Occupied Multifamily
For Sale
$833,200
14227 122nd Ave, Jamaica, NY 11436
Two-story? No, avoid unsupported. Occupied multifamily asset offered in as-is condition without interior access.
Property Size2,376 SF
Price / SF$350.67
Days on Market75
Property Features for 14227 122nd Ave
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multi-Family
Building Details
Year Built
2002
Listing Agency:
REALHome Services & Solutions
Listed By:
Christopher A. Rose · License #10311208824
(855) 882-1314
Source:
Goatrealtyus
Added: Aug 2
Changed: Oct 5
Last Checked: Oct 7 at 2:51PM
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 REALHome Services & Solutions
Investment Insights
Based on property information with market context.
This occupied multifamily property is offered for sale in as-is condition, with no interior access available. Available records indicate approximately 6 beds, 2 full baths, 2 half baths, and approximately 2,376 square feet. The property was built in 2002.
The asset is located at 14227 122nd Ave in Jamaica, NY 11436, with access to nearby roads and amenities.
The asset is located at 14227 122nd Ave in Jamaica, NY 11436, with access to nearby roads and amenities.
Key Highlights
- Occupied REO property offered as is
- No interior access available
- Approximately 6 beds and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,080
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,600
$1.2M
Cap Rate 7%
$829,714
$829.7K
Cap Rate 9%
$645,333
$645.3K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$109.8K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$105.6K $44.44/SF
− OpEx
−$47.5K −$20.00/SF
NOI
$58.1K $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%
$1,161,600
Cap Rate 7%
$829,714
Cap Rate 9%
$645,333
Alternative Uses
Best Use
Apartment 5plus
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,613 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 11436, NY
20,620
Population
6,617
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
0.8 sq mi
ZIP Area
25,775
Density / Sq Mi
$86,104
Median Household Income
$42,386
Median Earnings
$2,079
Median Rent
$602,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two-story? No, avoid unsupported. Occupied multifamily asset offered in as-is condition without interior access.
Where is this multifamily property located?
The property is located at 14227 122nd Ave Jamaica, NY.
What is the asking price?
The asking price for this property is $833,200.
What are key features of this property?
This property features: Occupied REO property offered as is; No interior access available; Approximately 6 beds and 2 full baths
