio unit and a separate two-bedroom unit.
The home sits on a dead-end street near Hook Creek Boulevard, with access to Sunrise Highway. JFK Airport, Green Acres Mall, shopping, supermarkets, restaurants, schools, and transportation are approximately 10 minutes away, according to the stated location information.
The home sits on a dead-end street near Hook Creek Boulevard, with access to Sunrise Highway. JFK Airport, Green Acres Mall, shopping, supermarkets, restaurants, schools, and transportation are approximately 10 minutes away, according to the stated location information.
Key Highlights
- 2,128‑square‑foot property built in 1945
- First and second floors each have 3 bedrooms and 2 full bathrooms
- Each upper floor includes a kitchen and open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,018
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,360
$1.0M
Cap Rate 7%
$743,114
$743.1K
Cap Rate 9%
$577,978
$578.0K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$98.3K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.6K $44.44/SF
− OpEx
−$42.6K −$20.00/SF
NOI
$52.0K $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%
$1,040,360
Cap Rate 7%
$743,114
Cap Rate 9%
$577,978
Alternative Uses
Best Use
Apartment 5plus
$743.1K
$650.2K – $867.0K
NOI $52,018 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,815 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 11422, NY
32,839
Population
10,694
Households
3.1
Avg Household Size
41
Median Age
33%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
15,638
Density / Sq Mi
$108,519
Median Household Income
$51,788
Median Earnings
$2,327
Median Rent
$629,100
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?
Multifamily property - Two upper floors each offer three bedrooms, two full bathrooms, a kitchen, and open living and dining space.
Where is this multifamily property located?
The property is located at 13712 249th Street Jamaica, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,128‑square‑foot property built in 1945; First and second floors each have 3 bedrooms and 2 full bathrooms; Each upper floor includes a kitchen and open living and dining area
