Duplex with Finished
New
For Sale
$1,800,000
142-25 Latham Lane, Jamaica, NY 11434
Two residential floors feature separate bedroom and bathroom layouts, plus a finished lower level with its own entrance.
Property Size9,131 SF
Price / SF$197.13
Days on Market4
Property Features for 142-25 Latham Lane
General Information
Standard status
Active
Size
9,131 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,244
Amenities
oversized backyard
fully finished basement
private driveway
Finished,Walk-Out Access
Hardwood
2
1 Common Wall
No
Granite Counters
Finished, Walk-Out Access
Fenced
Public
Driveway, Private
Balcony
Pillar/Post/Pier
Building Details
Year Built
2008
Construction
brick
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:39PM
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.
Built in 2008, this brick duplex has two residential floors with distinct layouts. The first floor contains two bedrooms and two full bathrooms; the upper floor has three bedrooms and two full bathrooms. A finished basement has a separate entrance. Hardwood flooring and granite counters are among the listed interior features.
The property includes a fenced backyard and a private driveway with parking at both the front and rear. The location offers access to the Belt Parkway and Van Wyck Expressway, and JFK Airport is a five-minute drive away. The LIRR, Q111, Q113 and Q114 bus routes, and the A train are also noted nearby.
The property includes a fenced backyard and a private driveway with parking at both the front and rear. The location offers access to the Belt Parkway and Van Wyck Expressway, and JFK Airport is a five-minute drive away. The LIRR, Q111, Q113 and Q114 bus routes, and the A train are also noted nearby.
Key Highlights
- Brick duplex built in 2008
- First‑floor layout: 2 bedrooms and 2 full bathrooms
- Upper‑floor layout: 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,133
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,022,660
$3.0M
Cap Rate 7%
$2,159,043
$2.2M
Cap Rate 9%
$1,679,256
$1.7M
Market Conditions
NOI Build-Up for 9,131 SF
Gross rent
$230.1K $25.20/SF
− Vacancy
−$14.2K −$1.55/SF
EGI
$215.9K $23.65/SF
− OpEx
−$64.8K −$7.09/SF
NOI
$151.1K $16.55/SF
Area
Queens County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,022,660
Cap Rate 7%
$2,159,043
Cap Rate 9%
$1,679,256
Alternative Uses
Best Use
Apartment 5plus
$3.19M
$2.79M – $3.72M
NOI $223,202 @ 7.0% cap · market cap 12.40%
Second Best
Multifamily LT 5
$2.16M
$1.89M – $2.52M
NOI $151,133 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$6.73M
$5.89M – $7.85M
NOI $471,203 @ 7.0% cap · market cap 26.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,434
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential floors feature separate bedroom and bathroom layouts, plus a finished lower level with its own entrance.
Where is this duplex located?
The property is located at 142-25 Latham Lane Jamaica, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Brick duplex built in 2008; First‑floor layout: 2 bedrooms and 2 full bathrooms; Upper‑floor layout: 3 bedrooms and 2 full bathrooms
