Duplex with Finished
New
For Sale
$1,319,000
Pending
145-47 109th Avenue, Jamaica, NY 11435
Two three-bedroom residences are arranged one above the other, with a finished lower level.
Property Size2,000 SF
Lot Size0.09 Acres
Days on Market1
Property Features for 145-47 109th Avenue
General Information
Standard status
Pending
Size
2,000 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,324
Amenities
HARDWOOD FLOORS
FULL FINISHED BASEMENT
Finished
Hardwood
5
No
Yes
7
Eat-in Kitchen
Public
2000
Building Details
Building Size
2,000 SF
Year Built
1994
Construction
HI RANCH
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Oct 31 at 2:26PM
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.
This two-family hi-ranch contains two three-bedroom residences, one positioned above the other. Hardwood flooring and 4½ baths are noted, along with a full finished basement. The property was built in 1994 and occupies a 40-by-100-foot lot at 145-47 109th Avenue in Jamaica, New York.
The building offers 2,000 square feet of property area. Both residences are described as having eat-in kitchens.
The building offers 2,000 square feet of property area. Both residences are described as having eat-in kitchens.
Key Highlights
- Two‑family duplex with 3 bedrooms over 3 bedrooms
- Full finished basement
- 4½ baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,889
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$92.4K $46.20/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$88.9K $44.44/SF
− OpEx
−$40.0K −$20.00/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Apartment 5plus
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 3.71%
Second Best
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,103 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,210 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,135
Businesses Nearby
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Business Placement
Demographics for 11435, NY
58,980
Population
21,180
Households
2.8
Avg Household Size
38
Median Age
32%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
39,320
Density / Sq Mi
$79,430
Median Household Income
$43,354
Median Earnings
$1,820
Median Rent
$550,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences are arranged one above the other, with a finished lower level.
Where is this duplex located?
The property is located at 145-47 109th Avenue Jamaica, NY.
What is the asking price?
The asking price for this property is $1,319,000.
What are key features of this property?
This property features: Two‑family duplex with 3 bedrooms over 3 bedrooms; Full finished basement; 4½ baths
